The Reserve Bank of Australia Governor expects to save Rs 1.5 trillion in interest payments after the interest rate cut – Trendy Blogger

The Reserve Bank of Australia Governor expects to save Rs 1.5 trillion in interest payments after the interest rate cut

 – Trendy Blogger

State Bank of Pakistan (SBP) Governor Jamil Ahmad announced that a drop in the key interest rate to 13% will save the government Rs1.5 trillion in interest payments during the current fiscal year (FY25). Speaking to a private news channel, the Governor of the State Bank of Pakistan said that this saving will support the … Read more

NPPMCL urges SBP to release foreign currency in exchange for maintenance payments – Trendy Blogger

NPPMCL urges SBP to release foreign currency in exchange for maintenance payments

 – Trendy Blogger

National Power Parks Management Company (Private) Limited (NPPMCL), a government-owned independent power producer (IPP), has invited the State Bank of Pakistan (SBP) to approve the transfer of US$4.7 million to General Electric (GE) for… Maintenance work. Of power plants powered by liquefied natural gas (RLNG). According to media reports, the payment delay is due to … Read more

With an 8% increase, the share of digital payments rises to 84% in FY2024 – Trendy Blogger

With an 8% increase, the share of digital payments rises to 84% in FY2024

 – Trendy Blogger

A person pays using his cell phone through the instant electronic payment mode known as PIX, at a store in Rio de Janeiro, Brazil, April 1, 2024. – Reuters State Bank says online banking users are seeing a 25% increase. With an increase of 62%, 1,346 million transactions worth Rs 70 trillion were recorded. Customers … Read more