Tag: State Bank of Pakistan
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PM Imran Khan launches Raast, Pakistan’s first instant digital payments system
Prime Minister Imran Khan on Tuesday launched Pakistan’s first instant person-to-person digital payment system, Raast, developed by the State Bank of Pakistan
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SBP takes steps to put an end to US Dollar Smuggling
The State Bank of Pakistan (SBP) has taken an important decision to curb the rapidly declining foreign exchange reserves and the depreciation of the rupee. According to media reports, the SBP has imposed a major ban on the remittance of dollars from Pakistan to stop the smuggling of the foreign currency to Afghanistan. According to…
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SBP announces New Regulations on Car Finance
Islamabad: The State Bank of Pakistan (SBP), in its recent notification, has announced a new policy for consumers and banks regarding car financing matters. According to the details, the SBP has taken important decisions regarding the bank loan policy for consumers regarding car finance. In the notification, the maximum period of personal loan repayment has been…
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State Bank of Pakistan (SBP) raises interest rates by 0.25%
The State Bank of Pakistan (SBP) has announced a monetary policy for the next two months under which the interest rate has been fixed at 7.25 per cent after an increase of 0.25 per cent. According to reports and findings, the Monetary Policy Committee (MPC) sat for a meeting under the chairmanship of Governor SBP,…
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HASCOL – Massive Corruption of Multi-Billion Rupees EXPOSED!
HASCOL Petroleum Limited, the darling of investors within Pakistan as well as abroad who track Pakistani markets, appears to be a basket case of corporate malpractices and fiduciary malfeasance by the management. According to the reports of Baaghi TV, Pakistan’s biggest financial scandal has unveiled right in front of us as HASCOL – a public…
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Remittances to Roshan Digital Accounts Reach $1.87 billion
Karachi: Remittances sent through Roshan Digital Accounts (RDA) reached $1.87 billion by the end of July, the first month of the current financial year since RDA was launched in September 2020. For the second time, they are at the highest level. According to reports, State Bank released data showing that July received remittances of $30.07…
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When world economies go down, Pakistan performs well: Forbes
During the pandemic, which has posed challenges for large economies of the world, Pakistan has succeeded as regards with restoring its economy
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State Bank of Pakistan and Pakistan Stock Exchange take Important steps for Pakistan’s Economic Growth
At the PSX Gong event, the Governor SBP announced important steps to further deepen the credit and capital markets. The Pakistan Stock Exchange (PSX) gaunt ceremony was hosted by the Governor of the State Bank of Pakistan. SBP and PSX have recently been working closely to improve and expand the access of capital market…
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QPSR Shows Strong Growth in Digital Financial Transactions
QPSR has showed strong growth in digital financial transactions.
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Rs 25,000 Prize Bond Draw Held in Multan
A Rs 25,000 prize bond draw was held in Multan.