The State Bank of Pakistan (SBP) confessed that even with current reforms, the financial sector and policy makers continue to… Read More
HBL Disburses First Ever Loans to Farmers With Crop As Collateral
Under an effort put together by non-profit Pakistan Agricultural Coalition (PAC), the first-ever loans by a leading Pakistani bank to… Read More
Banks Deposits Reach All-Time High at Rs 11.9 Trillion
Public money is pouring into the banking system quite significantly as the deposits of the industry have reached an all-time… Read More
MCB Bank and Virtual University Sign MoU for Strategic Collaboration
MCB Bank, one of the largest & most innovative banks in Pakistan, has entered into a strategic collaboration & agreement… Read More
Rs. 14 Billion Approved for Telecom & Internet Facilities In Far Flung Areas
The Universal Service Fund Company’s (USF Co.) Board of Directors approved Rs 14 billion annual budget for financial year 2017-2018… Read More
SBP Guidelines Explain How Banks Can Convert Operations to Islamic Mode
State Bank of Pakistan (SBP) has issued detailed guidelines for conversion of a conventional bank into an Islamic bank in… Read More
NIB Bank Is No More
NIB Bank is no more in the banking industry in Pakistan as the central bank has ceased its operations and… Read More
Tariq Bajwa Appointed As the New SBP Governor
The federal government has announced Tariq Bajwa as the new governor of the State Bank of Pakistan (SBP). Tariq Bajwa,… Read More
SBP Notifies 10 Banks as Primary Dealers of Govt Securities
The central bank has selected ten banks and one financial institution as Primary Dealers of Government Securities (PIB & MTB)… Read More
State Bank Gets In-House Facility for Printing Currency Notes, Prize Bonds
The State Bank of Pakistan (SBP) has acquired the bank-notes and prize bonds printing functions of Pakistan Security Printing Corporation… Read More
Pakistani Rupee Depreciates 3.1% to Reach 108.25 Against Dollar
The PKR-USD exchange rate in the interbank market has depreciated by 3.1 percent from Rs 104.90 per US$ yesterday to… Read More
Pakistan’s First Digital Saving Center Launched
The innovation in the financial sector is on the rise as country’s first ever Digital Saving Center has been launched… Read More
