With the announcement of Abu Dhabi Fund for Development last week, that it will deposit $3 billion in the State… Read More
SBP Orders Installation of CCTV Cameras at Exchange Companies to Curb Money Laundering
The State Bank of Pakistan (SBP) is planning to tighten the monitoring of exchange companies through CCTV cameras in order… 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
Is Pakistan Ready for a Data Breach?
By Khurram Zia Khan In a major cyber-attack on a Pakistani bank a few weeks ago, hackers made off with… Read More
SBP Sets Up Helpline for Banks’ Customers Falling Victims to Fraud Phone Calls
In order to counter the rampant fraud calls within the banking industry, the State Bank of Pakistan (SBP) has set up… Read More
Overseas Pakistanis Send Record $2 Billion in Remittances in October
The recent measures by the government to enhance remittances inflows seem to start working, as the foreign exchange remitted in October… Read More
FIA Official Says Data of ‘Almost All Pakistani Banks’ Was Hacked
The recent cyber-attack on Bank Islamic has a rippling effect on the baking system of the country with at least… Read More
E-banking Transactions Reach Rs. 47.4 Trillion in FY2018
Transactions performed through e-Banking channels like ATMs, mobile phone banking, real-time online banking (RTOB), POS, and internet banking totaled 765.5… Read More
Pakistan Foreign Exchange Reserves Decrease Further by $48 Million
The country foreign exchange reserves held by the central bank fell further by $48 million in the week ending on… Read More
