ISLAMABAD ( Web News ) Mian Nasser Hyatt Maggo, President FPCCI, has noted with concern that Commercial Banks continue to disburse 90% of the funds– coming under export refinance schemes – to only a few chosen business groups. The whole exercise is biased and unfair. Same practiced has continued whenRead More →
ISLAMABAD ( WEB NEWS ) Apropos media reports related to recently introduced draft State Bank Amendment Act 2021, it is a misconception that SBP will be empowered unabatedly through the proposed act to share financial or non-financial private information with any entity, particularly outside the country. For exchange of informationRead More →
KARACHI (WEB NEWS) The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the State Bank of Pakistan (SBP) to extend the Refinance Scheme for Payment of Wages and Salaries, launched to support employees and prevent layoffs due to the Covid-19 outbreak in Pakistan for one year. InRead More →
Non-Residents Pakistanis and Residents can now repatriate their funds freely and bank digitally anytime, anywhere KARACHI ( WEB NEWS ) Habib Metropolitan Bank Limited (HABIBMETRO) has joined the Roshan Digital Account (RDA) initiative of the State Bank of Pakistan. Roshan Digital Accounts provide innovative banking solutions to millions of Non-ResidentRead More →
KARACHI ( WEB DESK ) SBP launches consultation on Banking on Equality Policy – an initiative to increase financial inclusion of women in the country In order to address one of the key challenges hindering economic growth of Pakistan to its full potential, State Bank of Pakistan (SBP) has launchedRead More →
SBP is all set to launch consultation on Banking on Equality policy for reducing the gender gap in financial inclusion. KARACHI ( WEB DESK ) Women’s access to financial and economic opportunities is essential for sustainable and inclusive economic growth. However, women in Pakistan are disproportionately under-served by the financial system.Read More →
KARACHI ( WEB DESK ) The State Bank of Pakistan (SBP) has directed all banks to stop processing subscription payments for Indian Streaming Video on Demand platforms (SVOD). In a recent notification to the presidents and CEOs of all banks, electronic money institutions (EMIs), Payment System Operators (PSOs), and paymentRead More →
ISLAMABAD (WEB DESK) The State Bank of Pakistan has allowed overseas Pakistanis to open Roshan Digital Account in Euro currency as well. At the launching ceremony of Roshan Digital Account held at the Embassy of Pakistan Paris, on 18th August 2020, members of the Pakistani community in France asked forRead More →
KARACHI ( WEB DESK ) According to a Press Release dated 27th July issued by the State Bank of Pakistan, JS Bank once again topped the Rozgar Refinance Scheme processing and disbursement which supports the private sector for payment of wages and salaries leading to avoid lay off of employeesRead More →
ISLAMABAD (PRESS RELEASE) According to statistics from the State Bank of Pakistan (SBP), overall, the IT industry managed to export IT and IT-enabled services worth $540 million, seeing a paltry increase of $20 million compared to the exports figures of the same period last year. Pakistan’s IT industry has madeRead More →
Powered by Alipay’s blockchain technology, the service enables Pakistanis living in Malaysia to send money home instantly and securely through Telenor’s remittance service provider – Valyou. ISLAMABAD (PRESS RELEASE) Telenor Microfinance Bank, in partnership with Valyou of Malaysia, has introduced Pakistan’s first blockchain-based cross-border remittance service, powered by industry-leading blockchainRead More →
ISLAMABAD (PRESS RELEASE) Following the recent news item about cyber-attack on major Pakistani Banks, the Federal Minister for IT & Telecom, Dr Khalid Maqbool Siddiqi has assured all out technical support to State Bank of Pakistan, to ensure protection of data and financial assets of the citizen of Pakistan. HeRead More →