In FY21, Pakistan reentered the international capital markets after a gap of over 3 years in early April 2021 and SBP’s foreign exchange reserves rose to record high level ISLAMABAD ( Javed Mahmood ) The third quarterly report of the State Bank of Pakistan for FY21 pointed out that thereRead More →
KARACHI ( Web News ) Facebook is expanding its women-empowerment focused initiative, ‘SheMeansBusiness’ to bolster financial inclusion and resiliency of women-led businesses in Pakistan. Implemented in partnership with State Bank and the USAID Small and Medium Enterprise Activity (SMEA), the program’s new component, ‘Business Resilience through Financial Education (BRFE)’ aimsRead More →
KARACHI ( Web News ) The State Bank of Pakistan (SBP) announced its bi-monthly monetary policy on Friday and decided to maintain its policy rate at 7 percent, according to a statement issued by the bank. At its meeting on March 19, 2021, the Monetary Policy Committee (MPC) decided toRead More →
KARACHI ( WEB DESK ) Mobile application TAG has become the latest fintech startup to get approval from the State Bank of Pakistan (SBP) to operate as an Electronic Money Institution (EMI) in Pakistan, a press release issued by the company said on Monday. According to the company, TAG is a ‘superRead More →
KARACHI ( MEDIA REPORT ) Top management of HBL is expected to be reorganized as Nauman K Dar, the President and CEO of Habib Bank Limited (HBL) is set to retire on December 31, 2017. The notice sent to the Pakistan Stock Exchange (PSX) explained that after Dar’s retirement, HBL willRead More →
ISLAMABAD ( ABRAR MUSTAFA ) Stat Bank of Pakistan reveled in Q1 report that due to heavily taxed on Mobile sector lower mobile and broadband usage in Pakistan. The report says that FY16 with increased number of broadband users; better cellular and teledensity;and decline in PTCL financial losses. PTCL aRead More →
ISLAMABAD ( GUEST WRITER ) Pakistan’s growth rate of internet users is second highest in SAARC countries in accordance with its population, as it standing at 16.8 percent as compared with 28.3 percent of Maldives. According to the State Bank of Pakistan (SBP) publications quoted World Bank statistics by JulyRead More →