Pakistan’s Forex Reserves Enhance by $2 Billion

Pakistan’s foreign exchange reserves have enhanced by $2 billion due to the inflows received from foreign bonds and Sukuk in the outgoing...

Pakistan’s Forex Reserves Enhance by $2 Billion

Pakistan’s foreign exchange reserves have enhanced by $2 billion due to the inflows received from foreign bonds and Sukuk in the outgoing...

Rupee Value Hits an All Time Low

The Governor of the State Bank of Pakistan, Tariq Bajwa, in his much-awaited press meeting stated that currently the rupee’s exchange rate...

SBP to Upgrade Its Core Banking System

State Bank of Pakistan is upgrading its core banking system from Globus to T24R15 by Temenos.The Temenos core banking platform has been the best-selling solution on...

Rupee Suddenly Devalues Against US Dollar

Pakistani Rupee is under pressure and has lost its value by up to Rs. 4.50 per dollar in the interbank market. State...

SBP to Set Up a Rs 200 Million e-Payment Gateway Solution

A report issued by Pakistan Telecommunication Authority (PTA) has revealed that State Bank of Pakistan (SBP) is establishing an e-payment gateway solution....

SBP Allows Banks To Open Asaan Account For Remittances

In an effort to promote use of bank accounts and remittance transactions through the banking system, State Bank of Pakistan (SBP) has...

SBP Plans to Increase Credit to SME Sector to Rs. 1...

State Bank of Pakistan (SBP) is gearing up to launch a new initiative to increase finance supply for Small and Medium Enterprises...

Bank Lending to Private Sector On The Rise

The stable policy and interest rates coupled with growth in businesses have increased the banks loan portfolio to the private sector substantially...

Banks Investments in Govt Papers Surge By Rs. 1 Trillion in...

The commercial banks’ reliance on government papers/securities for making investment and securing safe returns is continuing, as an amount of more than...