Forex reserves held by SBP rise by 6.19pc to $16.3b
Karachi: The total liquid foreign reserves held by the country stood at $21,358.0m on June 23, 2017. A weekly increase of 6.19pc...
FBR issues list of 88 countries for exchanging financial data
Karachi: A list of 88 countries has been notified and issued by the Federal Board of Revenue on Friday for auto swapping...
SBP revises guidelines on outsourcing arrangements
Karachi: The State Bank of Pakistan (SBP) has revised the ‘Guidelines on Outsourcing Arrangements’ with the objective of enabling financial institutions (FIs)...
Micro-finance banks instructed to install biometric devices by year end says: SBP
Karachi: The State Bank of Pakistan (SBP) on Monday instructed micro-finance banks (MFBs) to make the use of biometric technology mandatory for...
Branchless banking transactions saw increase in Jan-March quarter: SBP report
Karachi: The State Bank of Pakistan (SBP) on Friday released statistics detailing the rise of branchless banking accounts in the country by...
PBA urges government to scrap ‘super tax’
Islamabad: Pakistan Banks Association on Thursday demanded the government to withdraw the super-tax that was enacted in 2015 after the recent passing...
SBP introduces new amendments to control money laundering
Karachi: On Wednesday, the State Bank of Pakistan (SBP) made a number of changes in respect to regulations for anti-money laundering and...
SBP gives go-ahead to NIB bank’s merger with MCB
Lahore: The State Bank of Pakistan (SBP) has granted approval for the merger/amalgamation of NIB Bank Limited with and into MCB Bank Limited...
Banking sector performance report for 1st quarter released by SBP
KARACHI
The deposits of the banking sector have gone up by one per cent in the first quarter (Jan-Mar) of the calendar year...
Women empowerment– Sima Kamil finally assumes charge as first woman president of a major Pakistani bank
Sima Kamil who has been serving as deputy CEO United Bank Limited (UBL) will be assuming charge as CEO and president of...
Exim Bank establishment an encouraging move says: FCCI chief
The establishment of the Exim Bank of Pakistan has been welcomed by the Faisalabad Chamber of Commerce and Industry (FCCI) President Muhammad...
SBP issues enterprise technology,governance & risk management framework for financial Institutions
The State Bank of Pakistan (SBP) has issued Enterprise Technology Governance & Risk Management Framework for Financial Institutions (FIs) on Tuesday.
The Framework...
The Turnaround King
The career of a banker typically starts from an entry level position and consists of many shifts that include working at a...
FINCA: Leading the way towards increased financial inclusion
Microfinance model was introduced four decades ago with the hopes of revolutionizing lending. There were high hopes of uplifting the not-haves of...
SBP sets Nisab at Rs38,406 for deduction of Zakat
The State Bank of Pakistan has fixed Nisab for deduction of Zakat from specific bank accounts at Rs.38,406. The Zakat will be...