Tag Archives: SBP

Bank holiday

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KARACHI: State Bank of Pakistan (SBP) on Thursday announced that it will remain closed on May 1, 2017 (Monday) on the occasion of “Labour Day” as declared by the Government of Pakistan.

SBP amends regulations on large exposure limit

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KARACHI: State Bank of Pakistan (SBP) has amended regulations for banks regarding large exposure limit i.e. borrowing to single person or a group.

Easypaisa tops with 9.1m branchless banking accounts: SBP

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KARACHI: Easypaisa is remained on the number one position for having 9.1 million accounts and with 46 percent share in total branchless banking in the country, State Bank of Pakistan (SBP) said on Friday.

Banks to remain open on April 22, 23 for Hajj application

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KARACHI: State Bank of Pakistan (SBP) has directed at least 10 banks to open their designated branches on April 22 and 23 (Saturday and Sunday) for collection of Hajj application along with dues for Hajj 2017.

SBP directs banks to start customers’ due diligence for exchange of information under OCED agreement

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KARACHI: State Bank of Pakistan (SBP) has directed financial institutions to start due diligence of their customs from July 01, 2017 for the purpose of exchange of information under OECD convention.

SBP allows banks to value property for extending financing loans up to Rs3 million

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KARACHI: State Bank of Pakistan (SBP) has allowed banks to determine property valuation for extending housing loans up to Rs3 million.

SBP bars foreign recreational trips of bankers

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KARACHI: State Bank of Pakistan (SBP) has barred foreign recreational trips of bankers and directed banks to send their staff only on educational or training tours.

Pakistan, Iran sign banking channel agreement to start formal trade

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KARACHI: The central banks of Pakistan and Iran on Friday signed agreement of payment system to start official trade through banking system between the two countries.

State Bank warns public against fake SBP housing societies

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KARACHI: State Bank of Pakistan (SBP) has warned general public against fake housing societies using the name of the central bank.

SBP directs banks to encash claims of Qarz-e-Hasna

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KARACHI: State Bank of Pakistan (SBP) has directed the banks to facilitate claimants and encash deposits under Qarz-e-Hasna after due verification.