SBP notifies amendments to consumer financing regulations

KARACHI: State Bank of Pakistan (SBP) on Friday notified amendment in the Regulation R-4 of Prudential Regulations for Consumer Financing. Following are the amendments notified by the central bank: REGULATION R-4: GENERAL... Read more »

SBP issues revised features of PM’s youth business loan

KARACHI: State Bank of Pakistan (SBP) on Friday issued revised features of Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme. The SBP said that the government had approved revision in key features of... Read more »

Rupee gains 23 paisas against dollar on improved inflows

KARACHI: The Pak Rupee strengthened by 23 paisas against dollar on Friday owing to better inflows and improved foreign exchange reserves of the country. The rupee ended 166.35 to the dollar from... Read more »

Meezan Bank to launch digital payments using Haball platform

KARACHI: Haball, Pakistan’s leading B2B payments automation platform, in partnership with Meezan Bank – Pakistan’s first and largest Islamic bank, has recently announced the launch of Blink Direct, a service that will... Read more »

Rupee gains 18 paisas on improved inflows

KARACHI: The Pak Rupee gained 18 paisas against dollar on Thursday owing to improved inflows of export receipts and workers’ remittances. The rupee ended at Rs166.58 to the dollar from previous day’s... Read more »

SBP revises banking timings from July 13

KARACHI: State Bank of Pakistan (SBP) on Thursday revised timings for banks and microfinance banks to be observed from July 13, 2020. The central bank said that effective from July 13, 2020,... Read more »

SBP asks banks not to accept institutional investment in saving schemes

KARACHI: State Bank of Pakistan (SBP) on Thursday informed banks about restriction imposed on institutional investment in saving schemes. The central bank said that the Central Directorate of National Savings (CDNS) on... Read more »

Pak Qatar Family Takaful to offer products, services through digital media

KARACHI: Pak-Qatar Takaful Group has decided to use digital media to offer its products and services in the wake of COVID-19 in order to provide the best possible convenience to its valuable... Read more »

Rupee gains 19 paisas in interbank

KARACHI: The Pak Rupee gained 19 paisas against dollar on Wednesday owing to improved inflows of export receipts, dealers said. The rupee ended Rs166.76 to the dollar from previous day’s closing of... Read more »

SBP slashes refinance rate to five percent for temporary, long term schemes

KARACHI: State Bank of Pakistan (SBP) has decided to reduce the mark up rates on temporary economic refinance facility (TERF) to five percent from 7 percent and on long term financing facility... Read more »