Monday, June 21, 2021
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Tag: SBP

SBP and JazzCash join hands to increase financial literacy among youth

KARACHI: National Institute of Banking and Finance (NIBAF) — a subsidiary of the State Bank of Pakistan (SBP) — and JazzCash have signed a...

SBP asks banks to upgrade housing finance model

KARACHI: In order to facilitate low-cost housing finance applicants with informal income, the State Bank of Pakistan (SBP) has asked banks to develop and...

Banks to charge 0.1% fees on online transactions above Rs25,000

KARACHI: Pakistani banks will charge 0.1 per cent fees on digital transactions of above Rs25,000 from July 1, 2021, said Seema Kamil, deputy governor...

SBP governor appointed as chairperson of General Assembly of Islamic Financial Services Board

KARACHI: State Bank of Pakistan Governor Dr Reza Baqir has been appointed as the chairman of the General Assembly of Islamic Financial Services Board...

Remittances amount to $2.5bn, 33.5pc higher than May 2020

Remittances continued their exceptional streak in May 2021, remaining above $2 billion for a record 12th straight month. Remittances received during May 2021 amounted to...

SBP allows ‘mentally disordered’ persons to open bank accounts

KARACHI: The State Bank of Pakistan (SBP) has provided major facilitation to mentally disordered persons by allowing them to open a bank account through...

Pakistani fin-tech start up to start offering services in June

Pakistan based fintech start-up, TAG Innovation Pvt. will start offering financial services in the month of June. It will launch with a limited number of...

SBP 2nd Quarterly Report: Growth in every sector shows economic recovery

KARACHI: The second quarterly report issued by the State Bank of Pakistan (SBP) on Thursday paints a rosy picture of the economy showing growth...

SBP amends capital adequacy regulations to boost real estate sector

KARACHI: In order to provide further support to the development of the real estate sector, the State Bank of Pakistan (SBP) has amended its...

Interest rate maintained to continue stimulus for market: SBP governor

KARACHI: The State Bank of Pakistan Governor Reza Baqir said in his interview earlier Tuesday to Bloomberg Markets: Asia that the monetary policy committee...

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