Tag: SBP

SBP to set up centre of excellence in IFE

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STAFF REPORT KHIR: State Bank of Pakistan is going to establish the Centre of Excellence in Islamic Finance Education (CEIFE) after getting proposals from the HEC certified universities having business schools. Finance Minister Ishaq Dar, addressing at the opening ceremony of proposals received to establish a CEIFE expressed his pleasure on the efforts being made to increase the radius of Islamic banking and finance. He said, both SBP and government are committed for the development…Read More

SBP plans to offer soft loans to small traders

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STAFF REPORT SIALKOT: The SBP has a plan to provide soft business loans to enable small traders to expand their businesses. "The central bank has evolved a comprehensive strategy to give a boost to small industrial estate sector, besides encouraging small traders and industrialists to take full advantage and benefit of the SBP’s soft loans schemes," SBP Deputy Director Iqbal Hussain said this while addressing industrialists in Sialkot. On the occasion, GCCI President…Read More

Mobile banking poses operational risks: SBP

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article image STAFF REPORT KHI: Mobile banking creates a heightened level of potential operations risk due to which the banking system despite its major transformation remains restricted in its outreach. "Solutions that work in wired networks may not be sufficient to address risks for application in a wireless environment and the transfer of information from a wired to a wireless environment can create additional risks to the integrity and confidentiality of the information exchanges,"…Read More

E-banking transactions reach Rs. 7.6 trillion: SBP

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article image STAFF REPORT IBD: The value and volume of the overall e-banking transactions in Pakistan increased by 18.02 per cent and 11.31 per cent during Oct 2012 to Dec 2012) to reach Rs 7.6 trillion and 79.45 million respectively as compared to the first quarter, reveals the recent report of the State Bank of Pakistan. Overall 9,896 bank branches out of 10,523 now offer Real-Time Online Branches (RTOB) services across the country. The value and volume of RTOB transactions also increased by 18.82 percent…Read More

SBP terms CLCV major threat to cotton crop

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STAFF REPORT IBD: The Studies on Bacillus thuringiensis (Bt) cotton have acknowledged that farmers in Pakistan are not making the most of Bt cotton because the Bt varieties were developed by various private sector plant breeders by transferring Bt trait to locally developed cotton varieties and these varieties are distributed without a formal regulatory framework which raises several concerns about the seed quality.According to the State Bank of Pakistan’s recent report unavailability of…Read More

| CLCV | Cotton | Crop | major | SBP | terms | Threat

SBP gets global repute for branchless banking

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article image STAFF REPORT KHI: The State Bank of Pakistan (SBP) has gained international recognition for its regulatory role in microfinance and branchless banking by making an enabling environment for their development in Pakistan.According to an international media report, the World Bank has praised SBP for its innovative approaches in expanding the access to financial services for the unbanked and underserved population of the country."Pakistan has one of the best regulatory environments in the world…Read More

Agri Forum lauds cut in SBP policy rate

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article image STAFF REPORT ISB:  Appreciating the reduction announced by the State Bank of Pakistan in its key policy rate by 150 basis points to 10.5 per cent, the Agriculture Forum Pakistan has said that efforts should be made to bring it to single digit."The downward revision in the interest rate will boost the business activities in the country besides attracting investment and creating more job opportunities for youth," said Chairman Muhammad Ibrahim Mughal while talking to the media.He said…Read More

| agri | cut | Forum | lauds | policy | Rate | SBP

SBP ups renewable power projects capacity limit

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article image STAFF REPORT KHI: The State Bank of Pakistan (SBP) has enhanced the capacity limit of all renewable power projects from 10MW to 20MW for financing under the Scheme for Financing Power Plants Using Renewable Energy’, says a press release issued here.It Banks/ Development Finance Institutions (DFIs) can consider financing requests of the sponsors, who intend to set up Power Projects up to a maximum capacity of 20MW, using all types of renewable energy sources eligible under the Scheme, says…Read More

SBP relaxation for renewable energy projects

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article image STAFF REPORT KHI: The State Bank of Pakistan (SBP) is encouraging the financing of renewable energy power plant projects in the country following the policy of the government to bridge the supply and demand gap of electricity in the country.In this regard, the central bank has extended the validity period of Scheme for Financing Power Plants Using Renewable Energy for a further period of two years - June, 2014, says a press release issued here last week.There are lots of energy projects planned…Read More

SBP plans to give Rs. 285b farm loans

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article image STAFF REPORT KHI: The State Bank of Pakistan has set Rs 285 billion target for disbursement of agriculture loan among small farmers for current fiscal year."These agri loans are being given to farmers through one-window operation. The farmers could give better output if banks provide them loan in time on easy instalments," said Director Development Finance of SBP Karachi, Dr Muhammad Saleem, while addressing a recent conference on agricultural and Industrial Awarenes.The SBP is playing…Read More

| 285b | farm | give | loans | plans | Rs | SBP