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Banks
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…
SBP refutes reports of emergency MPC meeting
KARACHI: September 1: The State Bank of Pakistan (SBP) on Friday refuted some media reports saying the reports of holding an emergency meeting of the MPC are baseless. The reports making rounds in media about holding of an emergency meeting…
Faysal Bank announces strong financial results for first half of ,2023
Islamabad: August 24, 2023: Faysal Bank Limited, one of the prominent Islamic banks in Pakistan, has shown stellar performance in the first half of the year, reflecting its robust business fundamentals as well as prudent risk…
SBP issues Rs 75 commratative coin to mark 75 years of Pak-US relations
KARACHI: August 25, 2023: The State Bank of Pakistan (SBP) issued a commemorative coin of 75 rupees during a ceremony held in
Islamabad on Thursday to mark the 75th anniversary of the establishment of diplomatic relations
between Pakistan…
SBP keeps policy rate unchanged at 22 % to benefit “East India Company”
KARACHI: July 31: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday decided to keep the policy rate
unchanged at 22 percent.
The committee vehemently ignored call of Pakistan's traders and…
SBP sets to announce new monetary policy on Monday
KARACHI: July 27, 2023: The State Bank of Pakistan on Thursday said it is going to announce the new monetary policy on July 31. SBP had maintained the current rate of interest of 21 % in its last announcement. Since SBP will be cautious of…
SBP permits exchange firms to import USD through cargo/ security companies
KARACHI : July 25,2023: A State Bank of Pakistan (SBP) notification issued on Tuesday said "Attention of Exchange Companies is invited towards the instructions contained in Chapter 5 of Exchange Companies Manual (ECM), in terms of which…
FBL appoints Mian Younis as chairman board of directors
Islamabad; July 17,2023 - Mian Mohammad Younis has been appointed as the Chairman of the Board of Directors Faysal Bank Limited, in its board meeting held on July 17, 2023.
With the professional career spanning over four decades in…
