State Bank

State Bank Of Pakistan prepares for DIGITAL SHIFT

STATE BANK OF PAKISTAN PREPARES FOR DIGITAL SHIFT

STATE BANK OF PAKISTAN PREPARES State Bank of Pakistan is considering allowing people to open accounts at banks without physically visiting branches . They will do this through digital means like internet and mobile banking.Hence, without compromising customers’ due diligence. “Digital account opening…is the way forward,” State Bank of Pakistan (SBP) Governor Dr Reza Baqir said. He was  hosting...

foreign exchange

MARKET-BASED EXCHANGE RATE SYSTEM;STATE BANK’S FOREIGN RESERVES HAVE RISEN TO 12.9 BN

EXCHANGE RATE SYSTEM Pakistan's exchange rate is a "market-based exchange rate system" that follows supply and demand, but State Bank can not leave it entirely to the market, Raza Baqir said in his first press conference as State Bank of Pakistan (SBP) governor. 'So, if there is volatility, then the State Bank intervenes. You need to keep a close eye on the market. That is our regime, and we want to go...

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