Banks submit RS34.5bn to National Kitty in a month Blogging Sole

Banks submit RS34.5bn to National Kitty in a month

 Blogging Sole

An employee has Pakistani Roupie tickets in a Peshawar bank on August 22, 2023. – Reuters Success has known due to the vision of economic reforms of the PM Shehbaz. RS11.5 billion RS won due to the decision of the High Court of Lahore. The Prime Minister welcomes the efforts of the Ministry of Law, … Read more

Moody’s revises the prospects of Pakistani banks with positive resilience, citing resilience Blogging Sole

Moody’s revises the prospects of Pakistani banks with positive resilience, citing resilience

 Blogging Sole

The signaling is seen outside the headquarters of Moody’s Corporation in Manhattan, New York, United States, November 12, 2021.— Reuters Upgrade credited to strong macroeconomic indicators. Moody’s warns the sustainability of long -term debt always a risk. The rating agency provides that the economy is developing 3% in 2025. Moody’s Ratings revised its prospects in … Read more

Banks will remain closed for the public transaction on March 3 Blogging Sole

Banks will remain closed for the public transaction on March 3

 Blogging Sole

A logo of the State Bank of Pakistan is represented on a reception at the headquarters of Karachi on July 16, 2019 – Reuters Karachi: The Pakistan State Bank (SBP), commercial banks and other financial institutes must remain closed for the public transaction on Monday, March 3, which will be observed as “banking celebrations” for … Read more

SBP encourages banks to take advantage of AI for wider and affordable financial access Blogging Sole

SBP encourages banks to take advantage of AI for wider and affordable financial access

 Blogging Sole

Construction of the State Bank of Pakistan in this undated image. – AFP / File Banks asked to rethink the models, prioritize financial intermediation. The Governor of SBP, Ahmad, calls for an increase in credit in the private sector. Aims to stimulate financial inclusion, to reduce the gap between the sexes by 2028. Karachi: The … Read more

Govt collects 23 billion rupees among banks in a single day Blogging Sole

Govt collects 23 billion rupees among banks in a single day

 Blogging Sole

An employee has Pakistani rupee tickets in a Peshawar bank. – Reuters / File The PM Shehbaz Sharif is heading for a main recovery operation: Source. The Prime Minister personally allocates the funds to the legal representation of FBR. The FBR chief and the Governor of the SBP contribute to key change in the government’s … Read more

Pakistan grants $1 billion loan to two Middle East banks: FinMin Aurangzeb Blogging Sole

Pakistan grants  billion loan to two Middle East banks: FinMin Aurangzeb

 Blogging Sole

Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at his office in Islamabad, Pakistan, July 19, 2024. — Reuters/File Pakistan signs term sheets, one bilateral, one for trade: FinMin. The first evaluation of the EFF is scheduled for the end of February, says Aurangzeb. The minister invites global players to invest in priority … Read more

Banks will remain closed to public negotiations on January 1 Blogging Sole

Banks will remain closed to public negotiations on January 1

 Blogging Sole

An undated photo of the State Bank of Pakistan building. — AFP/File KARACHI: The State Bank of Pakistan (SBP) on Friday announced that all banks and financial institutions will remain closed for public transactions on January 1, 2025 (Wednesday), which will be considered as a ‘public holiday’. In a statement, the central bank said development … Read more

Banks will remain open this weekend to receive applications for Hajj 2025 Blogging Sole

Banks will remain open this weekend to receive applications for Hajj 2025

 Blogging Sole

Muslim pilgrims tour the Kaaba and pray at the Grand Mosque in the holy city of Mecca, Saudi Arabia, July 1, 2022. — Reuters To facilitate citizens, the State Bank of Pakistan (SBP) has announced that designated banks will remain open on Saturday, November 30 and December 1 to receive applications for Hajj 2025 across … Read more

FBR’s new payment system eliminates the need for taxpayers to visit banks Blogging Sole

FBR’s new payment system eliminates the need for taxpayers to visit banks

 Blogging Sole

This image published on March 3, 2022 shows the FBR building. — Facebook/Federal Revenue Council System guided by the government’s vision to modernize tax infrastructure. The new system would eliminate the need for physical visits to the bank. This marks a significant advancement in revenue management. The Federal Board of Revenue (FBR) on Wednesday introduced … Read more