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SBP enables account opening through digital channels

Business Feature Writer
The State Bank of Pakistan (SBP) on Wednesday said with the rapid growth in adoption of electronic banking channels, especially amidst the COVID-19 pandemic, the demand from bank and customers for digital financial transactions...

SBP to Announce Monetary Policy on Sept 20

Business Feature Writer
The Monetary Policy Committee of SBP will meet on Monday, September 20, 2021, at SBP Karachi to decide about the Monetary Policy. Later on, SBP will issue the Monetary Policy Statement through...

SBP Unveils Policy to Enhance Financial Inclusion of Persons with Disabilities

Business Press Release
State Bank of Pakistan (SBP) on Monday unveiled a policy to enhance the financial inclusion of persons with disabilities (PWDs), according to a statement issued by the central bank. The President of Pakistan,...

SBP Allows Banks to Charge Fee on High Value Transactions of Interbank Fund

Business Feature Writer
State Bank of Pakistan (SBP) allowed banks to charge a minimal fee on high-value transactions of Interbank Fund Transfer (IBFT). The central bank in a statement said that the new instructions allow banks...

SBP Makes Changes for Facilitating Trade Through Online Marketplace

Business Feature Writer
State Bank of Pakistan (SBP) on Monday proposed amendments to foreign exchange manual to facilitate Pakistani exporters to sell their products though online marketplace such as Amazon, e-Bay, Ali Baba etc. The SBP...

For the First in Pakistan, SBP Allows Mentally Disordered Persons to Open Bank Account

Business Feature Writer
State Bank of Pakistan (SBP) has allowed mentally disordered persons to open bank account through a well-defined account opening process, a statement said on Tuesday. The process has been devised after thorough consultation...

SBP Revises Banking Hours for Public Dealing

Business Feature Writer
The State Bank of Pakistan (SBP) has revised banking hours for public dealings effective from Monday May 17, 2021. The SBP said that as per new schedule the banks and microfinance banks to...

Bank Timings: Banks to Remain Open on 10th, 11th May

Business Feature Writer
The banks shall remain open on May 10 – 11, 2021 to facilitate general public and trade during first two Eid Holidays announced by the government from May 10, 2021 to May...
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