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 →
Islamabad High Court stops trial court from announcing final verdict in the 190 million pounds case on Imran Khan’s request ISLAMABAD ( WEB NEWS ) The Islamabad High Court (IHC) on Monday stopped the trial court from announcing the final verdict in the 190 million pounds case on Imran Khan’sRead More →
Meezan Bank Strengthens Foothold in Forex Services, Launches its wholly owned Subsidiary – Meezan Exchange KARACHI ( Web News ) Meezan Bank, Pakistan’s leading Islamic bank has officially commenced operations of Meezan Exchange Company Limited (MECL), its wholly-owned subsidiary in Karachi. MECL will offer remittance and forex services to allRead More →
SBP Releases Half-Year Report On The State Of Pakistan’s Economy ISLAMABAD ( Web News ) Pakistan’s macroeconomic conditions improved during H1-FY24, according to the State of Pakistan’s Economy Report for H1-FY24 released today by the State Bank of Pakistan (SBP). The Report contains the analysis prepared on data outturns for the July-DecemberRead More →
Zindigi and State Bank of Pakistan Drive Digital Evolution with Raast P2M LAHORE ( Web News ) Zindigi aligning seamlessly with the strategic vision of the State Bank of Pakistan, leads innovation by empowering merchants nationwide with Raast P2M Merchants Payments Ecosystem. Zindigi, powered by JS bank is one ofRead More →
SBP Reports $852 Million Increase In Its Reserves, To $7.757 Billion ISLAMABAD ( Web News ) The State Bank of Pakistan today reported a significant increase of 852 million dollars in its foreign exchange reserves during the week ended on December 22, 2023. The total reserves of the central bankRead More →
BOP conducts first transaction under EXIM Bank’s Export Finance Facility ISLAMABAD ( Web News ) The Bank of Punjab (BOP) becomes the first bank to execute a transaction for Export Import Bank of Pakistan (EXIM Bank) under its newly launched Export Finance Scheme (EFS) Facility. Under the facility, EXIM BankRead More →
Alert! Fake Rs.5000 notes in market ISLAMABAD ( Staff Reporter ) The Senate Standing Committee on Finance has voiced concern over the alarming circulation of Rs5000 notes, which even officials of State Bank of Pakistan (SBP) failed to ‘recognise’,. While spotlighting the gravity of the issue, PPP Senator Salim MandviwalaRead More →