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Raast Integration Enables Rupee Payments Between Pakistan and Arab Countries
The State Bank of Pakistan (SBP) has connected its Raast payment system with the Arab Monetary Fund’s Buna platform, allowing rupee-based payments between...
Business
Economic Conditions Improved in Pakistan During Last Fiscal Year, State Bank Report
The State Bank of Pakistan has issued its annual report for the 2023-24 fiscal year, highlighting improvements in Pakistan’s economic conditions. According to...
Business
State Bank Increases Loan Limit for Small and Medium Businesses in Key Move
The State Bank of Pakistan (SBP) has taken a significant step to support small and medium businesses as well as industries by raising...
Business
State Bank of Pakistan Cuts Policy Rate by 2%
Pakistan’s central bank has reduced the policy rate by 2 percentage points to 17.5%, effective September 13, 2024. The Monetary Policy Committee (MPC)...
