State Bank of Pakistan
UBL and Silk Bank to Finalize Merger Through Share Swap
2 min read
The merger between Silk Bank Limited (SILK) and United Bank Limited (UBL) has been approved by both parties. UBL, one of Pakistan’s largest commercial banks,…
NBP Branch Sealed by SBP Over Alleged Rs. 2 Million Fake Currency Scandal
2 min read
HAFIZABAD: The State Bank of Pakistan (SBP) has closed the Hafizabad branch of the National Bank of Pakistan (NBP) after detecting Rs. 2 million in…
Bank Alfalah Gains Approval to End Operations in Bangladesh
2 min read
Bangladesh Bank and State Bank of Pakistan have both given Bank Alfalah Limited (PSX: BAFL) in-principle authority to exit Bangladesh. Since BAFL is going to…
First Quarter Sees 60% Decrease in Foreign Aid to Pakistan
2 min read
ISLAMABAD: In the first quarter of the current fiscal year (July-September), Pakistan’s foreign assistance inflows dropped 60% to $2.3 billion, from approximately $5.73 billion in…
State Bank of Pakistan launches challenge fund to boost digitalization in SMEs
2 min read
The State Bank of Pakistan (SBP) has unveiled a new Challenge Fund aimed at fostering technology adoption and digitalization among small and medium enterprises (SMEs).…
Siemens Pakistan announces sale of energy portfolio to Siemens Gamesa for Rs17.82 Billion
2 min read
Siemens (Pakistan) Engineering Co. Ltd (SIEM) has declared the approval of the Board of Directors(BoD) for the sale of its energy portfolio to Siemens Gamesa…
Paper-Based Transactions Decline for Second Year; Retail Payments Reach 6.4 Billion in FY24
3 min read
The State Bank of Pakistan (SBP) has recently published its payment system review for fiscal year 2024, and the statistics show that the paper-based payment…
SBP is Working on Pakistan’s First Ever Digital Currency
2 min read
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…
Pakistan Announced Fresh Ban On Crypto:But Adoption As A Hedge Remains Popular
3 min read
Aisha Ghaus Pasha, Minister Of State for Finance and Revenue, stated: “Cryptocurrency will never be legalized in Pakistan.” Pakistan’s government has hardened its stance against…
FBR Just Launched a Currency Declaration App for International Travelers
2 min read
Named ‘Pass Track’, the application is designed to facilitate passengers by making currency declaration easier The Federal Board of Revenue, FBR has just launched an…
E-Processing Systems Secures Approval to commence pilot operations as an Electronic Money Institute
2 min read
E-Processing Systems Pvt. Ltd. has been granted approval by the State Bank of Pakistan to launch pilot operations as an Electronic Money Institute (EMI). With…
SBP Allows IT Exporters to Retain 35% Earnings in Foreign Current Accounts
2 min read
“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…
State Bank Encourages Banks to Increase Adoption Of Online Banking by Collaborating with Tech Firms.
4 min read
The Managing Director, Syed Irfan Ali of Deposit Protection Corporation, a department of the State Bank of Pakistan attended and spoke at the 20th annual…
