Tag Archives: SBP

Interview with Sardar Shoukat Popalzai – President, Balochistan Economic Forum PAGE: Pakistan might receive around $30 billion remittances during the current financial year. What is your take on it? Sardar Shoukat Popalzai: Surprisingly, Pakistan saw an increase in remittances even when …

State Bank of Pakistan (SBP) has unveiled the third five-year Strategic Plan for the development of Islamic Banking in the country. The plan has set headline targets for Islamic banking to be achieved by 2025. These include: 1) achieving 30% …

Statistics show that in Pakistan the composition of Islamic banking industry (IBI) stayed similar with 22 Islamic banking institutions comprising 5 full-fledged Islamic banks (IBs) and 17 conventional banks having standalone Islamic banking branches (IBBs) at the end of December …

At its meeting on 19th March 2021, the Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) decided to maintain the policy rate unchanged at 7 percent. The MPC noted that since the last meeting in January 2021, growth …

According to the Economic Survey FY2020, stable inflation is always linked with well growth and development outcomes. Price stability not only declines uncertainty but also offers multi-dimensional optimistic impacts on economic, social, and psychological spheres of all segments of the …

COVID-19 has accelerated digitization of banking as customer expectations change during the pandemic. This potential digital change would also help banks cope with the tougher operating environment the pandemic has brought. For the longer term it will be a fundamental …

State Bank of Pakistan in collaboration with Karandaaz and Bill & Melinda Gates Foundation, marked the beginning of 2021 with a digital leap forward following the launch of Raast — Pakistan’s first instant payment system that permits end-to-end digital payments …

Dubai Islamic Bank, the world’s first Islamic bank – last week joined the Roshan Digital Account (RDA) initiative of the State Bank of Pakistan (SBP) in a ceremony with Governor SBP, Dr. Reza Baqir, as the Chief Guest. Headquartered in …

Interview with Mr. Shaham Ahmad — Honorary Secretary, ICMA Pakistan Year 2021 will be a year of ‘economic recovery’ for Pakistan Govt must chalk out pragmatic strategy to deal with challenges with success PAGE: Tell me something about yourself, please? …

Interview with Mr Khalid Tawab – Chairman, Tawab Group Pakistan & Gulf Economist had an exclusive conversation with Mr Khalid Tawab regarding Roshan Digital Accounts and the economy. Following are the excerpts of the conversation: RDA is a good initiative of …

Studies reveal that the worker’s remittances are considering second largest source of finance in developing countries after foreign direct investment (FDI). The worker’s remittances are positive as well as significant with GDP growth and also playing an active role in …

In Pakistan, Islamic banking has registered substantial growth over the last few years. Along with increase in number of branches, windows and diversity of Islamic banking products and services, the size of Islamic banking balance sheet has improved significantly. The …