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