Friday, August 19, 2022

SBP

SBP instructs commercial banks to digitize corporate payments

Towards digitization of payments and receipts in the corporate sector, SBP has now made it mandatory for its regulated entities (REs) including banks, microfinance banks, payment system operators, and payment system providers to provide digital means of payments to...

SBP announces Interest-free loans for meritorious students under SL scheme

The Apex Committee for Student Loan Scheme having representation from State Bank of Pakistan, Finance Division (Government of Pakistan), and five major banks (NBP, HBL, UBL, ABL and MCB Bank) has approved Rs 82.6 million as interest-free loans to...

SBP releases second quarterly report on Pakistan’s economy for FY21

State Bank of Pakistan released its Second Quarterly Report on The State of Pakistan’s Economy for the fiscal year 2020-21 on Thursday. The report highlights the strengthening of the economic recovery during the second quarter of the fiscal year. This...

APF appoints Saleem Ahmad, Chairman NIC LUMS, to its BoD

American Pakistan Foundation (APF) has announced the appointment of Saleem Ahmad, Chairman, National Incubation Center Lahore (NICL), LUMS to its board of directors. With this appointment, APF hopes to foster stronger ties with Pakistan’s entrepreneurial ecosystem and serve as...

SBP keeps interest rate unchanged at 7 percent

Monetary Policy Committee (MPC) of State Bank of Pakistan has decided to maintain the policy rate at 7 percent. Since its last meeting in March, the MPC was encouraged by the further upward revision in the FY21 growth forecast...

KU holds webinar on Autonomy of SBP

Autonomy of State Bank of Pakistan (SBP) would be beneficial for the economy., as developed countries have independent central banks.These were the views of famous economists and research fellow of Sustainable Development Policy Institute (SDPI) Dr.Sajid Amin Javed on...

Imran Khan lauds SBP, Overseas Pakistani’s support as RDA crosses US 1 bln mark

Prime Minister Imran Khan paid rich tribute to Overseas Pakistanis for their overwhelming response to the Roshan Digital Account (RDA). He said their support and vote of confidence have been pivotal in making the initiative a big success within...

Governor SBP Dr Reza Baqir appointed as Deputy Chairman IFSB

The Islamic Financial Services Board (IFSB) Council in its 37th meeting, held on 10th December 2020, appointed Governor State Bank of Pakistan, Dr. Reza Baqir, as the Deputy Chairman of the Council for the year 2021. IFSB Council is the...

SBP calls meeting of Bank Presidents, top builders on Naya Pakistan Housing Program

Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks on Wednesday for deliberations on the measures proposed by Naya Pakistan Housing and Development Authority (NAPHDA) and identify a way forward to ensure sustainable market-led...

IMF Staff Concludes Visit to Pakistan

An International Monetary Fund (IMF) mission, led by Ernesto Ramirez Rigo, visited Islamabad and Karachi during September 16–20, 2019 to take stock of economic developments since the start of the Extended Fund Facility (EFF) and discuss progress in the...
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Fatima Fertilizer receives intl. gold-standard acclaim for best HSE performance

Fatima Fertilizer recently received international acclaim from the International Fertilizer Association (IFA) through the Green Leaf Award which recognizes...
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