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Banks Allowed to charge fees for Inter Bank digital transfers

Banks Allowed to charge fees for Inter Bank digital transfers

The State Bank of Pakistan has allowed banks to charge fees for digital transfers of more than Rs 25,000. It will no longer be possible to send money from one bank to another without paying…

FINANCE
State Bank Ready to launch collateral Free Loan Scheme for Cottage Industry

State Bank Ready to launch collateral Free Loan Scheme for Cottage Industry

State Bank of Pakistan is ready to start a collateral free loan scheme for financing of up to Rs10 million for the cottage industry, released by State Bank of Pakistan (SBP) Governor Dr Reza Baqir.…

FINANCE
Lahore High Court dismisses plea against ban on Rs 7,500 prize bond

Lahore High Court dismisses plea against ban on Rs 7,500 prize bond

The Lahore High Court (LHC) on Tuesday dismissed a petition filled, where challenging ban by the government on sale and purchase and further draw of Rs 7,500 prize bonds, after it’s discontinuation. The court decided…

FINANCE
Rs. 100 Prize Bond Draw Result & List Dated 17 May 2021

Rs. 100 Prize Bond Draw Result & List Dated 17 May 2021

Rs. 100 Prize Bond Draw List No 34 Held at Multan Result Dated 17 May 2021 Balloting for Lucky Draw No. 34 of Rs. 100 prize bond held in Multan city on 17th May 2021.…

FINANCE
RS. 1500 Prize Bond Result, 17 May 2021 Announced

RS. 1500 Prize Bond Result, 17 May 2021 Announced

Results of 1500 Prize bonds announced by the State Bank of Pakistan. The list of winners published. The draw held in Karachi on May 17, 2021. In the results, The first position holder won prize…

FINANCE
Schedule of Prize Bonds Draw from January 2021 to December 2021

Schedule of Prize Bonds Draw from January 2021 to December 2021

Prize Bond Schedule 2021– Prize bonds a type of government bonds issued where some randomly prize bonds selected within the issue then afterwards redeemed / encashed at a higher value than the face value of the prize bond. According…

FINANCE
Withdrawal Of 15,000 & 7,500 Denomination National Prize Bonds From Circulation

Withdrawal Of 15,000 & 7,500 Denomination National Prize Bonds From Circulation

Finance Division (Budget Wing), Government of Pakistan issued Notifications No. F.16(1)BS /2021-750 and F.16(1)BS /2021-751 dated April 28, 2021, regarding conversion / redemption / encashment of Rs. 15,000/- and Rs. 7,500/- denomination National Prize Bonds,…

FINANCE
FATF’s condition fulfilled, 15000 and 7500 Prize Bonds to be abolished

FATF’s condition fulfilled, 15000 and 7500 Prize Bonds to be abolished

Another condition of the Financial Action Task Force (FATF) has been met. The government decided to scrap 15,000 and 7,500 Prize bonds. According to the details, the federal government has decided to scrap 15,000 and…

FINANCE
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…

FINANCE
HBL launches first Personal Finance Manager Solution powered by Hysab Kytab

HBL launches first Personal Finance Manager Solution powered by Hysab Kytab

HBL has teamed up with Hysab Kytab to launch the first comprehensive Personal Finance Manager (PFM) solution offered by any bank in Pakistan for the first time. Hysab Kytab’s PFM (Budgeting) tool has been integrated…

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