Pakistan’s agriculture sector is understood to be the backbone of the country’s economy, but data suggests small-scale farmers may be… Read More
Moody’s Downgrades Ratings of 5 Pakistani Banks
Moody’s Investors Service (“Moody’s”) has downgraded the long-term deposit ratings to Caa1 from B3 of five Pakistani banks: Allied Bank… Read More
Fake Banknotes Suppliers Arrested in Karachi
The Karachi police arrested a gang involved in circulating counterfeit currency notes in the provincial capital’s markets on Thursday. The… Read More
SBP About to Complete Probe Into Banks Involved in Dollar Manipulation
State Bank of Pakistan (SBP) is close to completing its investigations of eight banks that were allegedly involved in the… Read More
JS Bank Gets Nod to Acquire Additional 7.7% Stake in BankIslami
The State Bank of Pakistan (SBP) has granted approval to JS Bank for acquiring a 7.7 percent shareholding in BankIslami… Read More
Chinese IPPs to Get a Revolving Account for Regular Payments
The federal government has decided to re-submit a summary for opening a revolving account for the Chinese independent power producers… Read More
SBP Likely to Keep Policy Rate Unchanged at 15%
The State Bank of Pakistan (SBP) will most likely keep the policy rate unchanged at 15 percent. The Monetary Policy… Read More
EXIM Bank Receives Go-Ahead to Kick Off Operations in a Week
The Export Import (EXIM) Bank of Pakistan has been given a go-ahead signal to commence its formal operation to facilitate… Read More
HBL in Hot Waters for Allegedly ‘Aiding’ Terrorist Attacks
Habib Bank Limited (HBL) was unable to refute allegations that it assisted and abetted al-Qaeda terrorism and participated in a… Read More
PSA: Public Should Avoid Disclosing Personal Info on Calls And Messages
State Bank of Pakistan (SBP) and Pakistan Banks Association (PBA) have been continuously advising the general public through consumer awareness… Read More
SBP Steps Up to Record Forex Transactions Via Formal Channels
In order to further enhance transparency and promote documentation in the foreign exchange transactions, State Bank of Pakistan has advised… Read More
ZTBL Introduces Fastest Loan Approving Application for Rural Areas
Zarai Taraqiati Bank Limited has introduced the fast loan-approving application. The app would approve loans on the spot using an… Read More
