SBP voted as best central bank for promoting Islamic finance

KARACHI:State Bank of Pakistan (SBP) has been voted as the Best Central Bank in promoting Islamic finance for the fourth time by a poll conducted by Islamic Finance News (IFN), REDmoney Group Malaysia, Wednesday. This is the second international award bestowed upon

Only 18% percent of adult women have active bank account: SBP

KARACHI:State Bank of Pakistan (SBP) said in a statement on Saturday that it is all set to launch consultation on banking on equality policy for reducing the gender gap in financial inclusion.   Women’s access to financial and economic opportunities is essential

Workers’ remittances above $2bn in October

Karachi:State Bank of Pakistan (SBP) here Thursday said the workers’ remittances remained above $2.0 billion for the fifth consecutive month in October 2020. Workers’ remittances amounted to $2.3 billion during October 2020, increasing by 14.1 percent compared to October 2019. During Jul-Oct

SBP sees banking sectors performance satisfactory

KARACHI:State Bank of Pakistan (SBP) has issued the Mid-Year Performance Review (MPR) of the Banking Sector for the year 2020. The review comprehensively covers the performance and soundness of the banking sector for the period January to June 2020 (H1CY20).   According

Workers’ remittances continue to rise

KARACHI:State Bank of Pakistan has said that workers’ remittances remained above $2 billion for the fourth consecutive month in September. They increased to $2.3 billion, 31.2 percent higher than the same month last year and nine percent higher than in August, said

Clarification on Foreign Currency Accounts Rules 2020

Karachi:State Bank of Pakistan Sunday said that on 6th October 2020, the Federal Government issued Foreign Currency Accounts Rules, 2020 under the provisions of Protection of Economic Reforms Act, 1992. There has been no change in the general or special permissions given