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
Profitability for Islamic Banking Rises, Declines for Conventional Banking
Amidst prevailing low interest rates and with interest-based banks witnessing a double-digit decline in profitability, Sharia-based banks and banking divisions… Read More
SBP to Set Up a Rs 200 Million e-Payment Gateway Solution
A report issued by Pakistan Telecommunication Authority (PTA) has revealed that State Bank of Pakistan (SBP) is establishing an e-payment… Read More
SBP Allows Banks To Open Asaan Account For Remittances
In an effort to promote use of bank accounts and remittance transactions through the banking system, State Bank of Pakistan… Read More
SBP Plans to Increase Credit to SME Sector to Rs. 1 Trillion
State Bank of Pakistan (SBP) is gearing up to launch a new initiative to increase finance supply for Small and… Read More
SBP Orders Banks to Use New Technologies After Recent ATM Hacking Scandal
Hundreds of bank accounts were hacked recently through ATM skimming and around Rs 10 million rupees were stolen through various… Read More
ADB to Offer $2 Billion Per Year to Pakistan Under CAREC 2030 Strategy
Asian Development Bank (ADB)’s new pipeline for 2018 to 2020 includes about $2 billion per year in assistance for Pakistan,… Read More
Number of Branchless Banking Agents Crosses 400,000 in Pakistan
The number of branchless banking agents continued to surge throughout the country and crossed 0.4 million at end of July,… Read More
How Your ATM Cards are Hacked in Pakistan & How to Stay Safe [Guide]
ATM hacking incidents have been in the news in Pakistan these days as hundreds of ATM card holders found their… Read More
