Tag: banking
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SBP reports marginal dip in bank deposits
In January 2024, the total deposits held by scheduled banks in Pakistan experienced a robust year-on-year growth of 21.03 per cent, reaching Rs27.54 trillion.
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Pakistan Stock Exchange surges 2.33% to reach 66,223.63 points
The Pakistan Stock Exchange (PSX) maintained its upward trajectory, with the benchmark KSE-100 index reaching a new pinnacle on Friday.
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State Bank of Pakistan set to announce policy rate decision today
The State Bank of Pakistan (SBP) will soon unveil its latest monetary policy for the upcoming two months.
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Karachi residents disappointed as ATMs run out of cash ahead of Eid-ul-Azha
As the country prepares to celebrate Eid-ul-Azha on June 29, the residents of Karachi are encountering a pressing issue with the depletion of cash in automated teller machines (ATMs).
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President takes notice of increasing online bank frauds in Pakistan
President Dr Arif Alvi has taken serious notice of the rising trend of online banking frauds where fraudsters obtained contact details of banks’ clients by impersonating bank officials to get account and banking information and then used these details to swindle money out of clients’ accounts. In a press release released on Saturday, the President…
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New bank timings announced by SBP, Saturday will now be observed as a working day
Pursuant to the federal government’s directive issued on April 13, the State Bank of Pakistan (SBP) would observe a six-day work week with amended timings. During Ramzan, working hours for the central bank, development finance institutions (DFIs), microfinance banks (MFBs), and all commercial banks, are as follows: Monday to Thursday and Saturday from 8:00 am to…