Latest

SBP issues guidelines for Development Finance Institutions to undertake Shariah compliant business

Karachi, October 02, 2020: To enlarge the scope of Shariah compliant financial services in the country, State Bank of Pakistan (SBP) has taken another important step by issuing guidelines for Development Finance Institutions (DFIs) to undertake Shariah compliant businesses and operations. Further, keeping in view the various developments, such as changes in the licensing and…

Read More

SBP enhances loan limits and expands relief measures for microfinance borrowers

Karachi, August 11, 2020: State Bank of Pakistan (SBP) has enhanced the limits for housing finance and microenterprise loans up to Rs3 million from the existing limit of Rs1 million for borrowings from the microfinance banks. Likewise, the maximum size of general loans has been enhanced from Rs150,000 to Rs350,000. Further, to commensurate with enhanced…

Read More

SBP enhances scope of its Renewable Energy Refinance Scheme to encourage production of clean energy

Karachi, July 22, 2020: State Bank of Pakistan (SBP) has enhanced the scope of its Refinance Scheme for Renewable Energy by allowing financing under category III of the scheme to solar and wind based energy sale companies. In light of the feedback received from stakeholders, the size of the project established by vendor/ supplier/ energy…

Read More