Tag: state bank

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

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, 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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