On Thursday, the State Bank of Pakistan (SBP) announced comprehensive instructions for streamlining access to bank accounts for overseas Pakistanis.… Read More
Another Bailout: UAE to Deposit $3 Billion in State Bank of Pakistan
The UAE, on Friday, officially announced to deposit $3 billion dollars in the central bank of Pakistan to support Pakistan… Read More
Pakistan Foreign Exchange Reserves Decline by $560 Million
Pakistan’s foreign exchange reserves declined further by $560 million during the previous week. An announcement of State Bank of Pakistan (SBP)… Read More
Sheikh Rasheed Comes Out in Defence of Finance Minister Asad Umar
Federal Minister for Railways Sheikh Rasheed Ahmed has come out in defence of Finance Minister Asad Umar, who has been… Read More
Asad Umar Claims All Economic Indicators Are Now Positive
Finance Minister Asad Umar on Tuesday attempted to sooth the unnerved investors, reassuring that the balance of payment issue for… Read More
SBP Raises Key Interest Rate To 10%
State Bank of Pakistan (SBP) has made a steep increase in the policy rates by 150 basis points that raised… Read More
SBP-BSC, NPB Branches to Remain Open for Extended Period on Friday
The selected branches of National Bank of Pakistan and filed offices of State Bank of Pakistan’s (SBP) will remained open… Read More
Banks to Compensate Online Fraud Victims Within 48 Hours
All commercial bank shall compensate their customers within two (02) business days in case of a financial loss to them… Read More
SBP Formulates a Security Plan to Prevent Online Fraud
In order to safeguard banks and their customers from potential losses due to cyber-crimes and online banking frauds, the central… Read More
Pakistani Banks Discourage Customers to Invest in Profitable Accounts: Study
The banking industry in Pakistan has its own way of dealing with customers, under a seemingly tough regulator overseeing its… Read More
SBP Declares Digital Currencies, Tokens, Coins Illegal
State Bank of Pakistan has declared the digital currencies, tokens and coins as illegal, advising all concerned and general public… Read More
SBP Asks Banks to Fire Executives Involved in Corruption
State Bank of Pakistan (SBP) has ordered all financial institutions to fire all C-level executives of the top management and… Read More