Bank
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Bank holiday in country tomorrow on account of Pakistan Day
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The State Bank of Pakistan’s (SBP) building. — APP/File The banks across the country will remain closed tomorrow (March 23) on account of Pakistan Day, the State Bank of Pakistan (SBP) said on Friday. The central bank announced the bank…
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VIDEO: Bank receives ‘misprinted’ Rs1,000 notes
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In a surprising move, a commercial bank in Karachi has reportedly received Rs1,000 notes that were misprinted. It isn’t clear whether a customer had spotted them or the bank staff had seen the issue themselves. However, in these testing times…
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SBP notifies bank holiday on 1st Ramadan
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State Bank of Pakistan (SBP) building. — AFP As the country prepares to welcome the holy month of fasting, the State Bank of Pakistan (SBP) on Friday notified the bank holiday across the country on 1st Ramadan, which is likely…
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Sindh govt, World Bank to invest $100m in renewables | The Express Tribune
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KARACHI: The Sindh government is collaborating with the World Bank to set up renewable energy projects in solar and wind equipment, aiming to protect the environment from greenhouse gases and Pakistan from recurrent natural disasters. Speaking at a seminar titled…
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Bank financing hits record high | The Express Tribune
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design: mohsin alam KARACHI: Pakistan’s commercial banks have continued to freely lend to the cash-strapped government at elevated rates of return, taking their financing to a record high of 93% of total deposits in January 2024. According to data compiled…
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SBP notifies bank holiday on February 8 for Pakistan elections
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The State Bank of Pakistan (SBP) on Tuesday announced bank holiday across the country on February 8 (Thursday), the day of much-anticipated general election. Pakistan is set to stage the most crucial polls in its history as the ballot takes…
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Indonesia c bank: No room to cut rates | The Express Tribune
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PADALARANG: Indonesia’s central bank has room to lower interest rates this year to lift economic growth, but is waiting for the rupiah to strengthen against the dollar, Governor Perry Warjiyo said on Saturday. “If we rush while the global condition…
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SBP announces bank holiday on February 5
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An undated image of the State Bank of Pakistan building. — Online/File The State Bank of Pakistan (SBP) on Wednesday announced a bank holiday on February 5 (Monday), in line with the government’s notification of a national holiday on this…
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World Bank offers help to investors | The Express Tribune
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ISLAMABAD: The World Bank has offered financial assistance and risk guarantee for investor comfort in a bid to encourage private sector participation in the management of ailing power distribution companies (DISCOs). As efforts are underway to hand over management control…
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SBP announces bank holiday on January 1
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An undated picture of the State Bank of Pakistan’s building. — AFP/File The banks will remain closed countrywide on account of “bank holiday” on January 1 (Monday), the State Bank of Pakistan (SBP) notified on Friday, as all the banks…
