Bank Holiday
The State Bank of Pakistan will remain closed for public dealing on Monday, January 01, 2024, which will be observed as ‘Bank Holiday’. All banks / DFIs / MFBs shall,…
SBP launches SUNWAI – A Facilitative Portal for Consumer Complaints
In continuation of ongoing efforts to strengthen the banking sector’s efficiency and fairness in complaints handling and to address the issues faced by banking customers in complaints lodgment, the State…
AHL maintains its dominance at the CFA Society Annual Awards
Karachi: Arif Habib Limited (AHL), Pakistan’s leading Brokerage and Investment Banking Firm, has been recognized in 6 categories by CFA Society Pakistan at their 20th Annual Excellence Awards for 2023.…
State Bank of Pakistan renews the Status of VIS and PACRA as Eligible External Credit Assessment Institutions (ECAIs)
State Bank of Pakistan has renewed the status of the two credit rating agencies operating in Pakistan namely “VIS Credit Rating Company Limited (VIS)” and “The Pakistan Credit Rating Agency…
State Bank of Pakistan (SBP) issues final instructions for implementation of International Financial Reporting Standard, IFRS-9, in the Banking Sector
SBP has issued final instructions on IFRS 9 for ensuring smooth and consistent implementation of the Standard in the banking industry, with revised implementation timelines. For banks having asset size…
State Bank of Pakistan renews the Status of VIS and PACRA as Eligible External Credit Assessment Institutions (ECAIs)
State Bank of Pakistan has renewed the status of both credit rating agencies operating in Pakistan namely “VIS Credit Rating Company Limited (VIS)” and “The Pakistan Credit Rating Agency Limited…
Revision of Guidelines on Stress Testing of the Banking Sector
The State Bank of Pakistan has today released a revised suite of Guidelines on Stress Testing, which replaces the earlier guidelines issued in 2012. Stress testing is a key tool…
SBP conducts a review of complaints against Banks/DFIs/MFBs from 2016 to 2019
State Bank of Pakistan (SBP) has conducted a four year (2016-2019) review of complaints against Banks/MFBs/DFIs. The objective of the review was to gain insights on effectiveness of complaint management…