With a view to facilitating the public, the federal government upon recommendation of the State Bank of Pakistan (SBP) has… Read More
Central Bank Dubs Price Stability as the Key Objective of SBP Amendment Bill
In its clarification about the controversial State Bank of Pakistan (SBP) Amendment Bill, SBP has stated that the proposed amendment… Read More
Housing and Construction Finance Surged by Record Rs.163 Billion in 2021
Recording an unprecedented growth of 85 percent, banks’ outstanding credit for housing and construction increased to Rs. 355 billion during… Read More
SBP to Add Four New Assets to Sukuk Structure to Generate an Additional Rs. 400 Billion
Four new assets have been added to the transaction structure of Ijara Sukuk by the government in an attempt to… Read More
Tech and IT Companies Allowed to Set Up Digital Bank Under New SBP Framework
The IT, technological, and financial service providers will now be allowed to set up or sponsor a digital bank, as… Read More
National Bank Audit Unearths Rs. 235 Billion Irregularities
The Auditor General of Pakistan (AGP) has unearthed massive irregularities in the National Bank of Pakistan (NBP) from 2012 to… Read More
Banking Sector Assets Surge 20% to Rs. 28.7 Trillion
The assets of the banking sector surged by over 20 percent on a Year-on-Year (YoY) basis to reach Rs. 28.7… Read More
Exchange Companies Can Attract $10 Billion Remittances Per Year
Exchange companies have formally requested the State Bank of Pakistan (SBP) to prohibit banks from forward-booking of US Dollars (USD)… Read More
SBP Unveils New Licensing and Regulatory Framework for Digital Banks
The State Bank of Pakistan (SBP) has introduced a Licensing and Regulatory Framework for Digital Banks in line with international… Read More
SBP Introduces Shariah Compliant Open Market Operations For Islamic Banking
In line with State Bank’s strategic plan to improve Liquidity Management Framework for Islamic Banking industry and enhance the effectiveness… Read More
Pakistani Banks Don’t Care About Customers Because They Don’t Need to
Pakistanis have a love-hate relationship with local banks, and banks themselves don’t care much to properly assist customers (non-government) as… Read More
Standard Chartered Launches Innovative Digital-Banking Solution
Standard Chartered Pakistan announced the launch of its state-of-the-art innovative Digital-Banking solution aimed at elevating client experience by offering enhanced… Read More
