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MMBL Contribution for Financial Inclusion and Empowerment of women

Business Saad
Islamabad:- The State Bank of Pakistan (SBP) has recently released its draft policy for reducing the gender gap in financial inclusion in Pakistan. The policy recognizes various demand and supply-side barriers for women’s low...

ATM Withdrawal Limit not Restricted to Rs1,000, Clarifies State Bank

Business Feature Writer
The State Bank of Pakistan (SBP) on Saturday clarified that it has not restricted ATM cash withdrawal limit to Rs,1000. In a statement on Twitter, the SBP said it categorically rejects the false...

State Bank Rolls out Rules for Naya Pakistan Certificates

Business Feature Writer
The State Bank of Pakistan (SBP) on Thursday unveiled detailed rules for investing in the scrip-less Naya Pakistan Certificates, part of an effort to attract investments from overseas Pakistanis to boost foreign...

State Bank Fixes Ijara Sukuk Holding Limit

Business Feature Writer
The State Bank of Pakistan (SBP) on Monday said the maximum holding limit for Islamic banks in the government of Pakistan Ijara Sukuk will be 35 percent of the cumulative target or...

State Bank Bans Service Charges on Government Utilities

Business Feature Writer
In a recent development, the State Bank of Pakistan has placed an order for all banks to not receive service charges from the public on any government utility. This development was put...

Coronavirus Outbreak: State Bank Cuts Interest Rate by 2%

Business Feature Writer
The State Bank of Pakistan on Thursday announced that it had cut the interest rate by 2% to deal with the coronavirus pandemic.  This means that the new interest rate has been reduced...

State Bank’s Reserves Drop to $10.722bln Over Last Week

Business Feature Writer
The central bank announced that the Pakistani official foreign reserves had fallen by $463 million or 4.2% to $10,722 billion over the week ended on Thursday, April 3, mainly due to increased foreign...

State Bank Launching First Online Financial Literacy Course

Education Feature Writer
Pakistan's first online financial literacy course will be launched via an entertaining and interactive game by the Central Bank-supported National Financial Literacy Program for Youth (NFLP-Y). The game targets three age groups –...
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