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March 10, 2025:The State Bank of Pakistan (SBP) has announced its decision to maintain the policy rate at12.0%, as per the latest Monetary Policy Committee (MPC) meeting held on March 10, 2025. According to the SBP, inflation in February 2025 was lower than expected, primarily due to a decline in food and energy prices. However,…
A delegation from the State Bank of Pakistan (SBP), led by Dr. Muhammad Saleem, Additional Director of the Financial Inclusion Support Department, visited the Karachi Chamber of Commerce and Industry (KCCI) to discuss the importance of digitalization in the banking sector, with a special focus on the RAAST service. The meeting was attended by Senior…
Managing Director of State Bank of Pakistans Banking Services Corporation Muhammad Ashraf Khan has said that digitalization of foreign exchange, which started in March 2020, has been expanded from 8 to 13 banks and majority of the banks will be processing 88 percent of foreign exchange digitally by the end of February 2021 and 98…