SBP Issued Instructions for Enabling ‘RAAST’ Person to Merchant Service
State Bank of Pakistan has issued instructions to its Regulated Entities for enabling RAAST Person to-Merchant (P2M) payment service for their customers. The Raast P2M system will enable merchants to accept payments through different modes including Unified Quick Response (QR) Codes, Raast Alias (such as mobile phones), bank accounts (IBAN), and Request to Pay (RTP).
Editor
State Bank injects Rs.454.6 billion into market
SBP injected Rs. 454.6 billion in the market through reverse repo purchase and Shariah Compliant Modarabah Open Market Operation (OMO) cumulatively.
Pakistan export to Asian countries increase up by 14.21% during July-October
Pakistan’s exports to the seven regional countries witnessed an increase of 14.21 percent in the first four months of the fiscal year 2023-24.
Demand to State Bank set up a gold bank, to regulate prices of gold: Gold & Gems President Muhammad Ahmed
Gold & Gems Art Promotion Council of Pakistan (GGAPCP) President Muhammad Ahmed has demanded Caretaker Federal Finance Minister Dr Shamshad Akhtar and State Bank of Pakistan Governor Jameel Ahmed to set up a gold bank at national level for dealing with fluctuation in gold prices.
Adil Aziz
US remain top destination of Exports to Pakistani Products
The United States (US) remained the top export destination of Pakistani products during the first four months of the current financial year 2022-23.
Governor SBP highlights of next five year bank’s vision
Governor SBP highlighted that SBP Vision 2028 represents SBP’s commitment to foster price and financial stability and to contribute in a sustainable economic development of the country.
ASA Microfinance Bank Limited to commence its commercial operations nationwide
The State Bank of Pakistan has allowed ASA Microfinance Bank (Pakistan) Limited to commence microfinance lending business nationwide from November 13, 2023.
Mehfooz
Islamic finance ideally placed to help the country transition towards sustainable finance – Director SBP
The Institute of Business Management’s (IoBM) two-day International Conference on Islamic Banking and Finance (ICBIF) 2023 began today. Focusing on the theme of “Sustainable Development and Islamic Finance: Examining the Role of Islamic Financial Institutions in Promoting Sustainable Economic Growth…
FPCCI has demand of reduces petroleum prices to Rs.20
Mr. Irfan Iqbal Sheikh, President FPCCI, has demanded that the federal government should announce a reduction of 18 – 20 rupees per liter in the prices of petroleum products as international oil prices are showing a declining trend….
IoBM’s International Conference on Islamic Banking and Finance
The Institute of Business Management (IoBM) has announced that it will be hosting its high-profile 7th Annual International Conference on Islamic Banking and Finance from November 14 to 15, 2023. Chief guests at the conference’s inaugural session include Dr. Shamshad Akhtar, the Caretaker Federal Minister for Finance and Mr. Jameel Ahmed, Governor State Bank of Pakistan.