Governor SBP Dr. Reza Baqir receiving Rs 2.5 million monthly salary long with other perks ISLAMABAD ( Web News ) State Bank of Pakistan (SBP) Governor Dr. Reza Baqir receives a monthly salary of Rs2.5 million and worked at the International Monetary Fund (IMF) for 18 years prior to hisRead More →
MMBL’s celebration of a milestone year under Women Inspirational Network (WIN) commended by SBP ISLAMABAD ( Web News ) Women make up almost half of Pakistan’s total population, but their contribution to measured economic activity is far below its potential due to limited access to quality and affordable financial services.Read More →
KARACHI ( Web News) The State Bank of Pakistan (SBP) announced its bi-monthly monetary policy on Monday and decided to maintain its policy rate at 9.75 percent. Addressing a press conference in Karachi on Monday, Governor SBP Reza Baqir said that the interest rate will remain unchanged at 9.75 inRead More →
Pakistan’s Current Account Deficit Exceeds $9 Billion In Six Months Of FY2021-22 So far, the government’s measures to curb imports and current account deficit have ended in failure, leading to massive increase in twin deficits _ trade and current account ISLAMABAD ( JAVED MAHMOOD ) The current account deficit hasRead More →
ISLAMABAD ( Web News ) Federal Minister of Science and Technology, Senator Shibli Faraz Tuesday said the government intends to regularize the cryptocurrency for which the State Bank of Pakistan, Securities and Exchange Commission of Pakistan and Finance Division are working. “We cannot separate ourselves from the affairs of theRead More →
State Bank Of Pakistan Recommends Ban On Cryptocurrency In Pakistan Putting Income Of Thousands Of Miners At Stake Instead of empowering millions of jobless youngsters/students to take benefit from the mining of cryptocurrency, the panel of the State Bank of Pakistan has suggested a complete ban on crypto, etc. ISLAMABADRead More →
Faysal Bank partners with EFU Life to launch EFU Roshan Mustaqbil Takaful for Roshan Digital Account Holders ISLAMABAD ( Web News ) Faysal Bank and EFU Life Window Takaful Operations further strengthened their partnership by launching EFU Roshan Mustaqbil Takaful an industry first Takaful plan specially designed to cater toRead More →
Meezan Bank becomes the First Bank in the Country to Launch State Bank of Pakistan’s I-SAAF Scheme for Small and Medium Enterprises (SMEs) KARACHI ( Web News ) Meezan Bank, Pakistan’s first and largest Islamic bank, also became the first bank to launch the Islamic SME Asaan Finance Scheme (I-SAAF) for SmallRead More →
MULTAN ( Web News ) State Bank of Pakistan (SBP) Governor Dr Reza Baqir has said that Asaan Finance Scheme (I-SAAF) will be a game changer in enhancing access to finance to SMEs as it addresses the long outstanding challenge of lack of collateral faced by them. Speaking at IslamicRead More →
Supernet gets contract to secure SBP infrastructure ISLAMABAD ( Web News ) The Supernet, a subsidiary of Telecard Limited, has got Rs 100 million contract from the State Bank of Pakistan (SBP), in Information Technology (IT) and Cyber Security domain, to secure its infrastructure from Advanced Persistent Threats (APT). AccordingRead More →
Laws must ensure accountability of the State Bank of Pakistan: Dr. Hafiz Pasha Addresses SDPI conference titled ‘Beyond the Pandemic: Leaving No One Behind’ ISLAMABAD ( Web News ) Laws must ensure the accountability of the State Bank of Pakistan and the accountability should rest with the government under theRead More →
State Bank Reports Four-Fold Increase In Current Account Deficit Of Pakistan During July-Oct 2021 ISLAMABAD ( JAVED MAHMOOD ) Pakistan’s current account deficit has increased four-fold in first four months of the ongoing financial year. During July-Oct FY22, the State Bank of Pakistan has reported 5.18 billion dollars current accountRead More →