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…
Karachi, November 7, 2018: After the State Bank of Pakistan’ categorically denial on data hacking, Pakistani banks are also react on cyber attack issue to restore customers’ confidence. Following the directives of the State Bank, a number of banks have issued statements on cyber attack issue to ensure that customers data is saved. Most of…
′Karachi, Nov 6, 2018: The State Bank of Pakistan (SBP) Tuesday denied reports of data hacking of the banks. “It has been noted with concern news items reporting that the data of most banks has been hacked. SBP categorically rejects such reports. There is no evidence to this effect nor has this information been provided…
KARACHI, November 1, 2018: The State Bank of Pakistan’s (SBP) posted a significant decline of some 26 percent during the last fiscal year (FY18) mainly due to rising foreign exchange losses. The SBP on Thursday released its annual performance review for the last fiscal year, which revealed that Pakistan’s central bank’s profit for FY18 witnessed…