The State Bank of Pakistan (SBP) has asked all banks to assess the adequacy and implementation of internal control procedures pertaining to encashment of cheques in order to prevent financial loss and ...

The State Bank of Pakistan (SBP) has announced plans to introduce digital cheques clearing and a unified QR code for payments in a bid to promote digital financial products and services by financial ...

ISLAMABAD: The State Bank of Pakistan, in its bid to curb the spread of coronavirus, has slashed the time of clearing a cheque, the institution said in a circular issued on Saturday. In a circular, ...

The State Bank of Pakistan (SBP) has announced two new initiatives to facilitate the introduction of digital financial products and services by financial institutions, including a facilities for ...

In order to mitigate risk of fraud, State Bank of Pakistan has decided to prescribe additional security features for cheques provided by banks to their account holders. Previously in 2003, banks were ...

KARACHI: The system of cheque-clearance institution, the National Institutional Facilitation Technologies (NIFT) remains non-functional as cyber attackers managed to breach its security and force the ...

Traders raised a ruckus soon after Finance Minister Ishaq Dar introduced a withholding tax on banking transactions and cash withdrawals as part of the federal budget for 2015-16. People would withdraw ...

On the directions of President Dr. Arif Alvi, State Bank of Pakistan (SBP) will clear the cheques of the business community on Friday. The request to this effect was made by President of Lahore ...

KARACHI: The State Bank on Thursday issued detailed guidelines for the digitisation of collection of taxes and duties. The central bank said there were complaints and concerns by the tax payers over ...

On June 21, the State Bank of Pakistan issues guidelines in the form of questions and answers for aspiring declarants of overseas assets under the Declaration and Repatriation Act, 2018. Given below ...