Tag: state bank of Pakistan

COVID-19, Finance, Islamabad, Pakistan, SBP, Small Business, Startup

Askari Bank facilitating COVID-19 terminated employees and self employed who suffered losses.

Have you been #laidoff due to the #pandemic? Do you have an account with Askari Bank? Have you taken a loan from Askari Bank or use their #CreditCard? Good news- rather some hopeful news- Askari Bank will view your case and accommodate with whatever they can. Askari Bank’s take: The pandemic of Covid-19 is impacting us all at a very personal level and in the … Continue reading Askari Bank facilitating COVID-19 terminated employees and self employed who suffered losses.

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Finance, News, SBP

If your bank balance is more than Rs. 46,328, banks will deduct ZAKAT

Nisab for Zakat deduction on bank accounts for the current lunar year has been fixed at Rs. 46,329. According to a notification put out by the Poverty Alleviation and Social Division, no Zakat deduction at source will be made in case “the amount standing to the credit of an account in respect of the assets mentioned in column 2 Serial No.1 of the first schedule … Continue reading If your bank balance is more than Rs. 46,328, banks will deduct ZAKAT

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Finance, Islamabad, News, Pakistan, Personal Finance, SBP

Transfer funds for Free- InterBranch, InterBank, Jazz Cash and any other medium.

To contain the spread of the coronavirus, the State Bank of Pakistan (SBP) has asked banks to waive charges on any online fund transfers. SBP has instructed banks to waive all charges on fund transfers through online banking channels such as inter-bank fund transfer. They will also not incur any cost in case of using ATMs or visiting bank branches to transfer large amounts and … Continue reading Transfer funds for Free- InterBranch, InterBank, Jazz Cash and any other medium.

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Finance, SBP

Governor SBP welcomes change in Moody’s Outlook and recent market developments

Governor SBP, Dr. Reza Baqir, welcomed Moody’s change in outlook on Pakistan from negative to stable. He noted that this positive development reflects the recognition of tough decisions taken by the economic policymakers over recent months including the step devaluations of the exchange rate that culminated in the change in the exchange rate regime to a market based system since May 2019. These steps have … Continue reading Governor SBP welcomes change in Moody’s Outlook and recent market developments

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Finance, SBP

State Bank of Pakistan allows Electronic Warehouse Receipt as collateral for bank financing.

As a major move towards addressing the challenge of access to finance to farming community, State Bank of Pakistan has amended its Prudential Regulations of Agriculture Financing, SME Financing, and Corporate & Commercial Banking by allowing banks to accept Electronic Warehouse Receipts as collateral for lending against storage of agriculture produce and commodities. Warehouse Receipt Financing (WHRF) is a mechanism whereby farmers, traders and processors … Continue reading State Bank of Pakistan allows Electronic Warehouse Receipt as collateral for bank financing.

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Economy, Entertainment, Finance Facts, Global, News, SBP

Governor SBP unveils commemorative coin at 550th birth anniversary of Baba Guru Nanak Sahib

Governor SBP Dr. Reza Baqir unveiled the commemorative coin of Rs.550 to mark the 550th birth anniversary of Baba Guru Nanak at State Bank of Pakistan. A delegation of Sikh Community led by Sardar Ramesh Singh Khalsa, Patron in Chief Pakistan Sikh Council & Member Prime Minister’s Taskforce for Evacuee Trust Property Board, comprising members of Pakistan Sikh Council and Baba Guru Nanak Darbar also … Continue reading Governor SBP unveils commemorative coin at 550th birth anniversary of Baba Guru Nanak Sahib

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Economy, Finance, News, SBP

SBP Launches National Payment Systems Strategy during Visit of World Bank’s President

Dr. Reza Baqir, Governor, State Bank of Pakistan launched the National Payment Systems Strategy (NPSS) in an event held today at its headquarters in Karachi. President of the World Bank, Mr. David Robert Malpass was the Chief Guest at the event that was attended by key stakeholders including regulators, government entities, banks, telcos, Electronic Money Institutions (EMIs), Payment System Operators (PSOs) and Payment Service Providers … Continue reading SBP Launches National Payment Systems Strategy during Visit of World Bank’s President

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