Domestic debt up by Rs2.5tr in six months The central government’s total debt increased to Rs71.647tr during 1HFY25 from Rs68.914tr on June 30, 2024. KARACHI ( WEB NEWS ) The federal government’s domestic debt surged by Rs2.5 trillion in the first half of the current fiscal year despite significant supportRead More →
Promote Agriculture Loans Based on Technology and Aligned with the Banking Environment: Governor State Bank Multan ( Web News ) A meeting of the Agricultural Credit Advisory Committee (ACAC) was held in Multan under the auspices of the State Bank of Pakistan, reaffirming the commitment to boost growth in Pakistan’sRead More →
Visa (NYSE: V), a world leader in digital payments hosted its inaugural market focused client event – Visa Connect Karachi Karachi ( Web News ) Visa (NYSE: V), a world leader in digital payments hosted its inaugural market focused client event – Visa Connect Karachi – last week. AttendedRead More →
PTCL Introduces Industry-First WhatsApp-Based Bill Payment Solution in Pakistan ISLAMABAD ( WEB NEWS ) Pakistan Telecommunication Company Limited (PTCL), the country’s largest ICT services provider, has partnered with PayFast, a State Bank of Pakistan-licensed Payment Service Provider (PSP), to launch for the first time an innovative bill payment solution viaRead More →
Islamabad, 21 January 2025: Mastercard has once again collaborated with foodpanda, a Delivery Hero-owned online food and grocery delivery platform, to boost digital payment in Pakistan and support the nation’s transition toward a cashless economy. This collaboration with one of Pakistan’s leading delivery platforms underscores Mastercard’s commitment to advancing financial inclusion andRead More →
The State Bank of Pakistan has released details regarding the federal government’s debt from 2008 to November 2024. KARACHI ( WEB NEWS ) According to the State Bank of Pakistan, the federal government took a loan of 1,252 billion rupees in November 2024, bringing the total debt to 70,366 billionRead More →
Agreement Between Bank of Azad Jammu and Kashmir and Faisal Bank to Provide International Banking Account Numbers to Customers Regarding the issue of providing International Banking Account Numbers (IBANs) to customers, an agreement with Faisal Bank was deemed essential, said the spokesperson of the Bank of Azad Jammu and KashmirRead More →
State Bank of Pakistan cuts key policy rate by 200 basic points to 13% from 15% Says headline inflation eased further to 4.9% y/y in November from 7.2% in the previous month PM Shehbaz welcomed the 2 percent reduction in the policy rate by the State Bank of Pakistan KARACHI/ISLAMABAD Read More →
Bank Alfalah Launches its Flagship New Alfa App and Pakistan’s First Instant Credit Digital Cheque Deposit Kiosk ISLAMABAD ( WEB NEWS ) Bank Alfalah, a leading commercial bank in Pakistan and the incumbent Best Bank for Digital Banking, announced the launch of its new mobile banking application, Alfa. New AlfaRead More →
KARACHI ( WEB NEWS ) The State Bank of Pakistan (SBP) will celebrate Women Entrepreneurship Day (WED) on November 19, 2024. The event will be inaugurated by Governor SBP Mr. Jameel Ahmad at the SBP. The event is expected to bring together top officials from banks and non-bank institutions andRead More →
Senate Standing Committee on Finance & Revenue held under the chairmanship of Senator Saleem Mandviwalla ISLAMABAD ( WEB NEWS ) The Senate Standing Committee on Finance and Revenue convened under the chairmanship of Senator Saleem Mandviwalla at the Parliament House. Attendees included Senator Sherry Rehman, Mohsin Aziz, Anusha Rahman AhmadRead More →
State Bank of Pakistan slashes policy rate by 200 BPS The SBP cut its policy rate to 17.5% following a recent sharp decline in inflation. The rate cut will be effective from September 13 , 2024 The central bank also reported that tax collection in July and August 2024 fellRead More →