Pakistan’s Current Account Deficit (CAD) has swelled to reach an all-time high of $18.9 billion in the outgoing financial year… Read More
SBP Plans to Provide Easy Loans for Housing Finance
State Bank of Pakistan (SBP) has designed a policy to enhance the loan size of the banking industry, specifically for… Read More
Pakistan’s Net FDI Grows By 99% in FY18
Pakistan’s net Foreign Direct Investment (FDI) showed a growth of 99 percent in the financial year 2017-18 when compared with… Read More
100% Cash Margins Imposed on SIM Cards, Motorcycles and Other Consumer Goods
State Bank of Pakistan (SBP) has imposed 100% cash margins on more than 130 items being imported from various countries… Read More
Bank Loans to Private Sector Reach Record High in FY18
The banking industry’s credit to private sector reached a record high of Rs 768 billion in the closing financial year… Read More
Economic Growth Targets Set for FY19 Will Be Tougher to Achieve: SBP
State Bank of Pakistan (SBP) indicated that the economy could not sustain the growth rate in the starting financial year… Read More
Penetration Rate for Microfinance in Pakistan Reaches its Highest Ever Level at 30%
Pakistan’s microfinance banking sector has achieved the highest ever penetration rate of 30%, with a marked expansion of operations and… Read More
Banks Start Deducting Up to 3% Tax on Foreign Transactions via Debit/Credit Cards
Banking customers are now embracing the burden of a new tax as commercial banks have started deducting advance tax of… Read More
SBP Asks Islamic Bank to Develop Skill Building Programs for Bankers
In order to meet the increasing demands of competent human resource in the Islamic Banking Industry of Pakistan, the central… Read More
Islamic Banking Industry Reaches in 111 Districts of Pakistan
Islamic Banking Industry has been expanding its operations across the country as it explored 111 districts of Pakistan through setting… Read More
Banks to Give Advance Loans of Upto Rs 1.5 Billion to Exporters for Buying Plants & Machinery
State Bank of Pakistan (SBP) has rolled out guidelines for commercial banks to provide loans of up to Rs. 1.5… Read More
Summit Bank Outlines Backup Plan for its Merger with Sindh Bank
Summit Bank Limited will receive additional funds from a major sponsor, Suroor Investments Limited, to improve its financial standing in… Read More
