Karachi:Building upon its earlier measure of setting mandatory target for banks to extend mortgage loans and financing for developers and builders, State Bank of Pakistan (SBP) has introduced a mechanism to incentivize meeting these targets. The mechanism also penalizes the banks for
Karachi:State Bank of Pakistan (SBP) Friday said that to enlarge the scope of Shariah compliant financial services in the country, State Bank of Pakistan (SBP) has taken another important step by issuing guidelines for Development Finance Institutions (DFIs) to undertake Shariah compliant
Karachi:State Bank of Pakistan said on Monday that its Monetary Policy Committee (MPC) in a meeting today decided to keep the policy rate unchanged at 7 percent. The MPC noted that compared to the time of the last meeting in June 2020,
Karachi:State Bank of Pakistan (SBP) here Thursday said the total liquid foreign reserves held by the country stood at US$19,959.0 million on 11-September-2020. The break-up of the foreign reserves position is as under: i) Foreign reserves held by the State Bank of
Karachi:State Bank of Pakistan said on Monday that in August, workers’ remittances remained above $2 billion for the third month in a row. They reached $ 2.095 billion, which is 24.4 percent higher than during the same month last year and largely
Islamabad:Prime Minister Imran Khan today inaugurated the Roshan Digital Account in a ceremony in Islamabad. The Roshan Digital Account is a new initiative of the State Bank of Pakistan (SBP) in partnership with major banks in Pakistan. The Roshan Digital Account is
Karachi, February 12, 2018 (PPI-OT): Overseas Pakistani workers remitted US $11383.47 million in the first seven months (July to January)…