Result of SBP OMO Injection
Result of SBP Open Market Operations (OMO)-Injection Result of SBP Open Market Operations (OMO)-Injection Result of SBP Shariah Compliant (OMO)-Injection Result of SBP Shariah Compliant (OMO)-Injection
Deposit Protection Corporation Issues Annual Report for FY22
Deposit Protection Corporation (DPC), a subsidiary of State Bank of Pakistan, has issued its second Annual Report today, covering its activities for FY22. The report has been issued with the…
Climate Challenge Needs Coordinated Actions from key stakeholders – OICCI White Paper
Karachi: Overseas Investors Chamber of Commerce and Industry (OICCI), the collective body of over 200 foreign investors, launched a whitepaper titled, “Synergizing the Climate Ambition: A Blueprint for Achieving NDCs…
Digital Payments continue to show rising trend during FY21-22
Annual Payment Systems Report for the fiscal year 2021-22 is released today by the State Bank of Pakistan (SBP) which presents major developments in the payments eco-system of the country…
TDAP willing to extend support to PCA
A five-member delegation, from Pakistan Coating Association headed by the Chairman, Mr. Siraj Uddin, visited Mr. Zubair Motiwala, Chief Executive of the Trade Development Authority of Pakistan (TDAP) to meet…
Governor SBP urges banks to support agriculture sector to recover from devastation of floods
Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad, while chairing the annual meeting of Agricultural Credit Advisory Committee (ACAC) in Hyderabad referred to the devastation caused by recent floods…
Ismail Industries Extends Relationship with SAP for Digital Transformation
Ismail Industries Limited, one of the major Pakistani confectionery and snack food manufacturers, has signed up a roadmap contract with SAP for the digitization of business functions across all its…
Old Design Large Size Banknotes can not be exchanged after 31 December 2022: SBP
The Federal Government vide Gazette Notification F.No.2(1)IF-III/2010 dated December 23, 2021, had extended the last date for exchangeability of old design large size banknotes of Rs 10, 50, 100 &…
SBP releases new Governor’s Annual Report 2021-22
A combination of both external and domestic factors contributed to higher than projected inflation in FY22, according to Governor’s Annual Report 2021-22 released by the State Bank of Pakistan (SBP)…
SBP releases Annual Report on The State of Pakistan’s Economy
The State Bank of Pakistan released today its Annual Report on the State of Pakistan’s Economy for the fiscal year 2021-22. According to the report, Pakistan’s economy achieved a real…
Revenue Division notifies draft of the Pakistan Single Window Trade Data Dissemination, Exchange and Utilization Rules
KARACHI: Revenue Division, Government of Pakistan, has issued the draft of the Pakistan Single Window Trade Data Dissemination, Exchange and Utilization Rules. The proposed Rules authorize the operating entity to…
Trade delegation from USA looks for collaboration with local auto parts industry
Karachi: A business and trade delegation of America Pakistan Business Development forum (AMPAK) led by Farooq Mughal, who is a first Pakistani elected for Georgia house of representative (D-Dacula) the…
MMBL Partners with Quwat, Industrus to offer Digital Solutions for B2B
Islamabad: Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has signed a strategic partnership with Quwat, the fintech arm of Industrus – a tech service provider catering to the needs…
State Bank of Pakistan Designates Domestic Systemically Important Banks (D-SIBs)
The State Bank of Pakistan (SBP) has announced the designation of D-SIBs for the year 2022 under the Framework for Domestic Systemically Important Banks (D-SIBs) that was introduced in April…
Faysal Bank Declared Best Islamic Retail Bank in Pakistan
With a keen focus on offering innovative Islamic retail banking products and services, Faysal Bank Limited (FBL) has been at the forefront of setting new benchmarks in the Islamic retail…
Press Release of Workers’ Remittances in November 2022
Workers’ remittances recorded an inflow of US$2.1 billion during Nov 22. During Nov 2022, remittances decreased by 4.8 percent on m/m and by 14.3 percent on y/y basis. With cumulative…
Faysal Bank declared “Best Bank of the Year 2021” by CFA Society Pakistan
CFA Society Pakistan hosted the 19th edition of its prestigious Annual Excellence Awards in Karachi to recognize the outstanding performances of financial institutions, corporates and professionals. Faysal Bank Limited (FBL)…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 12,581.7 million as of 2-Dec-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
MCB Bank allies with Bookme.pk to enhance acceptance of e-booking services across Pakistan
Lahore: MCB Bank Limited, one of Pakistan’s leading Banks, has entered into an agreement with Bookme.pk, the leading provider of e-ticketing services in Pakistan. This partnership aims to facilitate hassle-free online…
PQFTL and U Microfinance Bank sign BancaTakaful Agreement
Karachi: Pak-Qatar Family Takaful Limited and U Microfinance Bank (U Bank), Pakistan’s fastest-growing microfinance bank, have strategically signed a landmark BancaTakaful agreement. Under this collaboration, family Takaful products will be…