Late sitting culture at banks without financial compensation need to be stopped: State Bank of Pakistan.… Read More
SBP Rolls Out Guidelines for Banks’ Call Centers
State Bank of Pakistan (SBP) has restricted commercial banks not to market their products and services via calls made by… Read More
Islamic Long Term Financing Facility of Upto Rs. 2 Billion Launched for Exporters
In order to provide Shariah compliant alternative of conventional Long Term Financing Facility (LTFF) to meet long awaited demand of… Read More
Currency Notes With Bajwa’s Signature to be Issued From Tomorrow
State bank reported that all new banknotes will be signed by Governer Tariq Bajwa from tomorrow onwards.… Read More
SBP Asks Banks To Ensure Agri Credit Target of Rs. 1 Trillion in FY18
The State Bank of Pakistan (SBP) has directed banks to make sure that their respective targets, along with industry target… Read More
Profit Repatriation Higher Than FDI Inflows in Pakistan in H1 FY 17-18
Multinational Companies and investors sent back $1.202 billion to their home countries from Pakistan during first half of FY 17-18.… Read More
USA Remains Second Major Investor in Pakistan After China
With the ongoing political unrest between USA and Pakistan, investment inflows from the former continue to come in Pakistan. Investments… Read More
SBP Takes Back Its Decision Which Caused Dollar’s Value to Rise in Open Market
In order to contain the pressure on the recent depreciation of Rupee against the Dollar, State Bank of Pakistan has… Read More
Dollar Prices Rise Again in the Open Market
Dollar shortage in the open market caused panic among the buyers.… Read More
Pakistan Makes its First Electronic Islamic Banking Transaction Through PMEX
Pakistan Mercantile Exchange Limited (PMEX), the country’s only multi-commodity futures exchange, has facilitated Pakistan’s first electronic Murabaha transaction, which in… 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