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SBP abolishes 1.5% fee on debit, credit card transactions

SBP abolishes 1.5% fee on debit, credit card transactions

KARACHI, (MANEND NEWS): The State Bank of Pakistan (SBP) has abolished the mandatory minimum fee of 1.5%, which was being charged by banks from merchants on financial transactions done through debit and credit cards, and

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State Bank of Pakistan issues Rs50 coin

State Bank of Pakistan issues Rs50 coin

KARACHI, (MANEND NEWS): The State Bank of Pakistan (SBP) on Friday issued a commemorative coin of Rs50 to mark the golden jubilee of the Senate, the upper house of parliament. The year 2023 marks the

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IMF objects to direct borrowing

IMF objects to direct borrowing

ISLAMABAD, (MANEND NEWS): The International Monetary Fund (IMF) has raised objections to Pakistan’s plan to directly borrow from local commercial banks in relaxation of competition rules, resisting the move that might cause distortion in the

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IMF seeks financing guarantees

IMF seeks financing guarantees

KARACHI, (MANEND NEWS): Pakistan will be required to give an assurance that its balance of payments deficit is fully financed for the fiscal year ending in June to unlock the next tranche of IMF funding,

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