Fintech operators with innovative services continue to thrive, including sustainability in the expansion of business on the ground and on… Read More
Here’s What Happened in Pakistan’s Microfinance Sector in 2023
The microfinance sector in Pakistan maintained a recovery mode from losses to profitability as major banks suffered huge losses after… Read More
SBP Issues Draft Guidelines for Regulatory Sandboxes
As part of its 5-year strategic plans, the State Bank of Pakistan (SBP) initiated its efforts to set up regulatory… Read More
SBP Plans to Build Regulatory Sandboxes and Innovation Offices
In order to promote digital banking and technological solutions in the banking and financial sector, the State Bank of Pakistan… Read More
Egyptian Digital Payment Provider to Acquire Advans Pakistan Microfinance Bank
MNT Halan, Egypt’s leading fintech player, is all set to acquire the operations of Advans Microfinance Bank as the State… Read More
SBP Forecasts GDP Growth Rate to Settle Between 2 to 3% in FY24
The State Bank of Pakistan (SBP) has projected that the GDP growth rate will settle between 2 and 3 percent… Read More
Bank Deposits Surge to Rs. 26.3 Trillion in September 2023
The deposits of the banking sector showed persistent growth of 15 percent year-on-year (YoY), clocking in at Rs. 26.3 trillion,… Read More
Pakistan’s Remittances May Hit $50 Billion This Year, Claims Envoy
Pakistan has the potential to attract remittances of up to $50 billion this year after the government’s measures to streamline… Read More
EMIs Open Over 47,000 Accounts for Freelancers: SBP
Electronic Money Institutions (EMIs) opened approximately 47,000 freelancer e-wallet accounts and onboarded 4,956 micro-retail merchants since the beginning of their… Read More
Foreign Direct Investment Up by 16% in First 2 Months of FY24
The Foreign Direct Investment (FDI) in the country rose by 16 percent during the first two months of this fiscal… Read More
SBP To Award 5 In Principle Approvals For Digital Banks in September
State Bank of Pakistan (SBP) is likely to award the in-principle approvals in the next few weeks to newly constituted… Read More
Careem Withdraws EMI License From SBP
Careem Payment Solutions has withdrawn its license of Electronic Money Institution (EMI) from the State Bank of Pakistan (SBP), according… Read More
