State Bank of Pakistan
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…
Digital transactions increase 31% year-on-year during Jan-Mar: SBP
2 min read
E-banking transactions in Pakistan are undeniably on the rise, as exhibited by the State Bank of Pakistan’s Quarterly Payment System Review released on Monday. According…
Pakistan’s foreign exchange reserves rise to $16.4 billion
2 min read
The foreign exchange reserves held by the central bank rose 2.39% on a weekly basis, according to data released by the State Bank of Pakistan…
Housing finance grows by a historic 36%, citizens get Rs.15 billion under “Naya Pakistan” scheme
2 min read
The State Bank of Pakistan announced Tuesday that housing and construction finance has grown by a staggering 36%, setting a historical record. The SBP and…
Pakistan’s foreign exchange reserves jump to US $23.22 billion
2 min read
Pakistan’s foreign exchange reserves stood at the US $23.22 billion as of April 09, 2021, the central bank said on Thursday, an increase of 11%…
Record breaking remittances reach above $2 billion for 10th consecutive month in a row
2 min read
The flow of workers’ remittances into Pakistan continued its record run of going above $2 billion for the 10th consecutive month in March, State Bank announced…
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