Karachi, March 13, 2024 – In a testament to the digital transformation sweeping Pakistan, the State Bank of Pakistan (SBP) announced on Wednesday that the number of mobile banking users in the country reached an impressive 16 million by the close of December 31, 2023.
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Finance Minister Prioritizes Tax System Digitization
Islamabad, March 13, 2024 – Finance Minister Muhammad Aurangzeb declared the documentation of the economy and the complete digitization of the tax system as the government’s foremost priorities during his visit to the Federal Board of Revenue (FBR) Headquarters on Wednesday.
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Govt. Bank Borrowing Surges 104% to Rs 4.13 Trillion in 8MFY24
Karachi, March 12, 2024 – Recent data released by the State Bank of Pakistan (SBP) on Tuesday reveals a staggering 104 percent surge in government bank borrowing, reaching Rs 4.13 trillion during the first eight months (July – February) of the fiscal year.
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Pakistan Witness 41% Drop in Car Sales During 8MFY24
Karachi, March 12, 2024 – Pakistan has experienced a significant downturn in car sales during the first eight months (July – February) of the current fiscal year 2023-24, with a staggering 41 percent drop compared to the same period in the previous fiscal year.
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Bank Deposits Soar to Historic High of Rs 27.89 Trillion in Pakistan
Karachi, March 12, 2024 – Official data released on Tuesday reveals that bank deposits in Pakistan have surged to an unprecedented high of Rs 27.89 trillion by the end of February 2024.
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Former HBL CEO Assumes Role as Pakistan’s Finance Minister
Islamabad, March 12, 2024: Muhammad Aurangzeb, the former Chief Executive Officer (CEO) of Habib Bank Limited (HBL), has officially assumed the role of Pakistan’s Finance Minister.
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Bank Holiday Today, March 12, for Zakat Collection in Pakistan
Karachi, March 12, 2024: In anticipation of the forthcoming holy month of Ramadan ul Mubarak, all banks across Pakistan will observe a bank holiday today, March 12, 2024.
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PM Shehbaz Stresses Upon Undersea Exploration for Oil and Gas
Islamabad, March 11, 2024 – In a significant move to harness Pakistan’s untapped natural resources, Prime Minister Shehbaz Sharif chaired a high-level meeting on Monday, highlighting the urgent need for undersea exploration to identify and utilize potential oil and gas reserves.
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State Bank of Pakistan Notifies Bank Timings for Ramadan 2024
Karachi, March 11, 2024 – As the holy month of Ramadan approaches, the State Bank of Pakistan (SBP) has officially released the schedule for bank timings during this sacred period.
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Investment in Saving Certificates Drops by 12% in Pakistan
Karachi, March 11, 2024 – Pakistan has witnessed a substantial decline of 12 percent in investment in saving certificates during February 2024, compared to the same month a year ago, according to official statistics released by the State Bank of Pakistan (SBP).
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