Posts Tagged: State Bank of Pakistan
Mobilink Microfinance Bank becomes first Microfinance Institution to secure EFP Membership
Mobilink Microfinance Bank becomes first Microfinance Institution to secure EFP Membership Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has become the first microfinance institution to secure membership of the Employers Federation of Pakistan
MMBL celebrates a milestone year under Women Inspirational Network (WIN)
Women make up almost half of Pakistan’s total population, but their contribution to measured economic activity is far below its potential due to limited access to quality and affordable financial services. Women’s financial inclusion has
Bank Alfalah delivers solid performance; PAT up by 36% and Equity crosses PKR 100 Billion
Bank Alfalah delivers solid performance; PAT up by 36% and Equity crosses PKR 100 Billion KARACHI: Bank Alfalah Limited (BAFL) announced its financial result for the year ended December 31, 2021, where the Bank posted
Housing & construction finance raised by 85 percent under Mera Pakistan Mera Ghar
Recording an unprecedented growth of 85%, the banks’ outstanding credit for housing and construction has increased by Rs163 billion, from Rs192 billion to Rs355 billion, during 2021. Within the housing and construction portfolio, disbursements under
SBP announces licensing & regulatory framework for digital banks
With the start of 2022, the State Bank of Pakistan has set the stage for the dawn of a new era for banking in Pakistan with the introduction of a Licensing and Regulatory Framework for
Meezan becomes first bank to launch State Bank of Pakistan’s I-SAAF Scheme for SMEs
Karachi: Meezan Bank, Pakistan’s first and largest Islamic bank, also became the first bank to launch the Islamic SME Asaan Finance Scheme (I-SAAF) for Small and Medium Enterprises (SMEs) under State Bank of Pakistan’s (SBP)
SBP Raises Policy Rate by 100 Basis Points to 9.75 Percent
At today’s meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by 100 basis points to 9.75 percent. The goal of this decision is to counter inflationary pressures and ensure that growth
PM inaugurates Sohni Dharti Remittance Program to promote remittances through formal channels
Prime Minister of Pakistan, Mr. Imran Khan, inaugurated the Sohni Dharti Remittance Program (SDRP) offered jointly by the State Bank of Pakistan, Ministry of Finance and financial institutions today at the Prime Minister House in
SBP strengthens Corporate Governance Regulatory Framework for Banks and DFIs
The State Bank of Pakistan (SBP) today issued the revised ‘Corporate Governance Regulatory Framework’ with the objective to further strengthen the corporate governance regime of banks and DFIs and to align the same with international
SBP Hikes Policy Rates By 1.5%
Monetary Policy Committee (MPC) decided to raise the policy rate by 150 basis points to 8.75 percent. This reflected the MPC’s view that since the last meeting, risks related to inflation and the balance of