SBP Ordered to Reveal Dual-Nationality Status of Employees Amid Transparency Push
In a landmark move to bolster transparency, the Pakistan Information Commission (PIC) has instructed the State Bank of Pakistan (SBP)…
SBP Governor Urges Financial Sector to Boost Credit for Climate-Resilient Projects
State Bank of Pakistan (SBP) Governor Jameel Ahmad has called for significantly increased financial support for projects that build climate…
Meezan Bank Foresees Victory in High-Stakes Tax Dispute with FBR
Meezan Bank has voiced optimism about a favorable outcome in its ongoing tax dispute with the Federal Board of Revenue…
Pakistan Embarks on Ambitious Journey Towards Interest-Free Banking by 2028
Pakistan is on the verge of a monumental shift in its financial landscape with the passage of the 26th Constitutional…
Banking Mohtasib Grants Rs. 1 Billion Relief to Customers in 2024
The Banking Mohtasib of Pakistan has extended significant monetary relief to banking customers, providing over Rs. 1.06 billion during the…
Number of Income Tax Return Filers Surpasses 4 Million for Tax Year 2024
The Federal Board of Revenue (FBR) in Pakistan has announced that the number of income tax return filers has crossed…
SBP Mandates Banks to Install 5MP CCTV Cameras, Issues Updated Guidelines
The State Bank of Pakistan (SBP) has announced new directives for banks and microfinance institutions (MFBs) to upgrade their security…
Pakistani Banks Rush to Meet 50% ADR to Avoid Additional Taxation
In October 2024, several Pakistani banks have been making efforts to increase their Advances to Deposit Ratio (ADR) to at…
SBP Revises Rules to Simplify Conversion of Conventional Banks to Islamic Banking
The State Bank of Pakistan (SBP) has updated its regulations to facilitate the conversion of conventional banking branches into Islamic…
SBP Governor Signals Further Interest Rate Cuts Amid Declining Inflation
State Bank of Pakistan (SBP) Governor Jameel Ahmed has hinted at the possibility of further reductions in the monetary policy…