JazzCash Partners with Lejion Media to Streamline Remittances from UAE to Pakistan
JazzCash has entered into a strategic partnership with Lejion Media, aiming to simplify and enhance the remittance process from the…
SBP Restructures Banking Supervision, Introduces Cyber Risk Management Unit
The State Bank of Pakistan (SBP) has announced a significant restructuring of its Banking Supervision Group to enhance regulatory oversight…
Ministry Clarifies World Bank Loan Cancellation Report as Misleading
The Ministry of Economic Affairs has firmly refuted recent reports claiming that the World Bank (WB) cancelled a $500 million…
SBP Restructures Banking Supervision and Launches New Cyber Risk Department
In a strategic move to enhance its regulatory oversight and strengthen its response to emerging risks in the financial sector,…
Islamic Finance and Capital Markets Key to Pakistan’s Economic Stability: Finance Minister
Federal Minister for Finance and Revenue Muhammad Aurangzeb emphasized the transformative potential of Islamic finance and capital markets in driving…
World Bank Cancels $500 Million Loan to Pakistan Over Delayed Energy Reforms
The World Bank has canceled a crucial $500 million budget support loan to Pakistan under the Affordable and Clean Energy…
Rupee Marginally Gains Against US Dollar Amid Global Currency Fluctuations
The Pakistani rupee recorded a modest gain against the US dollar, closing at Rs. 278.12 in the inter-bank market on…
SBP’s Upcoming Monetary Policy to Focus on Economic Growth and ADR Management
The State Bank of Pakistan (SBP) is poised to unveil its upcoming Monetary Policy Statement (MPS), which is expected to…
Pakistani Banks Lower Loan Rates to Meet ADR Targets Amid Regulatory Challenges
Pakistani banks are introducing loans below market rates to address regulatory pressures and meet the mandated Advance to Deposit Ratio…
World Bank Approves $240 Million for Karachi’s Water and Sanitation Transformation
The World Bank has approved $240 million in funding for the Second Karachi Water and Sewerage Services Improvement Project (KWSSIP-2),…