Workers’ remittances recorded an inflow of US$2.4 billion during Jan 24
Workers’ remittances recorded an inflow of US$2.4 billion during Jan 24.
Editor
CDNS attains Rs 58 billion in Islamic investment bonds
The Central Directorate of National Savings (CDNS) has secured Rs 58 billion in Islamic finance bonds during the current fiscal year 2023–24 till February 9.
Adil Aziz
Sindh Bank and Avanza Solutions are paving the path towards digital transformation
Sindh Bank, a prominent commercial bank in Pakistan known for its rapid growth, collaborates with Avanza Solutions (Pvt.) Ltd., a top-tier provider of cutting-edge digital platforms, solutions, and services. This collaboration aims to accelerate the pace of digital transformation in Pakistan’s banking sector, with a focus on customer-centricity.
SBP maintains policy rate at 22%
The State Bank of Pakistan maintained the policy rate at 22 percent while emphasizing on continued tight monetary policy stance and fiscal consolidation.
SECP issues Islamic finance bulletin for 2022-23
The Securities and Exchange Commission of Pakistan has issued its first ‘Islamic Finance Bulletin’ for the financial year 2022-23, aimed at providing up-to-date data, insights into new developments, and a deeper understanding of regulatory reforms in the Islamic financial services industry.
SBP to announce monetary policy on January 29
State Bank of Pakistan (SBP) will announce Monetary Policy on January 29 in a meeting of the Monetary Policy Committee.
President order to black listed bank fraudsters, directs banks returns amount to victims
President Dr Arif Alvi has asked the Banking Mohtasib to take up the matter of banking frauds with the State Bank of Pakistan (SBP) to get the essential standard operating procedures (SOPs) issued, so that the proven fraudulent personnel’s CNICs could be blacklisted, placed at the central negative list, besides ensuring that no banking/financial facility could be extended to them by the banking industry.
PITB, JazzCash sign MoU to streamline tax, fee payments through e-Pay Punjab
Punjab Information Technology Board (PITB) and JazzCash, a leading digital financial service provider, have officially inked a Memorandum of Understanding (MoU) to enhance bill payment services in Pakistan.
Pakistan’s first Special Credit Guarantee company launches by joint venture of Finance Ministry and Karandaanz
Ministry of Finance and Karandaaz launched Pakistan’s first special credit guarantee company namely the National Credit Guarantee Company Limited (NCGCL), with an objective to provide financial assistance to small and medium-sized enterprises (SMEs) in the country.
IMF Board approves $700 Million for Pakistan
The Executive Board of the International Monetary Fund (IMF) completed the first review of Pakistan’s economic reform programme supported by its Stand-By Arrangement (SBA).