Modest Growth in SBP Reserves: A Critical Juncture for Pakistan’s Digital Economy
The State Bank of Pakistan’s (SBP) foreign exchange reserves saw a marginal increase of $46 million, reaching $11.721 billion for the week ending June 13. This modest rise leaves a significant gap against the central bank’s $14 billion target for June 30, raising questions about immediate economic stability and potential implications for the burgeoning digital finance sector.
Driving Innovation: SBOTS-27 Officers Engage with CPEC’s Digital Future
Officers from the State Bank of Pakistan’s SBOTS-27 cohort recently participated in an “Evening Talk” featuring Dr. Hassan Daud Butt, former Project Director CPEC. The session provided invaluable perspectives on the China-Pakistan Economic Corridor’s impact, particularly its implications for digital infrastructure and economic development, crucial for the next generation of financial leaders.
Faysal Bank Launches One-Day Shariah-Compliant Car Finance Plan
Faysal Bank introduces its Islami Car Finance program, offering a Shariah-compliant path to vehicle ownership with a remarkable one-day approval process. The financing is based on the Diminishing Musharakah model, providing flexibility and transparency for customers seeking to purchase new or used cars.