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Banks
Saudi Arabia extend $3 billion deposit for one year : SBP
Karachi. Nov 29 : The Saudi Fund for Development (SFD) on behalf of the Kingdom of Saudi Arabia has extended the term
for the deposit of USD 3 billion maturing on 05 December 2023 for another one year, announced SBP here on Wednesday ..…
SBP governor unveils strategic plan for 2023 – 2028
KARACHI: Nov 17 : The State Bank of Pakistan (SBP) governor , Mr. Jameel Ahmad, launched SBP’s strategic plan,
SBP Vision 2028, for the period 2023-2028 in a ceremony held today at SBP Karachi, which was attended by the senior management…
SBP allows ASA microfinance Bank Limited to commence nationwide operation
KARACHI : November 14, 2023 : The State Bank of Pakistan (SBP) has allowed ASA Microfinance Bank Limited to commence its operations nationwide from November 13, 2023.
ASA Microfinance Bank (Pakistan) Limited, licensed by SBP under the…
Workers remittances grow by 11.5 % in October
KARACHI: Nov 10 : The workers’ remittances recorded an inflow of US$2.5 billion during Oct 23, says a State Bank of Pakistan (SBP) issued here on Friday.
The SBP said In terms of growth, during Oct 2023, remittances increased by 11.5…
SBP removes bar of half yearly reporting for banks other RIs
KARACHI : Oct 16: In a bid to ease reporting pressure for the banks , financial institutions, the State Bank of Pakistan (SBP) has discontinued submission of half yearly returns with immediate effect. The central bank in its notification…
Pakistan undertake much-needed structural reforms: SBP chief
KARACHI : Oct 13: Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad, met key international investors during
events organized by global banks, including Barclays, JP Morgan, Standard Bank, and Jefferies on the
sidelines of the…
Dr Shamshad meets Moroccan Governor central bank
Morocco: 11th October, 2023. Federal Minister for Finance, Revenue, & Economic Affairs, Dr. Shamshad Akhtar, held a meeting with the Governor of the Central Bank of Morocco on Monday, as part of her official visit to Morocco in…
Bank deposits are perfectly safe, SBP
KARACHI : Oct 5 : The State Bank (SBP) on Thursday said certain sections of the media, on the basis of a statement given by Deputy Governor of SBP, Dr. Inayat Hussain , during the meeting of Senate Standing Committee on Finance and…
Digital transactions sustained its growth in FY 2023 : SBP
KARACHI: Sept 28: An annual payment systems review for the fiscal year 2022-23 is released today by the State Bank of
Pakistan (SBP). The review presents growth and trends in banking transactions accompanied by the
usage of payment…
Banks to remain closed on Sept 29
KARACHI: Sept 22 : The State Bank of Pakistan will remain closed on September 29, 2023 (Friday) being public holiday
on the occasion of Eid Milad-un-Nabi (12th Rabi-ul-Awal, 1445 A.H). The banks will also remain closed on September 29 to…
