SBP
Silkbank Receives Board Approval for Merger with UBL
On November 6, 2024, the board of directors of Silkbank Limited (PSX: SILK) granted in-principle approval for a potential merger with United Bank Limited (PSX:…
SBP Grants In-Principle and Pilot Operations Approvals to EMIs and PSOs/PSPs
The State Bank of Pakistan (SBP) has granted in-principle approval to Toko Lab Private Limited and Accept Technologies Private Limited (PayMob) for establishing their operations…
SBP Chief Reports October Remittances Exceed $3 Billion
KARACHI: The State Bank of Pakistan (SBP) is anticipating $500 million from the Asian Development Bank (ADB) this week, and higher foreign inflows are expected…
SBP Eases Policy Rate by 2.5% as Inflation Shows Steady Decline
The Monetary Policy Committee (MPC) of the State Bank of Pakistan decided to cut the policy rate by 250 basis points to 15 percent, effective…
Pakistan to Legalize Bitcoin and Cryptocurrency Through SBP Act Amendments?
The federal government has proposed amendments to the State Bank of Pakistan (SBP) Act aimed at legalizing digital currencies such as Bitcoin and cryptocurrency in…
KSE-100 Breaks Record, Exceeds 87,000 in Historic High
KARACHI: The Pakistan Stock Exchange’s (PSX) KSE-100 Index reached a record high on Wednesday, fueled by optimism in the capital market. Expectations of a reduction…
Pakistan Sets January 2028 Deadline to Eliminate Interest-Based Banking
The 26th Constitutional Amendment Bill, 2024, passed today in the early hours has provided a time frame of 1st January 2028 for the eradication of…
Raast Payments Reach Rs1 Trillion in Just 16 Days
KARACHI: Pakistan has seen a significant shift toward digital payment solutions, with citizens transacting Rs1 trillion in just 16 days through the instant payment system…
SBP is Working on Pakistan’s First Ever Digital Currency
Getting its own CBDC (Central Bank Digital Currency) would give Pakistan a number of benefits including easier digital payment, easier remittance, higher efficiency and increased…
SBP’s Stance On Disallowing Cryptocurrency Trading Remains Same In Pakistan
The State Bank of Pakistan remains firm in its decision to prohibit cryptocurrency exchange in Pakistan. Despite the increasing global interest in digital assets, Pakistan…
Registered Freelancers In Pakistan Could Get Incentives Under ‘National Freelancing Policy’
The government of Pakistan has announced a new policy to support freelancers in Pakistan. The aim is to boost the position of Pakistan as a…
Pakistani Banks Plans To Use Blockchain Technology For KYC
Pakistan is currently facing a significant financial crisis Financial institutions in the country are looking to use blockchain technology to stop money laundering Pakistan is…
SBP Allows IT Exporters to Retain 35% Earnings in Foreign Current Accounts
“Exporters would be allowed to use their retained funds for legitimate business payments or expenses abroad,” said the State Bank of Pakistan, in its statement…
