Karachi, February 13, 2023 (PPI-OT):Workers’ remittances recorded an inflow of US$1.9 billion during Jan 23. During Jan 23, remittances decreased by 9.9 percent on m/m and 13.1 percent on y/y basis. With cumulative inflow of US$ 16 billion during first...
Karachi, January 29, 2023 (PPI-OT):There has been a narration in print and electronic media that suggests that capping the price of dollar caused loss of $3 billion in remittances and exports. SBP would like to respond to this view, which...
Karachi, January 27, 2023 (PPI-OT):National Institute for Banking and Finance Pakistan (NIBAF) and CFA Society Pakistan (CFASP) signed a Memorandum of Understanding (MOU) to collaborate for capacity development of professionals working in banking industry, development finance institutions, stock exchanges, and...
Karachi, January 13, 2023 (PPI-OT):To facilitate exporters of software, IT and IT Enabled Services, State Bank of Pakistan (SBP) has amended its foreign exchange regulations, advising the banks to mandatorily allow, till March 31, 2023, retention of 35% of their...
Karachi, January 13, 2023 (PPI-OT):State Bank of Pakistan (SBP) has issued no objection certificates to the following five (05) applicants for establishing digital banks: (i) Easy Paisa DB (Telenor Pakistan B.V and Ali Pay Holding Ltd.)1 ; (ii) Hugo Bank...
Karachi, January 13, 2023 (PPI-OT):1. Workers’ remittances recorded an inflow of US$2.0 billion during Dec 22. 2. During Dec 2022, remittances decreased by 3.2 percent on m/m and by 19.0 percent on y/y basis. 3. With cumulative inflow of US$...
Karachi, November 09, 2022 (PPI-OT):The State Bank of Pakistan organized a Sustainable Banking Conference, in collaboration with IFC, a member of the World Bank Group, today in a local hotel in Karachi. The objective of the conference was to create...