SBP’s Rate-Cut Cycle Nears Its End, Brokerage Firm Predicts Moderate Reduction Ahead of MPC Meeting
The State Bank of Pakistan (SBP) is expected to continue its rate-cutting cycle but may implement a more moderate reduction…
ABHI and TPL Corp Relaunch FINCA as ABHI Microfinance Bank to Strengthen Financial Inclusion
KARACHI – ABHI, in collaboration with TPL Corp Limited, has officially rebranded FINCA Microfinance Bank as ABHI Microfinance Bank, marking…
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)…
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…
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…
Pakistan’s First Digital Bank, Easypaisa, Sets a New Era for Digital Banking
After years of anticipation, Pakistan now has its first official digital bank. Easypaisa, a leading player in the country’s mobile…
Finance Minister Aurangzeb Advocates Open-Minded Approach to Cryptocurrency in Pakistan
KARACHI: In a bold call for innovation in Pakistan’s financial sector, Finance Minister Muhammad Aurangzeb has urged the country’s authorities,…