SBP issues Islamic financing scheme for renewable energy projects

KARACHI: State Bank of Pakistan (SBP) on Wednesday issued a new scheme of Islamic financing for renewable energy power projects. Read more »

Meezan Bank, CarFirst sign MoU for Islamic financing

KARACHI: Meezan Bank, Pakistan’s leading Islamic bank has signed a Memorandum of Understanding (MoU) with CarFirst to provide Shariah-compliant financing solutions to customers for the purchase of used cars. Read more »

Rupee makes gain in interbank

KARACHI: The Pak Rupee gained two paisas against dollar on Wednesday owing to lower demand for import payments and contraction in current account deficit. Read more »

Rupee gains two paisas in interbank market

KARACHI: The Pak Rupee gained two paisas against dollar in interbank foreign exchange market on Tuesday as inflows are providing support to the local currency. Read more »

Banking system witnesses massive withdrawal of Rs711 billion in July

KARACHI: The banking system has witnessed massive withdrawal of an amount around Rs711 billion during July 2019 after reaching record high deposits by end of June 2019. Read more »

Rupee gains 34 paisas on improved foreign inflows

KARACHI: The Pak Rupee gained 34 paisas against dollar on Monday as inflows of home remittances and export receipts helped the local unit to appreciate. Read more »

SBP sets maximum payment limits for board members of banks, DFIs

KARACHI: The State Bank of Pakistan (SBP) on Saturday amended Prudential Regulations G-1 and sets maximum limits for payment to board members of banks and Development Financial Institutions (DFIs). Read more »

Rupee slips by 52 paisas in interbank

KARACHI: The Pak Rupee fell by 52 paisas against dollar on Friday owing to high demand for the foreign currency as market was opened after week-long holidays. Read more »

SBP to monitor ATMs working during Eid holidays

KARACHI: State Bank of Pakistan (SBP) will monitor the working of Automated Teller Machines (ATMs) during Eid holidays to ensure uninterrupted availability of cash. Read more »

Rupee ends down on dollar demand ahead of week-long holidays

KARACHI: The Pak Rupee ended down by 19 paisas against dollar on Friday owing to higher demand for import payments ahead of Eid and weekly holidays. Read more »

SBP imposes penalty on four banks for violating AML/KYC

KARACHI: The State Bank of Pakistan (SBP) has imposed penalty of Rs184.64 million upon four commercial banks for violating laws related to Anti-Money Laundering (AML)/Know Your Customer (KYC). Read more »

Rupee ends unchanged against dollar

KARACHI: The Pak Rupee ended unchanged against dollar on Thursday despite inflows of remittances and export receipts. Read more »