KARACHI: To celebrate the journey of women’s financial inclusion in Pakistan, the State Bank of Pakistan (SBP), in collaboration with Bank Alfalah, Standard Chartered Bank and the United Bank Limited, hosted an event titled “Asaan Digital Account: Breaking Barriers”, on March 7, 2022, a statement said. SBP Governor Dr Reza Baqir was the chief guest. … Read more
KARACHI: Prime Minister Imran khan on Tuesday launched the second phase of Raast, a person-to-person (P2P) instant payment system, a statement said on Tuesday. Raast, a flagship initiative of the State Bank of Pakistan (SBP) is a payment system platform that enables various types of transactions among different stakeholders such as organisations, businesses and persons. … Read more
KARACHI: The State Bank of Pakistan (SBP) has won the Best Central Bank of 2021 award for promoting Islamic finance, a statement said. The Islamic Finance News (IFN), an arm of RED money Group, Malaysia, announced the SBP as the best central bank of 2021 across the world in promoting Islamic finance. The results of … Read more
Pakistan is successfully implementing all the conditions imposed by the International Monetary Fund (IMF) to get the stalled $6 billion funding programme. The South Asian country is facing financial challenges but, at the same time, the economic situation seems fragile, pointing towards the severity of immediate measures to control mushrooming inflation. Indeed, all the successive … Read more
KARACHI: State Bank of Pakistan (SBP) Governor Dr Reza Baqir has highlighted the issues and challenges of cyber-security faced by the banks, a statement said. He highlighted the issues in his keynote speech at the Islamic Financial Services Board (IFSB). Malaysia organised the 13th Public Lecture Series on the theme of “Sustainability and Cyber Resilience” … Read more
KARACHI: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has condemned the statement issued by State Bank of Pakistan Governor Dr Reza Baqir about depreciation in the rupee value and how it is benefiting the overseas Pakistanis and termed it an insensitive, irresponsible and fictitious statement. FPCCI president Mian Nasser Hyatt Magoo said … Read more
KARACHI: The Monetary Policy Committee of the State Bank of Pakistan (SBP) will meet on Tuesday, July 27, 2021, at the SBP Karachi to decide about the monetary policy, a statement said. State Bank of Pakistan Governor Dr Reza Baqir will address a press conference on the same day after the meeting, it added. Meanwhile, … Read more
KARACHI: The General Assembly of the Islamic Financial Services Board (IFSB) has appointed State Bank of Pakistan (SBP) Governor Dr Reza Baqir as its chairman for 2022, a statement issued by the central bank said on Friday. The IFSB General Assembly approved his appointment in its 19th meeting held on June 9, 2021, it said. … Read more
Governor State Bank of Pakistan Dr Reza Baqir said Monday that Islamabad and the International Monetary Fund (IMF) have been working to implement IMF-supported economic reforms. In an interview to British News Agency, Reuters; Dr Reza Baqir said that Pakistan is in talks with the IMF to put the financial support program back on track. … Read more
