Meezan Bank Addresses Third-Party Data Breach Allegations, Compensates Affected Customers
Meezan Bank has compensated at least ten customers following allegations of unauthorized debit card transactions resulting from a potential third-party…
SBP Unveils Advanced eCIB System (V2) to Modernize Credit Reporting
The State Bank of Pakistan (SBP) has announced the launch of the new eCIB System (V2), an upgraded version of…
Pakistan Sees 27% Increase in Foreign Direct Investment in November 2024
Foreign direct investment (FDI) in Pakistan witnessed a significant increase of 27.14% in November 2024, reaching $219.2 million compared to…
Pakistani Rupee Weakens Amid Dollar Demand, Analysts Project Positive Outlook
The Pakistani rupee experienced a minor dip of 10 paisas on Tuesday, December 17, 2024, closing at PKR 278.27 against…
Cabinet Reviews Dual Nationals’ Eligibility for Key SBP Positions Under New Amendment
The Federal Cabinet has formed a special committee to review proposed amendments to the State Bank of Pakistan (SBP) Act,…
State Bank of Pakistan Releases Foreign Exchange Rates for December 17, 2024
The State Bank of Pakistan (SBP) has released the official foreign exchange rates for December 17, 2024, providing a critical…
Pakistan Stock Exchange Hits Record High as KSE-100 Index Surges Past 116,000
The Pakistan Stock Exchange (PSX) achieved a historic milestone on Monday, with the KSE-100 Index crossing the 116,000-point mark for…
SBP Cuts Key Policy Rate by 200bps to 13%, Marking Fifth Consecutive Reduction
The State Bank of Pakistan (SBP) has announced a reduction in the key policy rate by 200 basis points, bringing…
KCCI Criticizes SBP’s Modest Policy Rate Cut to 13%
The Karachi Chamber of Commerce and Industry (KCCI) has expressed disappointment over the State Bank of Pakistan’s (SBP) recent policy…
Rupee Remains Resilient Despite Marginal Decline to PKR 278.17
The Pakistani rupee showed resilience despite a minor dip against the US dollar in the interbank foreign exchange market on…