Banks are reluctant to lend the government for the long term. They are anticipating a higher interest rate as after… Read More
ADB Appreciates Pakistan’s Improved Credit Rating
Asian Development Bank (ADB) on Tuesday offered Pakistan its technical assistance to turn around loss-making public sector’s entities. Pakistan’s credit… Read More
Rupee’s Current Value Against Dollar is Fair: Governor SBP
The Governor for State Bank Pakistan (SBP) Tariq Bajwa, following a meeting of National Assembly Standing Committee on Finance, has… Read More
UBL Inaugurates Pakistan’s First-Ever Digital Lab
UBL inaugurated Pakistan’s first-ever Digital Lab at a ceremony held in Karachi. The lab, which was built in collaboration with… Read More
Only 12% ATMs Have Biometric Technology in Pakistan
Pakistan’s banking industry has been expanding its operations gradually across the country but its growth is limited when it comes… Read More
Pakistan’s Forex Reserves Enhance by $2 Billion
Pakistan’s foreign exchange reserves have enhanced by $2 billion due to the inflows received from foreign bonds and Sukuk in… Read More
WorldRemit Users Can Now Send Remittances to Bank al Habib in Pakistan
Money transfer service WorldRemit has joined forces with Bank AL Habib to support the increasing demand for money transfers to Pakistan. WorldRemit customers can… Read More
MCB Arif Habib Savings Becomes First PayPak Affiliate Member
MCB-Arif Habib Savings and Investments Limited (MCB-AH) has signed an agreement with 1LINK (Guarantee) Limited (1LINK) which will result in… Read More
SBP Announces Time Saving Incentive For Exporters
In the wake of successful implementation of Electronic Form-E (EFE) module in WeBOC, the central bank allowed exporters to directly… Read More
SBP Backs the Devaluation of Pakistani Rupee
Hinting that the rupee can devalue even further, State Bank of Pakistan (SBP) says that it supports the devaluation of… Read More
SBP to Upgrade Its Core Banking System
State Bank of Pakistan is upgrading its core banking system from Globus to T24R15 by Temenos. The Temenos core banking platform has been the… Read More
SBP Asks Banks to Speed Up Adoption of PayPak Cards
Deputy Governor, State Bank of Pakistan, Jameel Ahmad, has emphasized the need for the adoption of domestic payment scheme, PayPak… Read More
