SBP
Multi-Billion-Rupee Solar Panel Import Scam Involves Famous Pakistani Banks
4 min read
The Senate Finance Subcommittee, chaired by Senator Mohsin Aziz, convened on Thursday to discuss the ongoing investigation into the solar panel import over-invoicing. The committee…
IMF Urges Pakistan to Digitalize Land Records for Stronger Governance and Anti-Corruption Efforts
2 min read
Islamabad: The International Monetary Fund (IMF) has launched a governance and corruption diagnostic assessment in Pakistan, set to conclude on February 14, 2025. The mission,…
Government Exceeds Auction Target with Rs. 452 Billion Raised Through T-Bills
2 min read
Islamabad: The Government of Pakistan successfully raised Rs. 452 billion through its latest Treasury Bills (T-Bills) auction, slightly exceeding its target of Rs. 450 billion…
PTCL-Ufone and Telenor Pakistan Merger Delayed by CCP Review
3 min read
Islamabad: The Pakistan Telecommunication Company Ltd’s Ufone acquisition of Telenor Pakistan, announced nearly a year ago, is facing a regulatory setback, causing a delay in…
SBP to Introduce New Currency Notes with Enhanced Security in 2025
3 min read
The Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, announced on Monday that the central bank plans to issue new currency notes in…
PTCL Introduces Industry-First WhatsApp-Based Bill Payment Solution in Pakistan
3 min read
Islamabad: Pakistan Telecommunication Company Limited (PTCL), a leading ICT services provider, has collaborated with PayFast, a Payment Service Provider (PSP) licensed by the State Bank…
IT Exports Surge by 28% to $1.86 Billion in First Half of FY25
2 min read
Pakistan’s IT sector achieved a significant milestone in December 2024, recording its highest-ever monthly export value of $348 million. This represents a 15% year-on-year (YoY)…
UBL Converts KP and Balochistan Branches to Full Islamic Banking System
2 min read
In a public email released on Tuesday, United Bank Limited (PSX: UBL) announced that it has successfully converted all its branches in Balochistan and Khyber…
Banking Sector’s ADR Shows Significant Recovery from 38.4% to 51.8% in Q4 2024
2 min read
The State Bank of Pakistan (SBP) has reported a remarkable increase of Rs. 700 billion in bank advances as of December 27th, 2024. The banking…
SBP Reserves Decline to $11.7 Billion After Two Consecutive Drops
2 min read
The State Bank of Pakistan (SBP) reported a decline of over $143 million in its foreign exchange reserves weekly, according to data released by the…
Veon Group Invests $15 Million in Mobilink Bank for Growth and Tech Advancements
2 min read
ISLAMABAD: Veon Group, a global digital operator, has invested $15 million in Mobilink Bank Pakistan to support the bank’s growth initiatives and technological transformation. The…
Park View Enclave Challenges Silkbank-UBL Merger in Sindh High Court
2 min read
Park View Enclave (Private) Limited has initiated legal proceedings against the proposed merger between Silkbank Limited and United Bank Limited (UBL). The lawsuit, filed in…
Digital Payment Share Reaches 87% of Total Retail Transactions; SBP Report
3 min read
Karachi: The State Bank of Pakistan (SBP) has reported a significant shift toward digital payments, with digital channels now processing the majority of retail transactions…
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