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, Dr. Arif Alvi graced the occasion as Chief Guest and launched the policy. This policy initiative aims at improving
Tag: SBP
SBP Allows Banks to Charge Fee on High Value Transactions of Interbank Fund
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 and other service providers to charge a minimal fee on high-value transactions while protecting and encouraging the low-income
SBP Makes Changes for Facilitating Trade Through Online Marketplace
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 said that continuing with the agenda of modernizing foreign exchange regulations, State Bank of Pakistan has proposed changes
For the First in Pakistan, SBP Allows Mentally Disordered Persons to Open Bank Account
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 with stakeholders. Now, for the first time in Pakistan, mentally disordered persons will be able to open a
SBP Revises Banking Hours for Public Dealing
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 observed following banking hours for public dealing: Monday to Thursday: 9:00 AM to 1:30 PMFriday: 9:00 AM to 1:00
Bank Timings: Banks to Remain Open on 10th, 11th May
SBP to Remain Close from 10-15 May
The State Bank of Pakistan (SBP) on Tuesday announced that will remain closed from 10th to 15th May 2021 (Monday to Saturday). The closure will be on the occasion of Eid-ul-Fitr, said the central bank. Furthermore, in the wake of the forthcoming Eid-ul-Fitr holidays and to cater the banking needs of
Ramadan Bank Timings, All Banks will Remain Close on First of Ramazan: SBP
SBP Considering Issuing Digital Currency to Boost Financial Inclusion
The State Bank of Pakistan (SBP) is considering issuing digital currency to boost financial inclusion and reduce money laundering in the economy, the central bank’s governor was quoted as saying by The News. "We are studying that very carefully. We think that some countries like China are already showing the way,” SBP
SBP, NBP to collect Taxes Till 6pm on March 31
The Banking Services Corporation of the State Bank and National Bank of Pakistan will observe extended banking hours till 6pm on March 31, the central bank said Tuesday. The decision has been taken to facilitate the collection of government receipts, duties or taxes, the SBP said in a statement. The extended banking