The Governor of the State Bank of Pakistan, Tariq Bajwa, in his much-awaited press meeting stated that currently the rupee’s… Read More
SBP to Upgrade Its Core Banking System
State Bank of Pakistan is upgrading its core banking system from Globus to T24R15 by Temenos. The Temenos core banking platform has been the… Read More
Rupee Suddenly Devalues Against US Dollar
Pakistani Rupee is under pressure and has lost its value by up to Rs. 4.50 per dollar in the interbank… Read More
SBP to Set Up a Rs 200 Million e-Payment Gateway Solution
A report issued by Pakistan Telecommunication Authority (PTA) has revealed that State Bank of Pakistan (SBP) is establishing an e-payment… Read More
SBP Allows Banks To Open Asaan Account For Remittances
In an effort to promote use of bank accounts and remittance transactions through the banking system, State Bank of Pakistan… Read More
SBP Plans to Increase Credit to SME Sector to Rs. 1 Trillion
State Bank of Pakistan (SBP) is gearing up to launch a new initiative to increase finance supply for Small and… Read More
Bank Lending to Private Sector On The Rise
The stable policy and interest rates coupled with growth in businesses have increased the banks loan portfolio to the private… Read More
Banks Investments in Govt Papers Surge By Rs. 1 Trillion in 2017
The commercial banks’ reliance on government papers/securities for making investment and securing safe returns is continuing, as an amount of… Read More
SMEs Can Play a Major Role in Pakistan’s Development
Small and Medium Enterprise (SME) can play a major role in development of Pakistan, but due to a lack of… Read More
SBP Optimistic to Achieve GDP Target As Policy Rate Remains At 5.75%
The Monetary Policy Committee of State Bank of Pakistan (SBP) has decided to keep the policy rate at 5.75% for… Read More
Branchless Banking Companies Show Record Growth in Recent Quarter
The efforts of marketing and sales departments of branchless banking companies reaped massive benefits as they witnessed a handsome season.… Read More
SBP Planning to Enhance & Digitize the Domestic Banking Sector
State Bank of Pakistan (SBP) plans to transform the domestic banking sector into an advanced, digitized, convenient and risk-free financial… Read More
