Karachi, January 17, 2019: In order to encourage banks to collect more funds for construction of Dams, State Bank of Pakistan (SBP) has announced to reimbursement of TT Charges on dam fund remittances transactions. SBP has announced that the amount received by domestic banks from overseas Pakistanis as donations/contributions for the ‘Prime Minister and Chief…
Karachi, January 14, 2019: In order to create awareness about the National Financial Literary Program (NFLP) and more specifically, sensitize the masses regarding the on-ground execution, the State Bank of Pakistan (SBP) has decided to launch a dedicated NFLP mass media campaign from January 15, 2019 through print, radio and social media. It is important…
Karachi, January 10, 2018: The State Bank of Pakistan (SBP) on Thursday categorically denies a Report relating to the bank accounts of Pakistan Tehreek-i-Insaf (PTI) to the Election Commission of Pakistan (ECP). SBP neither maintains the database of banks’ individual accountholders nor possesses any related information / record thereof. Banks being the custodian of customers’ information may directly provide this…
Karachi, November 30, 2018: The State Bank of Pakistan (SBP) on Friday announced to increase the key policy rate by 150 basis points (bps) to 10 percent. The decision was taken in a meeting of Monetary Policy Committee chaired by Tariq Bajaw Governor SBP held at SBP head office Karachi. According to a statement issued…
Karachi, November 7, 2018: The Pakistan Banks’ Association (PBA) has established a dedicated cyber security forum to facilitate the banks. PBA is the sole representative body of banks & DFIs operating in Pakistan. In view of the recent reports circulating in the media around the data hacking of Pakistani banks, a spokesperson of the PBA…
