SBP spikes profit rate on saving accounts
Pakistan – On Monday, the State Bank of Pakistan (SBP) Announced that the profit rate on savings accounts would be spiked by 1.5 pc to a minimum of 7.25 pc by Dec 1. In case…
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Pakistan – On Monday, the State Bank of Pakistan (SBP) Announced that the profit rate on savings accounts would be spiked by 1.5 pc to a minimum of 7.25 pc by Dec 1. In case…
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The State Bank of Pakistan’s (SBP) foreign exchange reserves have increased by $13 million to $16,119.4 million. The rise was reported by the SBP on Thursday in its weekly report for the week ending on…
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State Bank’s deputy governor Sima Kamil said, Friday, that the country’s banks have now have a regulated structure of charging customers for fund transfer services online. She termed it a “price-control” mechanism as the situation…
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The government, in its recently announced Federal Budget, abolished a withholding tax on cash withdrawal from non-cash banking transfers and the banking system, a step taken to provide relief to the general public. Some experts…
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For consecutively the second time, the State Bank of Pakistan (SBP) has not issued fresh currency notes in view of Eid-ul-Fitr. This means that the usual custom of giving out fresh and crisp notes in…
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Pakistan posted a current account deficit of $47 million in March, making it the fourth month in a row to record a shrink in the balance. However, the first nine months of FY21 saw an…
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Remittances to Pakistan increased by 14.1 percent year on year to $2.3 billion, clocking in above the $2bn mark for the fifth consecutive month in a row, the latest figures released by the State Bank…
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The State Bank of Pakistan earned a record profit of Rs1.16 trillion during the fiscal year 2019-20 ended on June 30, compared to a loss of Rs1.043bn during the same period last fiscal year, data…
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The State Bank of Pakistan (SBP) on Tuesday introduced a transparent mechanism, with complete delegation to banks, for remitting disinvestment proceeds to facilitate foreign direct investment (FDI). Under the new mechanism, the banks will be…
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Senator Shibli Faraz, the federal government’s information minister on Tuesday said the CPEC Authority Chairman Asim Bajwa will share details around the recently released story on his ownership in million-dollar Papa John’s Pizza chain. Earlier…
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