pakistan
On Tuesday, President Dr. Arif Alvi emphasised that banks should ensure foolproof security of account holders' data and deposits. His statement holds importance amid increasing cybercrimes all over the world. Alvi was presiding over a
pakistan
A homeless person in Lahore has been found to own two accounts with a combined balance of around four billion rupees in a Swiss Bank. The man, identified as Muhammad Javed, has never travelled abroad
pakistan
The State Bank of Pakistan (SBP) has decided against opening the Afghanistan Relief Fund. Fearing the Financial Action Task Force (FATF) sanctions, it has requested the federal government to reanalyse its decision. The federal government
pakistan
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
pakistan
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
pakistan
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
pakistan
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
Naveed
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
Naveed
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
Shoaib Ansari
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
