SBP to set up centre of excellence in IFE


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


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




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

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

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
Page 1 of 2
1 2