SBP Governor Urges Banks to Diversify Beyond Government Lending to Boost Private Sector Growth
KARACHI – In a key address at the Pakistan Banking Summit, State Bank of Pakistan (SBP) Governor Jameel Ahmad emphasized…
SBP Urges Banks to Leverage AI and Alternative Data for Expanding Affordable Financial Access
KARACHI – In a bold call to action, Pakistan’s central bank has urged financial institutions to adopt artificial intelligence (AI)…
AI Innovation Lab Set to Boost Pakistan’s AI Startups and Global Technological Presence
KARACHI, February 25, 2025 – A groundbreaking initiative aimed at transforming Pakistan’s artificial intelligence (AI) landscape is set to launch…
FBR Launches Centralized Customs Examination Unit to Streamline Trade and Enhance Efficiency
Karachi, February 25, 2025 – In a significant move to enhance trade facilitation and improve the transparency of customs operations,…
SBP Grants License to Wemsol for Commercial Launch as an Electronic Money Institution
The State Bank of Pakistan (SBP) has officially granted Wemsol Private Limited a license to begin commercial operations as an…
PSX Raises Maximum Order Limits to Boost Trading Capacity
In a significant move aimed at enhancing trading capacity, the Pakistan Stock Exchange (PSX) has announced an increase in the…
Digital Transformation Essential for Financial Institutions, Says SBP Deputy Governor
The Deputy Governor of the State Bank of Pakistan (SBP), Saleemullah, has made it clear that digital transformation is no…
SBP Announces Official Forex Rates for February 24, 2025, Offering Transparency in International Transactions
Karachi, February 24, 2025 – The State Bank of Pakistan (SBP) has officially released the foreign exchange rates for February…
KIBOR Rates for February 24, 2025: A Key Benchmark for Borrowing Costs in Pakistan’s Interbank Market
Karachi, February 24, 2025 – The State Bank of Pakistan (SBP) has officially released the Karachi Interbank Offered Rates (KIBOR)…
Windfall Tax Dispute Remains Pending in Lahore High Court, MCB Bank Provides Update
MCB Bank has confirmed that the ongoing windfall tax issue is still pending before the Lahore High Court, where the…