KARACHI: The State Bank of Pakistan (SBP) has introduced Person-to-Person (P2P) fund transfers in the country through the SBP developed Raast, a statement said on Thursday. Raast offers an instant, reliable and zero-cost digital payment system to the people of Pakistan, it added. The launch of Raast P2P service will not only provide a convenient … Read more
KARACHI: The State Bank of Pakistan (SBP) will remain closed on December 25, 2021, Saturday being a public holiday announced by the government, a statement said on Thursday. The central bank said its offices will remain closed on the occasion of Quaid-e-Azam Day and Christmas, as declared by the government of Pakistan.
KARACHI: The State Bank of Pakistan (SBP) is scheduled to announce the monetary policy on December 14, 2021, in which the central bank may further increase the policy rate by 100 basis points to 150 basis points, analysts said on Thursday. In the last policy announcement on November 19, 2021, the central bank surprisingly increased … Read more
KARACHI: The State Bank of Pakistan (SBP) on Friday made it mandatory for the banks and financial institutions to provide digital payment facility to their corporate clients, a statement said. The central bank said towards digitalisation of payments and receipts in the corporate sector, the State Bank has now made it mandatory for its regulated … Read more
