State Bank of Pakistan (SBP)
Federal Government Announces December 25 as Public Holiday
2 min read
ISLAMABAD: The federal government has declared December 25, 2024, as a public holiday to mark both Quaid-e-Azam Day and Christmas. A notification from the Cabinet…
SBP Announces December 25 as a Bank Holiday
2 min read
The State Bank of Pakistan (SBP) has officially declared Wednesday, December 25, 2024, as a bank holiday in observance of Quaid-e-Azam Day and Christmas. This…
SBP Introduces Direct Investment Platform for Government Securities
2 min read
The State Bank of Pakistan (SBP) has announced the launch of a new platform called InvestPak, aimed at simplifying the process of investing directly in…
MCB Bank Appoints Nauman Chughtai as President and Chief Executive Officer
2 min read
MCB Bank Limited (PSX: MCB) has announced the appointment of Muhammad Nauman Chughtai as President and Chief Executive Officer. On December 20, 2024, Mr. Shoaib…
IT Services Exports Soar by 14% in Latest Growth Surge
3 min read
In October, Pakistan’s services exports saw a significant rise of 13.43% compared to the same month last year, reaching $688.95 million, up from $607.37 million.…
Rs. 1.47 Trillion Surge in Banking Sector in October 2024
2 min read
In October 2024, with a surge of 1.47 trillion rupees in advances, banks have been aggressively lending to certain consumers to avoid penalties imposed by…
State Bank Removes Profit Rate Floors for Certain Deposit Accounts
2 min read
Today, the State Bank of Pakistan (SBP) announced that deposits held by financial institutions, public sector organizations, and public limited companies will not be subject…
PTA Seeks Stakeholder Input on VPN Registration
2 min read
Islamabad (21st November 2024): PTA hosted a stakeholder consultation on VPN registration, with key participants including the CEOs of PSEB, PASHA, and PAFLA, along with…
Only 26% of Women Entrepreneurs in Pakistan Have Bank Accounts, Says SBP Governor
2 min read
At the Women Entrepreneurship Day (WED) event on Tuesday (November 19), Jameel Ahmad, governor of the State Bank of Pakistan (SBP), pointed out that women…
Roshan Digital Accounts See Inflows Exceeding $9 Billion
2 min read
The Roshan Digital Accounts (RDA) initiative has achieved a significant milestone by surpassing the $9 billion cumulative inflows mark as of November 7, 2024. Since…
Silkbank Receives Board Approval for Merger with UBL
2 min read
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:…
Important Update on Profit Rates for Savings Schemes
2 min read
On Friday, the government stated that from November 4th, 2024, profit rates on National Savings Schemes (NSS) will be reduced. The government has announced a…
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