Karachi, June 14, 2016 (PPI-OT):In order to help consumers to make informed decisions and enhance their confidence in financial products, the State Bank of Pakistan has formulated Product Disclosure Requirements (PDRs) for all types of Personal, Housing and Auto Finance products. Banks/Micro Finance Banks (MFBs) are required to invariably provide an upfront ‘Product Key Fact ...
Read More »State Bank issues regulations for payment card security
Karachi, June 13, 2016 (PPI-OT):To promote modern and robust payment systems through enhancing security of payment cards and safeguard the interests of consumers, State Bank of Pakistan has issued Regulations […]
Read More »Liquid foreign reserves reach US$21,266.6 million
Karachi, June 09, 2016 (PPI-OT):State Bank of Pakistan on Thursday announced that the total liquid foreign reserves held by the country stood at US$21,266.6 million on 03 June 2016. The […]
Read More »Quarterly Performance Review of the Banking Sector- March 2016
Karachi, June 09, 2016 (PPI-OT):The Quarterly Performance Review (QPR) of the Banking Sector for the quarter ended 31st March, 2016, released by SBP today, highlighted that the asset base of […]
Read More »State Bank launches SMS Service for Issuance of Fresh Currency Notes
Karachi, June 06, 2016 (PPI-OT):After receiving overwhelming response on Eid occasions in 2015, the State Bank of Pakistan, through its subsidiary SBP Banking Services Corporation has re-launched the SMS service […]
Read More »State Bank of Pakistan announces office and business hours during the holy month of Ramzan-ul-Mubarak
Karachi, June 06, 2016 (PPI-OT):During the ensuing holy month of Ramzan-ul-Mubarak 1437 AH, State Bank of Pakistan and all banks, development finance institutions and microfinance banks will follow office hours […]
Read More »Pakistan Realtime Interbank Settlement Mechanism transactions show increase of 4 percent in volume and a decrease of 12 percent in value
Karachi, June 06, 2016 (PPI-OT):During the third quarter of FY16, Pakistan Realtime Interbank Settlement Mechanism (PRISM) settled 235,274 transactions of value Rs. 56.4 Trillion showing an increase of 4% and […]
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