Some of the top profitable banks of Pakistan have been put up for sale, despite showing signs of healthy growth.… Read More
Moody’s Appreciates SBP’s Move to Ban Cryptocurrencies in Pakistan
Moody’s, in a recent research report, stated that State Bank of Pakistan (SBP) prohibits banks from dealing in virtual currencies,… Read More
Govt to Set Up a Central Database of Ministries and Commissions
The government is planning to make databases for various ministries and commissions inter-compatible with each other. New cloud-computing facilities will… Read More
Decision Regarding KASB Bank Taken on Legally Sound Grounds Despite AGP’s Observations: SBP
The State Bank of Pakistan (SBP) restated that the decision concerning defunct KASB Bank has been taken on merit and… Read More
Govt to Set Up a $75 Million Fund for Giving Loans to Entrepreneurs
The government is setting up a $75 million fund for startups. The amount will be reserved for loans only and… Read More
Bank Islami and KASB Bank Merger Cost Rs. 3.5 Billion Loss to Pakistan: AGP Report
Auditor General of Pakistan (AGP) office has once again raised concerns about the shady deal between Bank Islami and KASB… Read More
Soneri Bank to Raise Rs. 4 Billion in Additional Tier 1 Capital
Soneri Bank is going to raise Rs. 4 billion Additional Tier 1 Capital, as redeemable capital, for meeting Basel III… Read More
State Bank’s Forex Reserves Drop to An Alarming Level
Pakistan’s foreign exchange reserves continue to deplete unabated, dropping to under $18 billion – an alarming situation for the economy.… Read More
State Bank Launches Its Official Facebook Page
The State Bank of Pakistan (SBP) formally launched its official Facebook page on March 23, 2018 on the auspicious occasion… Read More
SBP Denies Rumors of Issuing Rs. 10,000 Currency Notes
The State Bank of Pakistan has categorically denied rumors that it is going to issue Rs. 10,000 banknotes. In a… Read More
SBP Issues a Statement on Recent Devaluation of Rupee
The PKR-US$ exchange rate in the interbank market closed at PKR 115 per US$ yesterday and witnessed an intraday high… Read More
SBP and FBR Launch Online Payment Option for Taxes and Duties
FBR and SBP have launched online/ATM payment solution that can be used to pay taxes and file the returns.… Read More