1. Home
  2. Banking

Category: Banking

Pakistan Post to become a Pakistan Post Bank

Pakistan Post to become a Pakistan Post Bank

The government on Monday said the country’s postal service “Pakistan Post” will now be turned to the Pakistan Post Bank after international financial regulators raised questions over the lack of documentation with respect to the

SBP announces surprise 100 basis point rate cut

SBP announces surprise 100 basis point rate cut

The State Bank of Pakistan (SBP), in a surprise monetary policy committee (MPC) meeting on Thursday, cut the interest rate by 100 basis points to seven per cent.  Thursday’s cut is fifth in the last

SBP fixes Nisab for Zakat deduction on bank accounts

SBP fixes Nisab for Zakat deduction on bank accounts

On Monday, the SBP fixes Nisab for Zakat deduction on bank accounts as the RS46329 for the current year to be nisab for Zakat, according to a declaration. SBP/ Handout through The News "No deduction of