After the announcement was made regarding the implementation of withholding tax on transactions on Rs. 50,000/- or more for non-filers, official… Read More
State Bank Orders Recording of All Transactions in Foreign Currency Accounts
To curb money laundering and keep an eye on foreign accounts, the State Bank of Pakistan (SBP) has directed all… Read More
FDI Remains Dismal in Telecom Sector: SBP Data
Foreign Direct Investment (FDI) in telecom sector remains pathetic as cellular operators are mostly reluctant to invest in Pakistan’s market… Read More
SBP Unveils Official App to Detect Fake Currency Notes
In a detailed report on Oct 2015, the State Bank of Pakistan warned Pakistani citizens about the presence of fake… Read More
SBP is Not Working on Any New Design for Currency Notes in Pakistan
There have been a lot of rumors that State Bank of Pakistan (SBP) is working on designing new currency notes.… Read More
SBP Directs Commercial Banks to Set Up Cash Processing Centers
Banks shall establish specialized ‘Cash Processing Centers (CPC)’ having state of the art cash processing machines and storage facilities on… Read More
State Bank of Pakistan Launches its Official Twitter Account
State Bank of Pakistan has developed its official twitter account to post all relevant updated information. Governor SBP Ashraf Mahmood… Read More
Wateen to Offer Managed VSAT Services to State Bank of Pakistan
Wateen today announced that it has been awarded a three year Managed Services contract by the State Bank of Pakistan… Read More
SBP Issues Licence to U Microfinance Bank
Ufone has been granted licence to operate national wide U Microfinance Bank (formerly Rozgar Microfinance Bank Limited) by State Bank… Read More
PTA Signs MoU with SBP For Promoting Mobile Banking in Pakistan
Pakistan Telecommunication Authority (PTA) & State Bank of Pakistan have jointly signed a Memorandum of Understanding (MoU) to formalize cooperation… Read More
Annual eBanking Conference: SBP’s Guidlines to Eradicate eBanking Frauds
The State Bank of Pakistan is closely monitoring the rising cases of e-banking frauds and it will issue necessary guidelines… Read More
FDI by Telco’s Drop by 39%; Profits Sent Back Home up by 10% in 1st Half 2010-11
Telecom operators seem cautious to tighten their belts for Capital Expenditures (Capex) and Operational Expenditures (Opex) in Pakistan as Foreign… Read More
