FIA alleges bank tried to conceal hacking incident: Report
Minister of State for Revenue Hammad Azhar on Friday told the Senate that hackers had stolen $6 million from the accounts of 6,000 BankIslami customers within 23 minutes last month
SBP directs banks to obtain 100pc cash margins on commodity imports
KARACHI: The State Bank of Pakistan (SBP) on Monday directed all banks to obtain 100 per cent cash margins on the import...
SBP devises trades mechanism for transactions between Pakistan, Iran
The State Bank of Pakistan (SBP) and Bank Markazi Jomhouri Islami Iran (BMJII) have devised a payment settlement mechanism to settle the...
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...
Foreign reserves declined by $537.8m this week
KARACHI: Total liquid foreign reserves of the country declined by $537.8 million to $20.830 billion this week compared to $21.368 billion last...
SBP launches Systemic Risk Survey
KARACHI:Â State Bank of Pakistan (SBP), has rolled out a Systemic Risk Survey (SRS) to gauge the views of market participants and experts...
Forex reserves shrink to $11.4bn
KARACHI: Declining by 1.4 per cent on a weekly basis, the country's foreign exchange reserves held by the State Bank of Pakistan (SBP)...
SBP raises policy rate by 50 basis points to 6.5 percent
Pakistan's economic growth provisionally was expected to reach a thirteen-year high of 5.8 percent for outgoing financial year 2017-18
SBP revises PR for housing finance
The State Bank of Pakistan on Tuesday made some changes in the Prudential Regulations for Housing Finance and directed all banks and...
SBP to bolster vigilance mechanism for monitoring foreign banking operations
Karachi: Governor State Bank of Pakistan, Tariq Bajwa on Tuesday said measures will be undertaken to bolster vigilance mechanisms for tracking international...
World Bank leadership search likely to end with US candidate
The search for a new leader for one of the most high-profile global organizations begins Thursday and seems likely to end again...
Decrease tax rate for banks earning income from providing financing to SME’s: SBP
LAHORE: The State Bank of Pakistan in its recently launched policy for promotion of Small and Medium Enterprises (SMEs) has proposed decrease...
Traders, business community urges govt to sign currency swap agreement with UAE
KARACHI: The trading and business leaders have urged the government to enter into a currency swap agreement with UAE, considering the recent...
Market Daily: PSX falls another 107 points totaling 1760 since last five sessions
LAHORE: Pakistan equity markets extended the bearish trend wherein the index fell by 107 points, stretching the decline in the index to...
SBP governor stresses technology utilisation for agricultural productivity
Banks urged to enhance their outreach in terms of agricultural infrastructure by hiring agriculture credit officers
KARACHI: State Bank of Pakistan (SBP)...