Karachi, January 10, 2020 (PPI-OT): The Presidents and representatives of Habib Bank, National Bank of Pakistan, United Bank, MCB Bank, Allied Bank, Meezan Bank, Bank Al-falah, Bank Al-Habib, Habib Metropolitan Bank and Faysal Bank signed today the shareholders’ agreement for...
Read More »Banks to electronically submit foreign exchange related cases through SBP Online Portal
Karachi, January 07, 2020 (PPI-OT): Two core departments of State Bank of Pakistan (SBP) related to forex operations i.e. Exchange Policy Department (EPD) and Foreign Exchange Operations Department (FEOD) have recently arranged series of detailed presentation on foreign exchange operations...
Read More »State Bank of Pakistan releases First Quarterly Report on the State of Economy
Karachi, January 06, 2020 (PPI-OT): The State Bank of Pakistan today released its First Quarterly Report on the State of Pakistan’s Economy for FY20. According to the report, Pakistan’s economy moved progressively along the adjustment path during the first quarter...
Read More »State Bank of Pakistan abolished the Fee on Payment of Government Taxes through ADCs and OTC
Karachi, December 28, 2019 (PPI-OT): The State Bank of Pakistan (SBP) has announced to abolish the fee on payment of government taxes and duties through Alternate Delivery Channels (ADCs) and Over-the-Counter (OTC) from January 1, 2020. Presently, the taxpayers pay...
Read More »Opening of Branches to facilitate the collection of Government Receipts / Duties / Taxes on December 31, 2019
Karachi, December 27, 2019 (PPI-OT): In order to facilitate the collection of Government receipts / duties / taxes, it has been decided that authorized branches of National Bank of Pakistan (NBP) as well as field offices of SBP Banking Services...
Read More »SBP hosted SAARC Seminar on “Emerging Trends in Good Governance of Banking Sector in SAARC Region”
Karachi, December 26, 2019 (PPI-OT): Dr. Reza Baqir, Governor, State Bank of Pakistan during his inaugural address in a seminar on “Emerging Trends in Good Governance of Banking Sector” in SAARC countries highlighted the importance of efficient and robust governance...
Read More »State Bank of Pakistan grants approval to NIFT’s e-Commerce Payment Gateway “NIFT ePay” for Pilot Launch
Karachi, December 23, 2019 (PPI-OT): The State Bank of Pakistan (SBP) has recently granted approval for commencement of pilot operations of NIFT’s (National Institutional Facilitation Technologies) e-Commerce Payment Gateway called “NIFT ePay”. This makes NIFT, the first domestic and account-based...
Read More »