State Bank of Pakistan launched module to promote Green Banking practices

State Bank of Pakistan launched module to promote Green Banking practices

The State Bank of Pakistan (SBP) has launched a module pertaining to the banking policy and regulations to enhance efficiency and promote Green Banking practices. In a statement, the central bank said: “Building upon its…

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State Bank of Pakistan tightened the rules and regulations of auto financing

State Bank of Pakistan tightened the rules and regulations of auto financing

The State Bank of Pakistan has tightened the rules and regulations of auto financing for consumers to get cars of up to 1000cc. It has revised the Prudential Regulations for Consumer Financing. This targeted step…

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State Bank of Pakistan to not issue new Currency Notes on Eid ul Fitr due to COVID-19

State Bank of Pakistan to not issue new Currency Notes on Eid ul Fitr due to COVID-19

The State Bank of Pakistan (SBP) announced that it will not issue new currency notes on Edi ul Fitr this year due to the coronavirus pandemic. “Like last year, we will not be issuing new…

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State Bank of Pakistan launches Five Years Islamic banking plan

State Bank of Pakistan launches Five Years Islamic banking plan

State Bank of Pakistan launched a third five-year Islamic Banking plan (for the period from 2021 to 2025). It will help Islamic banks in enhancing their network nationwide. Advised to increase online banking and “capitalise…

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State Bank of Pakistan invites views on revision of Foreign Exchange manual

State Bank of Pakistan invites views on revision of Foreign Exchange manual

Considering the market dynamics and changing business environment, SBP is in the process of reviewing the Foreign Exchange (FE) manual in consultation with the relevant stakeholders in a phased manner. The main purpose of these…

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State Bank of Pakistan Signed MoU to bring digitization in federal government payments

State Bank of Pakistan Signed MoU to bring digitization in federal government payments

The State Bank of Pakistan (SBP) on Monday signed MoU with the Controller General of Accounts Pakistan (CGAP) to bring digitization in federal government payments. Through the Pakistan’s first instant payment system of Raast launched…

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Biography of Dr Raza Baqir Governor State Bank of Pakistan

Biography of Dr Raza Baqir Governor State Bank of Pakistan

Reza Baqir is a Pakistani economist. He is the 20th Governor of the State Bank of Pakistan. He was appointed at this position in year 2019. Currently, he is working at the same post. Early life and education…

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State Bank of Pakistan maintains Monetary Policy Rate unchanged at 7pc

State Bank of Pakistan maintains Monetary Policy Rate unchanged at 7pc

The State Bank of Pakistan has announced a new monetary policy and decided to maintain interest rates at 7%. The monetary policy statement issued by the SBP said that the interest rate has been maintained…

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State Bank of Pakistan maintained the Monetary Policy rate for the next two months

State Bank of Pakistan maintained the Monetary Policy rate for the next two months

The State Bank of Pakistan (SBP) Monetary Policy Committee on Friday maintained the policy rate at 7% for the next two months. State Bank of Pakistan Governor Dr. Raza Baqir said that the MPC observed…

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The State bank of Pakistan launching a new payment system called ‘Rast’

The State bank of Pakistan launching a new payment system called ‘Rast’

SBP going to launch a new digital payment system ‘RAST’ from next week. The State Bank of Pakistan (SBP) is ready to introduce a global payment system called ‘Rast’, which will be a huge leap…

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