bank deposits Archives - Page 3 of 5

Bank Deposits in Pakistan Hit New Peak at Rs 26.40 Trillion

November 10, 2023November 10, 2023Shahnawaz Akhter

Karachi, November 10, 2023 – Bank deposits in Pakistan have hit new peak at Rs 26.40 trillion by the end of October 2023, according to official data released on Friday by the State Bank of Pakistan (SBP).

Bank Deposits Soar to New Record High at Rs 26.32 Trillion

October 16, 2023October 16, 2023Shahnawaz Akhter

Karachi, October 16, 2023 – Official data released on Monday has revealed that bank deposits in Pakistan have achieved an unprecedented milestone, reaching a new record high of Rs 26.32 trillion by the end of September 2023.

SBP Reaffirms Bank Depositor Safety Through Insurance Cover

October 5, 2023October 5, 2023Faisal Shahnawaz

Karachi, October 5, 2023 – The State Bank of Pakistan (SBP) has reiterated that bank depositors in the country are fully protected through insurance coverage, addressing concerns raised in certain media reports.

Private Sector Bank Deposits Soar by 21% as Investors Seek Secure Havens

September 19, 2023September 19, 2023Shahnawaz Akhter

Karachi, September 18, 2023 – The private sector in Pakistan has shown a significant surge in bank deposits, increasing by a remarkable 21 percent. This uptick reflects a growing preference for secure investments in the face of ongoing economic challenges.

Bank Deposits Reach New Record High at Rs 26.11 Trillion

September 13, 2023September 13, 2023Shahnawaz Akhter

Karachi, September 12, 2023 – Pakistan’s bank deposits have surged to a historic high, reaching Rs 26.11 trillion by the end of August 2023, as per data released by the State Bank of Pakistan (SBP) on Tuesday.

Record High Bank Deposits Reach Rs25.70 Trillion in Pakistan

August 9, 2023August 9, 2023Shahnawaz Akhter

Karachi, August 9, 2023 – Deposits in commercial banks in Pakistan have reached an all-time high of Rs25.70 trillion by the end of July 2023, driven by the country’s highest interest rates.

Bank Deposits Reach Record High of Rs25.51 Trillion Amidst Highest Interest Rate

July 13, 2023July 13, 2023Shahnawaz Akhter

Karachi, July 13, 2023 – The deposits in commercial banks have soared to a record high of Rs25.51 trillion by the end of June 2023, driven by the prevailing highest interest rate in the country.

Massive Rs150 billion withdrawal hits Pakistan banking system in April 2023

May 11, 2023May 11, 2023Faisal Shahnawaz

In April 2023, the banking system in Pakistan experienced a massive withdrawal of Rs150 billion, leading to a decline in total deposits from the previous month’s record high.

Tax elimination, high interest rate make banking system heaven for investment

March 21, 2023March 21, 2023Hamza Shahnawaz

KARACHI: Elimination of tax on transactions and high interest rates have made banking system a heaven for investment.

Banking deposits grow to historic high as SBP makes return attractive

March 15, 2023March 15, 2023Hamza Shahnawaz

KARACHI: Banking deposits have grown to historic high level of Rs 22.92 trillion by February 2023, according to data released by State Bank of Pakistan (SBP) a day earlier.

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