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Home » STATE BANK OF PAKISTAN

Tag: STATE BANK OF PAKISTAN

Bank Makramah achieves significant milestones
Business

Bank Makramah achieves significant milestones

January 30, 2025January 30, 2025 - by Web Desk

Islamabad: Bank Makramah Limited (BML) is pleased to announce that the court has accepted the settlement application filed by BML and OMNI Group of approximately Rs. 10 billion on account …

Bank Makramah achieves significant milestones Read More
easypaisa is Pakistan’s First Digital Bank To Receive
Business

easypaisa is Pakistan’s First Digital Bank To Receive Commercial Approval For Regular Operations

January 28, 2025January 28, 2025 - by Web Desk

Islamabad: easypaisa has achieved a groundbreaking milestone by becoming Pakistan’s first Digital Retail Bank to receive commercial approval for the commencement of regular digital banking operations from the State Bank …

easypaisa is Pakistan’s First Digital Bank To Receive Commercial Approval For Regular Operations Read More
Google Pay to Launch in Pakistan by March 2025
Technology and Innovation

Google Pay to Launch in Pakistan by March 2025

January 16, 2025 - by Web Desk

Google Pay is set to launch in Pakistan by mid-March 2025. According to sources, the platform, confirmed by Google in November 2024, will collaborate with Visa, MasterCard, and leading local …

Google Pay to Launch in Pakistan by March 2025 Read More
Haaris Mahmood Chaudhary Appointed CEO of Mobilink Bank
Business

Haaris Mahmood Chaudhary Appointed CEO of Mobilink Bank

January 15, 2025January 15, 2025 - by Web Desk

Islamabad: The Board of Mobilink Bank has announced the appointment of Haaris Mahmood Chaudhary as the new Chief Executive Officer of Mobilink Bank, marking a significant milestone in the Bank’s …

Haaris Mahmood Chaudhary Appointed CEO of Mobilink Bank Read More
foreign exchange reserves
Business

Pakistan’s foreign exchange reserves get a boost

August 23, 2024August 23, 2024 - by Web Desk

The State Bank of Pakistan has released its trendy data, revealing a tremendous increase in domestic foreign exchange reserves. The reserves have risen through $1.92 million to attain $9.29 billion, …

Pakistan’s foreign exchange reserves get a boost Read More
Pakistan debt
Business

Pakistan pays $5.66bn in interest on international bonds over 19 years

August 23, 2024 - by Web Desk

In the past 19 years, Pakistan has paid a good sized amount of $5.66 billion in hobby on international Euro and Sukuk bonds. Additionally, the US Has repaid the principal …

Pakistan pays $5.66bn in interest on international bonds over 19 years Read More
Public holiday
Pakistan

Public holiday announced in Pakistan

August 9, 2024August 9, 2024 - by Web Desk

The current government has declared August 14 (Wednesday) as a public holiday to mark the country’s 78th Independence Day. All government offices, educational institutions, banks and financial institutions will remain …

Public holiday announced in Pakistan Read More
Pakistan Stock Exchange
Business

Bullish trend at stock exchange: KSE-100 Index sees upward trend

July 29, 2024July 29, 2024 - by Web Desk

The Pakistan Stock Exchange (PSX) saw a sharp uptrend today as investors became more active anticipating a cut in interest rates. The KSE-100 index gained 675 points to reach 78,705 …

Bullish trend at stock exchange: KSE-100 Index sees upward trend Read More
Pakistan’s SBP reserves plummet by $397 million
Business

Pakistan’s SBP reserves plummet by $397 million

July 26, 2024July 26, 2024 - by Web Desk

The State Bank of Pakistan announced a significant drop in its dollar reserves by $397 million. Reserves, which were previously $9.42 billion, have now fallen to $9.03 billion. The State …

Pakistan’s SBP reserves plummet by $397 million Read More
State bank of Pakistan
Business

SBP to launch digital currency to boost remittances

July 23, 2024July 23, 2024 - by Web Desk

The State Bank of Pakistan (SBP) is exploring the introduction of a digital currency that would facilitate instant and cost-effective money transfers for millions of Pakistanis living abroad. SBP Deputy …

SBP to launch digital currency to boost remittances Read More
Pakistan’s current account deficit
Business

Pakistan’s current account deficit hits $27 million in May

June 22, 2024June 22, 2024 - by Web Desk

According to the State Bank of Pakistan (SBP) report, Pakistan’s current account recorded a deficit of $27 million in May 2024, up from a surplus of $50 million recorded in …

Pakistan’s current account deficit hits $27 million in May Read More
Eid Cattle Markets
Business

SBP enhances digital payment options for Eid cattle markets

June 1, 2024June 1, 2024 - by Web Desk

In an important step to facilitate digital transactions in commodity markets, the State Bank of Pakistan (SBP) has temporarily increased transaction and balance limits for various account categories from May …

SBP enhances digital payment options for Eid cattle markets Read More
GDP Growth
Business

GDP growth expected to be between 2% to 3%: SBP

May 2, 2024May 2, 2024 - by Web Desk

The Special Investment Facilitation Council (SIFC) has been working hard at the policy level to revive Pakistan’s economy and the results show that the country’s economy is growing. According to …

GDP growth expected to be between 2% to 3%: SBP Read More
Govt to boost agri-based growth to benefit poor: Rana Tanveer
Business

Govt to boost agri-based growth to benefit poor: Rana Tanveer

April 25, 2024April 25, 2024 - by Web Desk

ISLAMABAD: The high-powered Federal Committee on Agriculture (FCA) tasked with overseeing strategic measures to ensure food security in the country met under the chairmanship of Rana Tanveer Hussain, Federal Minister …

Govt to boost agri-based growth to benefit poor: Rana Tanveer Read More
Textile industry
Business

Textile industry hails govt’s move of releasing Rs65 billion for exporter payments

March 6, 2024March 6, 2024 - by Web Desk

The textile export industry has appreciated the government’s decision to release Rs 65 billion for payment of all verified pending refunds up to March 3, 2024. This positive move by …

Textile industry hails govt’s move of releasing Rs65 billion for exporter payments Read More

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