State Bank of Pakistan (SBP)
Fitch Ratings Highlights Pakistan’s Progress Toward IMF Commitments
3 min read
ISLAMABAD: Pakistan is making steady progress in restoring economic stability and rebuilding external buffers, according to Fitch Ratings. The agency emphasized that successful implementation of…
Islamabad United’s Binance Deal Sparks Debate Amid Pakistan’s Crypto Ban
3 min read
Islamabad United, a premier franchise of the Pakistan Super League (PSL), has partnered with Binance, the world’s largest cryptocurrency exchange, as its official exchange partner.…
QR Code Payment System in Pakistan Faces FBR-Induced Delays
2 min read
ISLAMABAD: Dr. Inayat Hussain, the Deputy Governor of the State Bank of Pakistan (SBP), informed the Senate Standing Committee on Finance on Wednesday that the…
Auto Financing Hits Rs235.45bn in December with Lower Interest Rates
2 min read
According to statistics from the State Bank of Pakistan (SBP), vehicle financing reversed its downward trend in November, experiencing a slight increase to Rs235.454 billion…
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…
