Karachi, March 04, 2024 : Faysal Bank Limited (FBL), a leading Islamic financial institution of Pakistan, has partnered with State Bank of Pakistan (SBP) for ‘Pakistan Financial Literacy Week 2024’. Committed to fostering financial education and inclusivity, FBL furthers its pledge to complement the SBP efforts for this resourceful initiative of empowerment. Expressing his views…
Islamabad, January 30, 2024 : State Bank of Pakistan (SBP) has initiated the process for designing and issuing a New Banknotes Series of all existing denominations. It is an established practice of central banks to introduce new banknote series after every fifteen to twenty years to secure the integrity of banknotes and align them with…
Karachi, January 29, 2024 : AlBaraka Forum for Islamic Economy in collaboration with the Islamic Chamber of Commerce and Development (ICCD) hosted the 2nd AlBaraka Regional Conference to shed light on the crucial role of home remittances in Pakistan and their impact on sustainable development. The conference served as a platform to discuss the multifaceted…
Pakistan, January 17, 2024 : Pakistan recorded its highest-ever monthly exports of $303 million, up 17 percent MoM and 23 percent YoY in December 2023 with the average of $222 million in IT exports in the past 12-months. According to the details, the IT sector witnessed a surge in its exports due to a relaxation…
Overseas Pakistani workers’ remittances saw a 6.8% decrease, totaling $13.435 billion in the initial six months of FY2023-24, as per the State Bank of Pakistan (SBP). As per the State Bank of Pakistan (SBP) data, remittances from overseas Pakistani workers amounted to $13.435 in the initial six months of the current fiscal year, in contrast…