The management of the Soneri Bank has planned to raise funds to the tune of Rs. 4 billion through a… Read More
Allied Bank Partners With Haball for Digitalization of B2B Payments in Pakistan
Allied Bank (ABL) and Haball have signed an agreement to digitalize supply chain payments in a ceremony held at Innovation… Read More
State Bank Discourages Dollar Trade as PKR Posts Worst Weekly Drop Since 1998
The State Bank of Pakistan (SBP) has discouraged interbank trading as the shortage of US dollar currency notes has pushed… Read More
Pakistan’s External Financing Needs for FY23 Fully Met: SBP Governor
Acting Governor State Bank of Pakistan (SBP) Dr. Murtaza Syed said Pakistan’s $33.5 billion external financing needs were fully met… Read More
SBP Raises Interest Rate by 1.25%
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Thursday raised the policy rate by 125 basis points… Read More
SBP Extends Online Portal to Verify Cases for Financial Institutions
To promote digitalization and encourage eco-friendly practices, the State Bank of Pakistan (SBP) has developed an online portal called SBP… Read More
PM Shehbaz Directs Authorities to Enable Online Govt Payments for Citizens Via NBP
Citizens will soon be able to make most of their government payments online via the National Bank of Pakistan (NBP)… Read More
Angry Customers Switch to Islamic Banks to Protest Against Riba Case
A section of emotionally-charged customers is switching their bank accounts to Islamic banks from four banks including HBL, UBL, NBP,… Read More
SBP Launches Farmers’ Financial Literacy & Awareness Promotion Online
The State Bank of Pakistan (SBP) has launched a series of videos in national and regional languages about agriculture financing… Read More
Bank of Punjab to Raise Rs. 10 Billion Through Term Finance Certificate
Bank of Punjab has structured a Term Finance Certificate to raise Rs. 10 billion mainly for meeting the additional requirement… Read More
SBP and NBP to Keep Authorized Branches Open on 29 & 30 June
It has been decided that the field offices of the State Bank of Pakistan’s (SBP) Banking Services Corporation and the… Read More
SBP and Four Other Banks File Review Petition on Riba Case
In an expected move, the banking regulator along with four commercial banks—United Bank Limited, Allied Bank Limited, MCB Bank, and… Read More
