Islamabad: The State Bank of Pakistan (SBP) has officially issued a license to E-Processing Systems Private Limited (EPSPL), allowing the company to begin business operations as an Electronic Money Institution (EMI). With this approval, EPSPL joins four other EMI companies – NayaPay Private Limited, Finja Private Limited, SadaPay Private Limited and Akhtar Fuiou Technologies Private … Read more
State Bank of Pakistan building in Karachi. – Application/File The direction issued in the case of Azmat Khan v. State Bank of Pakistan. PIC rejected SBP’s appeal, arguing that there were no valid reasons. SBP’s legal team is awaiting formal orders from the PIC regarding disclosure. LAHORE: The Pakistan Information Commission (PIC) on Saturday directed … Read more
State Bank of Pakistan building in Karachi. – Application/File KARACHI: The State Bank of Pakistan (SBP) on Thursday announced that banks will remain closed on November 9 on the occasion of Iqbal Day, the birth anniversary of poet of the East Muhammad Iqbal. November 9 is celebrated as “Iqbal Day” across Pakistan on the occasion … Read more
In this photo, the State Bank of Pakistan building in Karachi can be seen. – SBB/website Macroeconomic conditions in Pakistan improved during FY 2023-24 due to a range of reasons, including successful engagement with the IMF. In its annual state of Pakistan’s economy report for the fiscal year 2023-24, the State Bank of Pakistan (SBP) … Read more