Tuesday, 18 January 2022

Tag Archives: State Bank of Pakistan

State Bank of Pakistan Eyes Digital Currency Launch by 2025

KARACHI: The State Bank of Pakistan (SBP), the country’s central bank, is considering the launch of a digital currency by 2025. According to a report from news source Dawn on Tuesday, SBP deputy governor Jameel Ahmad said that the central bank is currently working on the digital currency concept in order ...

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Pakistan to get $3 billion bailout package from UAE

DUBAI/ISLAMABAD: The United Arab Emirates has announced its intention to deposit US$3 billion in the State Bank of Pakistan to support the financial and monetary policy of the Islamic Republic of Pakistan, the Emirates News Agency reported on Friday. In a statement, the Abu Dhabi Fund for Development said it ...

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Major cyber attack hits private Bank in Pakistan

KARACHI: The country’s banking system was once again the target of a cyber-attack. Banks’ ATM cardholders and online users, particularly those maintaining accounts at Bank Islami, need to become extra cautious while doing financial transactions. According to industry sources, ABL and JS Bank have also restricted ATM overseas transaction. In its ...

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