The imposition of multiple taxes on the banking sector has increased its tax contribution by 83% in the first half… Read More
Customers Facing Difficulties Due to Disruption in Banking Services [Updated]
Customers of a few banks are facing hardship and inconvenience due to the unavailability of various services, mainly at ATMs… Read More
SBP Asks Banks to Enhance Islamic Banking Footprint From 2023
The State Bank of Pakistan (SBP) has directed commercial banks to enhance their Islamic banking footprint in order to promote… Read More
SBP Relaxes Conditions for Inactive Bank Accounts
The State Bank of Pakistan (SBP) has relaxed the conditions for inactive accounts in its regulated entities (REs) through a… Read More
Floods to Hit Repayment Capacity of Agriculture Borrowers: SBP
The ongoing challenging macroeconomic environment, compounded by torrential rains and flooding, is likely to dent the repayment capacity of banks’… Read More
SBP Working on QR Code for Quick Payments
State Bank of Pakistan (SBP) Governor Jameel Ahmad Wednesday said that the central bank is working on various digital initiatives… Read More
SBP Exploring Potential of Central Bank Digital Currency
The State Bank of Pakistan (SBP) is exploring various options including the introduction of a Central Bank Digital Currency (CBDC).… Read More
Current Account Deficit Shrinks 4th Month in a Row As Imports Fall
The current account deficit fell to $0.57 billion in October 2022 due to continuously decreasing imports of the country. According… Read More
Mutual Funds Record All-Time High Investments
Asset Management Companies continued to attract investment from customers due to various high-profit returns in low-risk funds which caused the… Read More
Telenor Microfinance Bank to Receive $15 Million Capital Injection
Telenor Microfinance Bank will receive a capital injection to the tune of $15 million this month from the sponsors as… Read More
JS Bank Wants to Acquire Majority Stake in BankIslami
JS Bank plans to enhance its shareholding by over 51 percent in BankIslami to attain the status of the majority… Read More
Remittances Drop by Over 9% to $2.2 Billion in October
The inflows of remittances continued the downward trend in the current financial year showing a drop of over 9 percent… Read More
Govt Raises Sukuk Worth Over Rs. 46 Billion Against GT Road
The government of Pakistan has raised funds of Rs. 46.5 billion through Government Ijarah Sukuk (GIS) against the asset identified… Read More
SBP Sets $30,000 Annual Limit on Credit and Debit Cards for Cross-Border Transactions
The State Bank of Pakistan (SBP) has set an annual limit of $30,000 for cross-border transactions through debit/credit cards on… Read More
Pakistan Oilfields Start Oil and Gas Production At Tolanj Ahead of Deadline
Pakistan Oilfields along with partner operators has commenced the production of oil and gas from Tolanj West, Kohat District before… Read More
