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…Read More
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…Read More
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…Read More
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…Read More
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…Read More
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