Ashraf Wathra is the first Pakistani to become Euromoney’s Central Bank Governor

euromoneys central bank governor

The governor of State Bank of Pakistan, Ashraf Wathra, was named Euromoney’s Central Bank Governor of the year for 2016. The reception took place at the National Press Club in Washington DC at the annual IMF/World Bank meeting. It took place this Friday as a Pakistani became the Euromoney’s Central Bank Governor. This central banking community More...

by Sataish Umair | Published 3 months ago
iranian bank in pakistan
By Sataish Umair On Thursday, October 6th, 2016

Karachi to witness the first Iranian bank in Pakistan soon

The first Iranian Bank in Pakistan is soon to be opened as a first branch in Karachi. The State Bank of Pakistan (SBP) and Central Bank of Iran have also finalized the modalities for the same. This was confirmed More...

Easypaisa Car Insurance
By Faiza Malik On Tuesday, September 6th, 2016

Easypaisa Car Insurance Plan launched in Pakistan

Easypaisa has collaborated with United Insurance Company and introduced Easypaisa Car Insurance, first of the industry. It claims to offer the most affordable and accessible auto coverage in Pakistan. Easypaisa More...

al baraka burj bank merger
By Sataish Umair On Tuesday, September 6th, 2016

Banking witnesses $1.1 billion deals through the Al Baraka Burj Bank merger

Al Baraka Banking Group is Gulf’s one of the top based Islamic banks but according to its Pakistani unit, it is soon going to merge with the Burj Bank to have an asset collection of more than $1.1 billion that More...

Islamic Banking
By Faiza Malik On Thursday, September 1st, 2016

Malaysia takes lead in Islamic Banking

The Cambridge Islamic Finance Leadership Programme (IFLP) 2016 attracted participation from the Middle East, Africa, Asia, Europe and America and was all about Islamic banking. Over a period of five days beginning More...

Soneri Bank
By Faiza Malik On Monday, August 22nd, 2016

Soneri Bank earns Rs1.1 billion

Soneri Bank declared a profit-after-tax of Rs1.175 billion for the half year ended on June 30, 2016, registering an increase of 6.13 per cent over the same period last year. The bank’s board at its 150th meeting More...

Cashless mobile based finance system
By Faiza Malik On Tuesday, August 16th, 2016

Cashless Mobile based Finance system will be used by State Bank of Pakistan

A seminar was held by the State Bank of Pakistan (SBP) and Embassy of Sweden, named -Financial and Social Inclusion through Mobile Money and M-commerce. The State Bank of Pakistan said in the seminar that they are More...

Demonetize Older Currency Notes
By Faiza Malik On Wednesday, August 10th, 2016

State Bank will demonetize older currency notes by December 2016

The federal government’s gazette notification on 4th June 2016 and has announced the demonetization of older currency notes of Pakistani currency by 1st December 2016. It has been finalized that all older generation More...

loans to farmers
By Faiza Malik On Wednesday, August 10th, 2016

Rs598bn extended for loans to farmers in FY16

Banks allocated Rs598.3 billion in agricultural credit almost meeting the target of Rs600bn set during 2015-16 for loans to farmers. The amount is 16 per cent higher when compared with Rs515.9bn farm loans extended More...

transaction limit for branchless banking
By Sataish Umair On Monday, July 18th, 2016

Transaction limit for branchless banking revised by State Bank of Pakistan

The limit or transactions and the maximum level 0 and level 1 balance accounts for branchless banking system were revised by the SBP up to 100% so as to facilitate the customers throughout their operations. The More...