SBP
SBP Cuts Key Policy Rate by 200 Basis Points to 13% Amid Positive Economic Indicators
ISLAMABAD: The State Bank of Pakistan (SBP) announced on Monday that it has decided to reduce its key policy rate by 200 basis points (bps),…
38000 Out of 2.32 Million Freelancers Hold Bank Accounts
As shocking news broke during a high-level meeting of the Prime Minister’s Committee on IT Export Remittances, it was revealed that out of Pakistan’s 2.32…
Pakistani Banks to Replace OTP with TPIN for Enhanced Digital Security
The State Bank of Pakistan (SBP) has issued a new series of directives for banks and microfinance banks (MFBs) that have adopted the necessary measures…
RAAST Payments to Be Enabled in Online Shopping, Orders SBP
Banks and financial institutions have been instructed by the State Bank of Pakistan (SBP) to implement the RAAST payment system in e-commerce and online purchasing…
OPay Takes Over Finja Operations in New Acquisition
OPay, a leading global fintech platform, has acquired Finja’s operations. When it launched in 2021, Finja was a leading startup and operator in the financial…
SBP Releases Rs55 Coin in Honor of Guru Nanak’s 555th ‘Jayanti’
The State Bank of Pakistan(SBP) issued a commemorative coin on Friday to mark the 555th Jayanti [birth anniversary] of Guru Nanak Dev Ji, the founder…
Banks to Support Financing for EVs, Energy-Efficient Homes, and SMEs with Improved Data Access
Islamabad: Pakistan’s banking sector has pledged to support the financing of energy-efficient households, electric vehicles, and small and medium enterprises (SMEs) to enhance financial inclusion.…
Pakistani Startups Secure $32 Million in FY2024-25 Amid Rebounding Investment Climate
Pakistani startups have made an impressive return to the global investment stage, raising $32 million in the first four months of the 2024-25 financial year.…
SBP Grants Final Approval for TPL Corp and Abhi’s Takeover of FINCA Microfinance Bank
The State Bank of Pakistan (SBP) has granted final approval for TPL Corp Limited and Abhi (Private) Limited to acquire a majority share in FINCA…
Saudi National Bank Ends Plan to Sell Stake in Samba Bank
Saudi National Bank (SNB) has decided to terminate the process of selling its equity stake in Samba Bank Limited. This update was announced by Samba…
Pakistan’s October 2024 Remittances Hit $3.05bn, Reflecting 24% Annual Growth
The State Bank of Pakistan (SBP) released data indicating that the inflow of overseas workers’ remittances into Pakistan was $3.052 billion in October 2024, a…
SBP Reserves Surge to $11.17 Billion Following Latest Boost
The State Bank of Pakistan (SBP) reports a weekly increase of $18 million in foreign exchange reserves, as shown in data released by the central…
Banks in Pakistan to Observe Holiday on November 9th, 2024
The State Bank of Pakistan (SBP) has announced that all banking and financial institutions will remain closed on November 9th, 2024, in observance of Allama…
