SBP
PayPak Failure: SBP, Banks Come Under Fire in Senate Committee
2 min read
In a strongly worded session, the Senate Standing Committee on Finance raised serious concerns over the weak adoption of Pakistan’s local PayPak debit card, accusing…
QR Code Payments Introducing to LCCI as SBP Pushes Digital Shift
2 min read
Pakistan is moving another step toward a cashless economy as the State Bank of Pakistan (SBP) and the Lahore Chamber of Commerce and Industry (LCCI)…
Banks to Remain Open Saturday for Extended Tax Payment Hours
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Banks across Pakistan will remain open this Saturday, November 29, 2025, with extended hours to ensure smooth processing of government duties and tax payments. The…
PTCL Races to Acquire Telenor Ahead of 5G Spectrum Auction
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Pakistan’s telecom sector is poised for a major transformation as PTCL moves to acquire Telenor Pakistan, sources familiar with the matter confirmed. The deal, valued…
Pakistan’s Forex Reserves Rise to $14.55 Billion Amid SBP Liquidity Injection
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Pakistan’s foreign exchange reserves recorded a slight increase during the week ending November 14, 2025, with the State Bank of Pakistan’s holdings rising by $27…
Senate Panel Calls on SBP to End Mandatory Abaya Rules for Female Bank Staff
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In a significant development, a Senate committee has urged the State Bank of Pakistan to intervene after reports emerged that some Islamic banks were forcing…
Pakistan’s Current Account Deficit Jumps to $733m in 4MFY26 as Trade Gap Widens
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Pakistan’s current account deficit has sharply widened to $733 million in the first four months of FY26, signalling renewed pressure on the economy despite a…
SBP Tightens Cash Dollar Controls, Mandates Account Transfers for All FCY Deposits
2 min read
In a major step to curb cash-based dollar dealings, the State Bank of Pakistan (SBP) has ordered banks and exchange companies to stop handing over…
SBP Reserves Hit a Four-Year High as Pakistan Awaits IMF Inflow
2 min read
Foreign exchange reserves of the State Bank of Pakistan (SBP) hit a four-year high this week. The central bank reported a $22 million increase during…
Roshan Digital Account Inflows Rise to $205 Million in October 2025
2 min read
The Roshan Digital Account (RDA) continued its positive momentum as inflows reached $205 million in October 2025, marking a slight increase from $204 million in…
SBP Governor Calls for Regional Integration to Strengthen Asian Capital Markets
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Governor State Bank of Pakistan (SBP) Jameel Ahmad has urged stronger regional cooperation and innovation to create integrated capital markets across Asia, emphasizing that collaboration…
SBP Orders Banks to Digitally Onboard SMEs via Video Calls and GPS
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In a major push toward financial digitization, the State Bank of Pakistan (SBP) has directed banks and DFIs to introduce end-to-end digital onboarding for SMEs,…
Govt to Gradually Phase Out Remittance Incentive Schemes
2 min read
The government has approved a gradual phase-out of the Home Remittance Incentive Schemes (HRIS) to ensure foreign exchange inflows remain stable and unaffected. The Economic…
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