Tag: SBP

Excellent Career Opportunities at State Bank of Pakistan

Posted on By Wajahut Gul
Jobs

SBP is looking for talented and energetic candidates for following positions based at Karachi: LEGAL SERVICES DEPARTMENT: Law Officer (OG-3) Legal Officer (OG-2) For complete details about eligibility criteria and to apply please visit: https://www.sbp.org.pk/careers/2022/Jul/LSD.htm INFORMATION TECHNOLOGY DEPARTMENT: System Administrator (Windows) (OG-3) System Administrator (Windows) on Contract System Administrator (Enterprise Backup and Recovery) on Contract … Read More “Excellent Career Opportunities at State Bank of Pakistan” »

SBP issues Instructions for Quality Data Reporting in ECIB

Posted on By Asher Karim No Comments on SBP issues Instructions for Quality Data Reporting in ECIB
News, Regulations

The State Bank of Pakistan (SBP) issued instructions on February 18, 2021 to all Banks, DFIs, MFBs, NBFCs and Modarabas regarding quality data reporting in the Electronic Credit Information Bureau (eCIB). These instructions have been issued after conducting an in-depth assessment of the mechanisms put in place for eCIB data feeding, compilation, validation and reporting … Read More “SBP issues Instructions for Quality Data Reporting in ECIB” »

600,000 Jobs saved by SBP Rozgar Refinance Scheme

Posted on By Asher Karim No Comments on 600,000 Jobs saved by SBP Rozgar Refinance Scheme
News

According to a statement issued by State Bank of Pakistan (SBP), until 15 May 2020, around 1700 businesses have applied for loan under the SBP’s Rozgar Refinance Scheme amounting to Rs. 120 billion. These businesses have employed more than 1.1 million individuals. Under this scheme, about Rs. 61 billion has already been approved by banks … Read More “600,000 Jobs saved by SBP Rozgar Refinance Scheme” »

What is SECP’s Secured Transactions Registry (STR)

Posted on By Asher Karim 2 Comments on What is SECP’s Secured Transactions Registry (STR)
News, Reviews

The government of Pakistan recently launched the Secured Transactions Registry (STR) pursuant to the Financial Institutions (Secured Transactions) Act, 2016. The STR will be used for registration of security interests/charges created by entities other than companies on their movable assets such as receivables, intellectual property, inventory, agricultural products, petroleum or minerals, motor vehicles, etc. STR … Read More “What is SECP’s Secured Transactions Registry (STR)” »

SBP decides to reduce Policy Rate by 100 basis points

Posted on By Asher Karim No Comments on SBP decides to reduce Policy Rate by 100 basis points
News

The Monetary Policy Committee (MPC) of SBP decided to reduce the policy rate by 100 basis points during its meeting held today 15th May 2020. The new policy rate will be at 8 percent which was 9 percent earlier. This decision is primarily based on the improved inflation outlook in light of the recent cut … Read More “SBP decides to reduce Policy Rate by 100 basis points” »

SBP will not issue Fresh Notes during this Ramadan

Posted on By Asher Karim No Comments on SBP will not issue Fresh Notes during this Ramadan
News

The State Bank of Pakistan (SBP) has decided that it will not issue fresh notes to general public on the occasion of Eid-ul-Fitr this year. According to an internal memo issued by SBP on 4th May 2020, the decision has been made to ensure implementation of social distancing measures announced by federal and provincial governments. … Read More “SBP will not issue Fresh Notes during this Ramadan” »

Crypto-currency and Pakistan: what is crypto-currency and its legal status in Pakistan?

Posted on By Asher Karim No Comments on Crypto-currency and Pakistan: what is crypto-currency and its legal status in Pakistan?
Regulations, Reviews

We have witnessed a drastic development and innovations in the digital payments especially in the recent few years. One of the area that has gained vast popularity is the crypto or virtual currencies. A cryptocurrency is a form of virtual currency or electronic money, working on a P2P basis, which allows users to transfer funds … Read More “Crypto-currency and Pakistan: what is crypto-currency and its legal status in Pakistan?” »

Truth about “Hamil e Haza ko Mutalbay per Adda Karega” – Myth buster

Posted on By Asher Karim No Comments on Truth about “Hamil e Haza ko Mutalbay per Adda Karega” – Myth buster
Banking and Finance, Reviews

Do you believe that the words “ھامل ھٰذا کو مطالبے پرادا کریگا” written on the Pakistani currency notes means that the State Bank Of Pakistan (SBP) will give you GOLD equivalent to the face value of currency note? Well here is a reality check. The answer is a big NO. Let’s say if you have … Read More “Truth about “Hamil e Haza ko Mutalbay per Adda Karega” – Myth buster” »