State Bank of Pakistan Archives - Page 2 of 7

A UK-Based Group Allowed To Operate ASA Microfinance Bank In Pakistan: SBP ASA Microfinance Bank (Pakistan) Limited, licensed by SBP under the Microfinance Institutions Ordinance 2001

On: November 15, 2023

Tagged: ASA Microfinance Bank, Domestic borrowers, State Bank of Pakistan, UK-based group

A UK-Based Group Allowed To Operate ASA Microfinance Bank In Pakistan: SBP ISLAMABAD ( Web News ) The State Bank of Pakistan allowed a UK-based group, ASA International Group to operate a new microfinance bank in Pakistan. The State Bank of Pakistan (SBP) has allowed “ASA Microfinance Bank” (Pakistan) Limited to commenceRead More →

Mobile wallets are surpassing traditional bank accounts in Pakistan. Aamir Ibrahim Jazz CEO Commends SBP and PTA for Driving Digital and Financial Inclusion at World Economic Forum Webinar

On: November 13, 2023

In: Banking Sector

Tagged: 'Spotlight Pakistan Day', Asaan Mobile Account, Chairman MMBL, PTA, State Bank of Pakistan

Jazz CEO Commends SBP and PTA for Driving Digital and Financial Inclusion at World Economic Forum Webinar ISLAMABAD ( Web News ) Aamir Ibrahim, CEO of Jazz and Chairman of Mobilink Microfinance Bank (MMBL), expressed high praise for the pivotal roles played by the State Bank of Pakistan (SBP) andRead More →

Information regarding Rs. 75/- Banknotes Rs. 75 banknote issued by State bank of Pakistan to mark 75 years of Pakistan's independence

On: October 28, 2023

In: Banking Sector, Breaking News

Tagged: 75 years of Pakistan's independence, important information, Rs. 75/- Banknotes, State Bank of Pakistan

TMB Receives In-Principle Approval to Establish a Digital Retail Bank The SBP hosted a ceremony in Karachi to officially grant In-Principle Approval to five banks, including TMB.

On: September 23, 2023

In: Banking Sector

Tagged: Digital Retail Bank, In-Principle Approval, Remarkable achievement, State Bank of Pakistan, Telenor Microfinance Bank

Telenor Microfinance Bank Receives In-Principle Approval to Establish a Digital Retail Bank ISLAMABAD ( Web News ) Telenor Microfinance Bank, operator of Pakistan’s leading digital financial services platform, easypaisa, has received In-Principle Approval (IPA) for Digital Retail Bank (DRB) license from the State Bank of Pakistan (SBP) under the LicensingRead More →

Banks’ Post-Tax Profit Doubled To Rs 284 Billion In Six Months Of 2023: SBP Report The State Bank of Pakistan reported this banking sector achievement in its half-yearly review released on Monday.

On: September 18, 2023

In: Breaking News

Tagged: Pakistani banks, Post-Tax Profit Doubled, Rs 284 Billion, Six Months Of 2023, State Bank of Pakistan

Banks’ Post-Tax Profit Doubled To Rs 284 Billion In Six Months Of 2023: SBP Report ISLAMABAD ( Web News ) The half-year post-tax profit of banks operating in Pakistan doubled and amounted to Rs 284 billion during the Jan-June 2023 period. In the corresponding period of the last year, banks’ post-taxRead More →

SPI was up by 3.73 per cent during the week ending Friday July 28 According to the PBS data, it is the low-income groups which are facing the worst of inflation with those spending up to Rs17,732

On: July 29, 2023

In: Breaking News

Tagged: IMF, SPI covers 51 items, State Bank of Pakistan, The Sensitive Price Index, Up by 3.73 %

The Sensitive Price Index (SPI) was up by 3.73 per cent during the week ending Friday (July 28) The latest data comes as Pakistan’s central bank will likely raise its key interest rate again on Monday. The SPI covers 51 items put of which the prices of 20 increased, sevenRead More →

SBP released its third quarterly review of Payment Systems for the fiscal year 2022-23 Customers using Raast for online Person-to-Person (P2P) funds transfer have increased to 29.2 million users from 25.8 million user in the previous quarter.

On: May 30, 2023

In: Banking Sector

Tagged: 9.3 m internet banking, fintech companies, Governor Jameel Ahmad, Payment Systems, State Bank of Pakistan

KARACHI ( Web News ) The State Bank of Pakistan released its third quarterly review of Payment Systems for the fiscal year 2022-23 Monday covering the period January to March 2023. Major highlights and comprehensive analysis on payments ecosystem is presented in the review. Increasing collaboration between banks and fintechRead More →

UAE Investor Acquires Majority Share of Summit Bank The Investor subscribed to 3.98 billion new shares of the Bank at PKR 2.51 per share .

On: April 28, 2023

In: Banking Sector

Tagged: Majority Share, President of Summit Bank, State Bank of Pakistan, Summit Bank, UAE Investor

KARACHI (WEB DESK) Prominent UAE national, investor, and a longstanding friend of Pakistan, H.E. Nasser Abdulla Hussain Lootah (the “Investor“), has acquired a controlling stake in Summit Bank, a move that was recently approved by the State Bank of Pakistan, Securities and Exchange Commission of Pakistan, and Competition Commission ofRead More →

Women at State Bank – International Women’s Day Special The conversation touched upon the "Banking on Equality" policy launched by SBP in September 2021.

On: March 9, 2023

In: Banking Sector

Tagged: female officers, International Women’s Day, SBP, State Bank of Pakistan

ISLAMABAD (WEB DESK) On International Women’s Day 2023, three female officers from the State Bank of Pakistan (SBP) shared their professional journeys and experiences. They also shed light on the status of women in the financial sector and SBP’s efforts to promote gender equality in the workplace. The dialogue highlightedRead More →

12 Banks Report Record Profit Of Rs 585 Billion In 2022 This Time And, In Fact, For The First Time, Meezan Bank Took The Lead Over All Other Leading Banks In Earning Profit In 2022.

On: March 3, 2023

In: Banking Sector

Tagged: 12 Banks Report, Meezan Bank, Record Profit, Rs 585 Billion, State Bank of Pakistan

12 Banks Report Record Profit Of Rs 585 Billion In 2022 This Time And, In Fact, For The First Time, Meezan Bank Took The Lead Over All Other Leading Banks In Earning Profit In 2022. ISLAMABAD ( JAVED MAHMOOD ) In sharp contrast to the ongoing economic crisis in Pakistan,Read More →

State Bank to give scheduled status to Bank of AJK The Chairman further said that Bank of AJK needs development and patronage of the federal Government.

On: February 12, 2023

In: Banking Sector

Tagged: Bank of AJK, Bank performance, Scheduled status, State Bank of Pakistan

ISLAMABAD (WEB NEWS) Governor State Bank of Pakistan(SBP), Mr. Jameel Ahmed, while appreciating the performance of Bank of Azad Jammu and Kashmir (BAJK)and the steps taken to achieve Scheduled Bank status, agreed in principle with the position of the SBP to issue the license to BAJK and said that theRead More →

ICCI slams hike in policy interest rate to 17 percent SBP has further increased the interest rate to 17%, which will prove disastrous for business and investment activities

On: January 24, 2023

In: Commerce and Industry

Tagged: economic crisis, High prices electricity- gas, Islamabad Chamber, State Bank of Pakistan, Vietnam 6%and India 6.25%

ICCI slams hike in policy interest rate to 17 percent ISLAMABAD ( Web News ) Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) said that due to the current economic crisis and high prices of electricity, gas and petroleum products, the business community is already facing greatRead More →

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