Prime Minister Imran Khan has lauded the leading role of the State Bank of Pakistan (SBP) and the efforts of… Read More
SBP Responds to FIA Crackdown on Credit Cards Used for Cryptocurrency Trading
The State Bank of Pakistan (SBP) has stated that the Federal Investigation Agency (FIA) is the appropriate authority to investigate… Read More
Shoaib Mumtaz Assumes Charge as Acting President & CEO of MCB
Shoaib Mumtaz has assumed the charge of Acting President and CEO of MCB Bank Ltd with effect from 21 December… Read More
SBP Takes Extra Measures For Strengthening Foreign Exchange Transactions
In order to enhance documentation and transparency and to further strengthen the foreign exchange regulatory regime, the State Bank of… Read More
SBP Makes Use of Banking Channels Mandatory for Exporters to Afghanistan and CARs
The State Bank of Pakistan (SBP) has withdrawn facilities for exporters of Afghanistan and Central Asian Republics (CARs) in response… Read More
SBP Launches Asaan Mobile Account
The State Bank of Pakistan (SBP) launched a new initiative, Asaan Mobile Account (AMA), under the National Financial Inclusion Strategy,… Read More
Microfinance Banks Are Struggling to Recover Loans
A majority of microfinance banks are struggling to recover loans of significant value after the Covid-19 pandemic and lockdowns hit… Read More
Finance Advisor’s Spokesman Dispels Rumors Surrounding SBP’s Autonomy
Spokesman for Advisor to Prime Minister on Finance and Revenue, Muzammil Aslam, has dispelled rumors surrounding the issue of granting… Read More
MCB Bank Appoints Shoaib Mumtaz As Acting President
MCB Bank Ltd has appointed Shoaib Mumtaz as Acting President and CEO. The man who has been associated with MCB… Read More
Bank Deposits Grow by 13% to Rs. 19.34 Trillion
The deposits of the scheduled banks rose by 13.2 percent during the first 10 months (January to October) of 2021,… Read More
Hackers Steal Rs 5.8 Million From NBP ATM
Hackers have stolen more than Rs. 5.8 million cash from an ATM of a branch of the National Bank of… Read More
State Bank Reduces Age Bracket for Bank CEOs and Presidents
The State Bank of Pakistan (SBP) has revised the age criteria for chief executive officers (CEOs) and presidents of banks… Read More
