State Bank of Pakistan (SBP) and the Central Bank of Iran (CBI) are expected to sign an agreement next week… Read More
Silk Bank Posts Over Rs. 1 Billion Profits During Current Fiscal Year
The Gourmet Group will be injecting an additional Rs. 2 billion in Silk Bank. The cash injection is in keeping with… Read More
SBP Issues Warning to Banks Not Accepting Old US Currency Notes
The State Bank of Pakistan has warned banks and money exchange companies to accept older and smaller US dollar notes… Read More
Pakistani Workers in Gulf Countries Are Being Replaced by Indians & Bengalis
The State Bank of Pakistan, in an announcement last week, reported a fall in remittances during the first seven months… 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
Pakistan To Get $600 Million Loan From China
Pakistan has opted to get a $600 million loan from China to lift its decreasing financial reserves. The reserves have… 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
Investors at National Savings Can Now Withdraw Profits Via Bank Accounts
Investors of National Savings can now withdraw their monthly profits from their bank accounts rather than visiting National Saving Centers.… Read More
Branchless Banking Has Overtaken Commercial Banks: SBP
Yesterday on Thursday, the State Bank of Pakistan (SBP) advised conventional banks to re-design their strategy if they want to… Read More
Mandatory for Banks To List All Written Off Loans: SBP
The State Bank of Pakistan (SBP) on Wednesday mentioned a few things regarding the topic of written-off loans, stating that… Read More
