The State Bank of Pakistan (SBP) will remain closed on October 30, 2020 (Friday), the 12th Rabi-ul-Awaal 1442 AH on the occasion of Eid Milad-Un-Nabi, a statement said on Tuesday.
State Bank of Pakistan (SBP) has launched an initiative to transform digital foreign exchange operations by replacing the paper-based requests with electronic submissions, which is not only efficient but also cost effective.Dr. Reza Baqir launched the SBP FX Regulatory Approval System (RAS) for end-to-end digitalization of Foreign Exchange (FX) related
State Bank of Pakistan (SBP) has started implementing Treasury Single Account (TSA) and directed all banks to close all accounts related to government authorities.In a communication issued on Wednesday, the SBP said that the Finance Division, Government of Pakistan (GoP) vide their letter F.No.1(1)/S.O(TSA)/2020 dated August 19, 2020 has directed
In order to enhance scope of outsourcing to Cloud Service Providers (CSPs) for Banks/DFIs/Microfinance Banks, the State Bank of Pakistan has made further modifications in the ‘Enterprise Technology Governance and Risk Management Framework for Financial Institutions (FIs)’ circular.Under the substituted section 4.4.2 of the circular, the Board IT Committee shall
Naya Pakistan Housing and Development Authority (NAPHDA) Chairman Lt Gen (r) Anwar Ali Hyder said on Friday that six commercial banks that form the consortium for financing PM’s Naya Pakistan Housing Programme would start giving loans from next week under the guidelines devised by State Bank of Pakistan (SBP).Anwar Ali
The State Bank of Pakistan (SBP) will announce its decision on the monetary policy today with the analysts forecasting that there will be no change in the current policy rate.The central bank announced on Twitter that the SBP’s Monetary Policy Committee (MPC) is meeting today to discuss the country's monetary
State Bank of Pakistan (SBP) on Monday allowed banks to open their selected branches on Saturdays with ensuring implementation of SOPs to prevent coronavirus.The SBP said that through a notification on October 14, 2011 under which banks / microfinance banks were permitted to open their selected branches at various business
The SBP said that it had launched the ‘Roshan Digital Accounts (RDA) for Non-Resident Pakistanis’ (NRPs) to enable them to remotely open bank accounts in Pakistan through online digital portals of your bank without physically visiting branches.For this purpose, SBP has already issued a simplified account opening framework and other