In order to boost the scale of Small and Medium Enterprises (SMEs), banks have been pushed to advance loans to… Read More
Rs. 2.5 Billion Released for Prime Minister’s Export Incentives Package
The government has released Rs. 2.5 billion for the implementation of “Prime Minister’s Export Incentives Package” bringing the total to… Read More
Banks to Remain Closed for Public on January 1st 2018
The State Bank of Pakistan (SBP) will observe 1st January 2018 as a bank holiday and it will remain shut… Read More
Branchless Banks Asked to Give Rs. 100 of Mobile Balance on Remittances
State Bank of Pakistan (SBP) has asked branchless banking (BB) players to give free airtime of Rs. 100 to their… Read More
PM Launches Home Remittances & SME Financing Schemes
Prime Minister Shahid Khaqan Abbasi has launched a promotion scheme of home remittances through m-wallet accounts, as part of the… Read More
State Bank Completely Misses Targets for Treasury Bills Auction
Banks are reluctant to lend the government for the long term. They are anticipating a higher interest rate as after… Read More
Pakistan’s Current Account Deficit Crosses $6 Billion in 5 Months
Pakistan’s current account deficit (CAD) has reached a record high level, by crossing $6 billion in a short span of… Read More
Former Finance Minister Hafeez Pasha Hints at Worsening Economic Conditions
Former finance minister Hafeez Pasha expressed concerns regarding the possible influence of International Monetary Fund (IMF) on the China-Pak Economic… Read More
Pakistan’s Forex Reserves Enhance by $2 Billion
Pakistan’s foreign exchange reserves have enhanced by $2 billion due to the inflows received from foreign bonds and Sukuk in… 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 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 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
