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SBP’s Rs. 75 Commemorative Note Made Available for Public from Today

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The State Bank of Pakistan (SBP) issued a commemorative banknote of Rs. 75 on the occasion of the 75th anniversary of Pakistan’s independence. The design...

ITFC committee to visit Pakistan to discuss Annual Financing Plan

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From October 3 to October 5, 2022, a five-person delegation from the International Islamic Trade Finance Corporation (ITFC), led by its Chief Operating Officer...

YAP Pakistan partners with Bank Alfalah to launch B2B financial services

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YAP Pakistan, the first regional financial super app providing consumers and businesses with a one-stop shop of innovative financial products, has partnered with Bank Alfalah,...

Fintech Safepay secures pilot licence from SBP

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Karachi-based fintech Safepay announced that it has received approval for pilot operations as a payment service operator/provider from the State Bank of Pakistan (SBP). According...

Govt Rakes Up Rs467 bn From T-Bill Auction

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The government raised Rs. 467 billion against an initial target of Rs. 550 billion and maturity of Rs. 429 billion in the auction, according...

Miftah Ismail Vows Nation Will Meet Bond Payments

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Pakistan sees a way out of its current economic crisis without default, thanks to progress on a stalled International Monetary Fund loan and spending...

Pakistan’s Current Account Deficit Hits $2.28bn In June, Up 59% Month-On-Month

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Pakistan's current account deficit for June stood at $2.28 billion, revealed data released by the State Bank of Pakistan (SBP), up 59% compared with...

6-Month Karachi Inter-Bank Offered Rate Hits All-Time High at 15.87%

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The 6-Month Karachi Inter-Bank Offered Rate (KIBOR), an equilibrium interest rate for a given tenor at which banks want to lend money to other...

Roshan Digital Account Inflows Surge by $250 Million

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According to the State Bank of Pakistan (SBP), foreign exchange inflows through the Roshan Digital Accounts (RDAs) totalled $4.606 billion by the end of...

JS Bank to Provide Digital Account Opening Services on WhatsApp

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For the first time in Pakistan, JS Bank will now offer its clientele the facility to open an account digitally via its WhatsApp Bot...
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