Banking sector remains sound & stable in Q3CY17: SBP
KARACHI: The Quarterly Performance Review (QPR) of the banking Sector for the quarter ended 30th September 2017, has been released by State...
Rupee continues depreciation spree for third-day running
KARACHI: The Pakistani rupee fell for a third straight session on Tuesday after the central bank withdrew its support on Friday, effectively...
Overseas Pakistanis remit $8bn up by 1.2pc in July-Nov 2017-18
KARACHI: Overseas Pakistani workers remitted $ 8021.18 million, which is up by 1.2 per cent in the first five months (July to...
Overseas Pakistani’s to have bank accounts in Pakistan: SBP
DUBAI: To curb hundi and hawala systems of money transfer, State Bank of Pakistan is set to make it mandatory for overseas...
Rupee continues downward spiral, falls to Rs108.5 against US dollar
LAHORE: The rupee on Monday morning depreciated further against the US dollar to Rs108.5 in the inter-bank market after closing on Friday...
SBP obtained $5.8 billion short-term loans from commercial banks
ISLAMABAD: State Bank of Pakistan (SBP) is said to have procured $5.8 billion of short-term loans to paint a picture of stability...
Dollar normalizes, after increasing to Rs108.50 in inter-bank market
KARACHI:Â The US dollar attained a sense of normalcy after rising more than three rupees in the inter-bank market earlier on Friday.
The US...
SBP calls for accelerated adoption of PayPak card by banks
KARACHI: The Deputy Governor of State Bank of Pakistan (SBP), Jameel Ahmad, has emphasized the need for the adoption of domestic payment...
Overseas Pakistanis earn over $50bn disposable income
ISLAMABAD: Millions of Pakistanis living abroad earn over $ 50 billion as disposable income out of which only $ 20 billion is...
Number of branchless banking agents crosses 0.4mn
ISLAMABAD: The number of branchless banking agents are witnessing continuous surge throughout the country, crossing 0.4 million at end of July 2017.
The...
SBP launches Asaan remittance account
KARACHI: In line with its efforts to enhance outreach of basic financial services to unbanked or underserved segment of the population, State...
Assets of non-banking financing sector up by 29pc
ISLAMABAD: As a result of efforts made by the Securities and Exchange Commission of Pakistan (SECP) in providing a transparent and robust...
SBP takes notice of skimming incidences
KARACHI: During the preceding week, State Bank of Pakistan (SBP) noted with concern that customers' information on debit cards of Habib Bank...
Agriculture borrowing enhanced as borrowers reached to 3.187bn: Senate Body told
ISLAMABAD: The Sub-Committee of the Senate Standing Committee on National Food Security and Research here on Tuesday was informed that agriculture sector...
Private sector’s credit off-take surges up four times during July-November 2017
KARACHI: Data released by State Bank of Pakistan (SBP) on Monday revealed private sector’s credit off-take from commercial banks has boomed and...