Islamabad (Pakistan News Online) The federal government has slashed interest rates on Naya Pakistan Certificates issued in various currencies, effective immediately. According to the State Bank of Pakistan and the Ministry of Finance, the interest rate on 12-month Naya Pakistan Certificates in Pakistani rupees has been reduced by 850 basis points, bringing it down from … Read more
Karachi (Pakistan News Online) The State Bank of Pakistan (SBP) has shortlisted the designs for new currency notes ranging from Rs 10 to Rs 5,000. The SBP has revealed that in the first phase there are two designs which were initially selected for the Rs 10, Rs 500 and Rs 5,000 notes and one would … Read more
Islamabad (Pakistan News) State Bank Governor Jameel Ahmad has announced that the design of currency notes will be changed by December, however, the introduction of plastic currency notes will be tested, and if they gain public acceptance, they will be continued. The Senate Standing Committee on Finance, chaired by Saleem Mandviwalla, held a meeting during … Read more