Karachi, April 17, 2024 – The State Bank of Pakistan (SBP) has wielded its regulatory authority, imposing a hefty penalty of Rs 776 million on several banks and an exchange company for breaching regulations during the first quarter of 2024, which ended on March 31.
(more…)Money and banking drive economic activity by facilitating transactions, savings, and investments. Banks manage financial resources, offer credit, and regulate money supply, ensuring stability and growth in Pakistan’s financial sector.
