KARACHI, September 18, 2023: Pakistan Stock Exchange (PSX) witnessed a slight uptick on the first day of the week, closing the benchmark KSE-100 index at 45,803 points, signifying a 0.11 percent increase, equivalent to a gain of 49 points. Throughout the trading session, the market index remained relatively stable, with investors displaying limited enthusiasm. Banks, E&P,…
KARACHI, September 18, 2023: The SBP Banking Services Corporation (SBP BSC) has launched the Agriculture Finance Literacy Program (AFLP) through a series of five workshops conducted nationwide. This flagship initiative, as recommended by the Agricultural Credit Advisory Committee, seeks to raise awareness among the farming community regarding available financial schemes and government-driven initiatives. AFLP stands…
Karachi, September 18, 2023: The Khushhali Microfinance Bank Limited and HBL Konnect have signed an agreement, enabling payments for Khushhali Bank customers through HBL Konnect branchless banking and agents network across Pakistan. The agreement marks a significant step taken by KMBL to incorporate partners from the digital payments industry to transform its infrastructure, thereby facilitating…
Karachi, September 14, 2023: Pakistan Single Window (PSW) and the Sindh Excise, Taxation & Narcotics Control (ET&NC) Department have signed a Memorandum of Understanding (MOU) following the integration of the Sindh ET&NC Department with the PSW. Sindh ET&NC services such as collection of the Sindh Infrastructure Development Cess (SIDC), submission of applications/requests for SIDC exemption/waiver,…
Karachi, September 14, 2023: The Monetary Policy Committee of State Bank of Pakistan (SBP), in a meeting held on Thursday, decided to keep the policy rate unchanged at 22 percent as latest inflation trends is on declining path since reaching its peak of 38 percent in May to 27.4 percent in August 2023. Despite recent…