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
Pakistan Foreign Exchange Reserves Decline by $219m
The country’s foreign exchange reserves held by the central bank decreased by $219 million during the week ending on October… Read More
SBP Will Order Banks to Collect Biometric Data of All Account Holders
State Bank of Pakistan (SBP) is planning to order commercial and Islamic banks to collect biometric data of all their… Read More
Remittances Sent by Oversees Pakistanis Register 13.15pc Growth in 1QFY’18
The remittances sent by overseas Pakistanis in the first three months of the Fiscal Year (FY) 2018-19 registered a healthy… Read More
IMF Recommends Devaluing Rupee and Increasing Interest Rate
The International Monetary Fund (IMF) has termed Pakistan’s current interest rate of 8.5 percent as insufficient, suggesting to raise it… Read More
17 Banks Commit to Biometric Interoperability through 1LINK 1ID
A ceremony was organized at LRC, State Bank of Pakistan (SBP) on Wednesday, 26th September 2018, to recognize 17 Banks… Read More
Pakistan is Considering a Record $12 Billion Bailout Package from IMF: Report
According to a recent report by Financial Times, Pakistan is planning to seek its biggest ever bailout from the International… Read More
Rupee to Depreciate Further Unless Current Account Deficit Improves
Pakistan exchange rate has been depreciating in the interbank and open market. Experts say that this trend may continue till… Read More
Pakistan Asks China for More Loans to Avoid Foreign Currency Crisis
Pakistan has asked China to keep lending it money to prevent a foreign currency crisis, warning that Beijing’s planned $60bn… Read More
JazzCash to Assist NBP in its Service of Excise and Taxation Dept.
A signing ceremony between JazzCash, National Bank of Pakistan and Excise & Taxation Department, Government of Balochistan took place in… Read More