e-banking transactions share reaches 85% of total payments

e-banking transactions share reaches 85% of total payments

Karachi, Septmeber 27, 2023: Digital transactions continued growth trajectory owing to the increased consumers’ preference for digital channels of mobile and internet banking for meeting their financial needs. Overall, mobile and internet banking transactions witnessed an annual growth of 57 percent by volume and 81 percent by value during the last fiscal year (FY23). The…

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Agriculture Finance Literacy Program

Launch of Agriculture Finance Literacy Program

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…

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Exchange Companies (B-Category) license to cancel in one month

SBP introduces structural reforms for Exchange Companies

Exchange Companies’ (B-Category) license to cancel KARACHI, September 6, 2023: The State Bank of Pakistan has decided to introduce structural reforms in the Exchange Companies’ sector. As part of these reforms, leading banks actively engaged in foreign exchange business will establish wholly owned Exchange Companies to cater to the legitimate foreign exchange needs of general…

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