State Bank has imposed penalties of 8 crores and 31 lakhs rupees on 4 commercial banks. According to a statement issued by the State Bank of Pakistan, these penalties were imposed on the banks during July to September. As per the State Bank, during the first three months of the ...

ISLAMABAD - State Bank of Pakistan (SBP) has imposed heavy penalties on four commercial banks in November 2019 due to the violation of various rules and regulations related to operations and services. SBP’s enforcement order states that MCB Bank, Habib Bank Limited, Allied Bank Limited and Bank ...

ISLAMABAD - State Bank of Pakistan has issued a deadline of 1st January 2021 to commercial and microfinance banks to implement the International Financial Reporting Standard on Financial Instruments (IFRS 9) in their systems. The decision was taken against the request of several banking ...

State Bank of Pakistan has relaunched the short messaging service for issuance of fresh currency notes to the general public on Eid. The fresh currency notes will be available from designated commercial bank branches called “e-branches” and the sixteen field offices of SBP BSC. The ...

ISLAMABAD - State Bank of Pakistan (SBP) has warned all the commercial banks across Pakistan. SBP has observed that customers’ information is being accessed by unauthorized persons within the banking system. It has ordered commercial banks to ensure the secrecy of customers and their data to ...

KARACHI: (APP) The State Bank of Pakistan (SBP) Monday spelled out a number of steps to minimise money laundering through banking channels, and advised banks to monitor transaction patterns of customers and report suspicious activities. SBP Governor Ashraf Mahmood Wathra addressed CEOs of ...

KARACHI: (APP) The total liquid foreign reserves held by the country stood at US$ 21,822.6 million on 24 February 2017, a statement issued by the State Bank of Pakistan (SBP) said here on Thursday. It said that the break-up of the foreign reserves position is as under:i) Foreign reserves held ...

KARACHI: (APP) The total liquid foreign reserves held by the country stood at US$ 21,929.8 million on 17 February 2017, says a statement issued on Thursday by the State Bank of Pakistan. It said that the break-up of the foreign reserves position is as under:i) Foreign reserves held by SBP: ...

KARACHI – State Bank of Pakistan (SBP) issued directives to all commercial banks and financial institutions across the country not to provide monetary services to banned outfits or persons.The move is aimed at curbing money laundering and financial sources used in carrying menace of terrorism. ...

KARACHI: (APP) The total liquid foreign reserves held by the country stood at US$ 22,031.3 million on February 3, 2017. Foreign reserves held by the State Bank of Pakistan (SBP) were US$ 17,217.8 million, while Net foreign reserves held by commercial banks were US$ 4,813.5 million, said a statement ...