Every year during Ramzan, State Bank of Pakistan launches a service which allows citizens to acquire new currency notes for… Read More
Withholding Tax Collection Drops by 3.5% During 2016-17
A few months ago, the government imposed a higher withholding tax rate (WHT) on all non-cash banking transactions. It resulted… Read More
SBP Amends Exposure Limits for Banks & DFIs
The central bank has announced changes in the banks’ exposure limits though major amendments to prudential regulations. However, a threshold… Read More
SBP Proposes Use of Blockchain for Secure Banking Transactions
The State Bank of Pakistan (SBP) has made a unique proposal asking local banks if they would be willing to… Read More
Govt Could End Special Tax Regime Worth Rs 45 Billion for Banks
Pakistan government is mulling over a decision to withdraw the special tax regime offered to the banking sector. Sources suggest… Read More
Pakistan’s Foreign Exchange Reserves Deplete by $1.61 Billion
Pakistan foreign exchange reserves are falling down speedily, posing questions over the competency of economic managers of the country. More… Read More
Banks Directed To Refund Public Money Under NDRP
State Bank of Pakistan (SBP) directed commercial banks to refund unpaid public money under National Debt Retirement Program (NDRP) which… Read More
Govt is Doubling the Threshold for Banking Transactions of Non-Filers
The federal government has agreed to double the minimum limit for daily banking transactions coming from non-filers. Previously, they were… Read More
Pakistan Govt Puts SME Bank Up For Sale
The Privatization Commission (PC) invited expressions of interest (EoIs) for dispossession of 93.88 per cent government shareholding in Small and… Read More
Not Involved in Money Laundering: SBP
The State Bank of Pakistan (SBP) Tuesday categorically rejected allegations of its involvement in money laundering. The SBP, in a… Read More
CPEC is Upsetting Pakistan’s Balance of Payments: SBP
Predicting an inflation rate that is lower than the set target, the State Bank of Pakistan (SBP) Governor, Ashraf Mahmood… Read More
SBP Investigating The Recent NADRA-Mastercard Agreement
A few days ago, at the World Economic Forum Annual Meeting, Mastercard announced a strategic collaboration with NADRA to optimize electronic… Read More
