SBP
SBP Dollar Purchases Push Reserves to $14.5 Billion
The State Bank of Pakistan (SBP) has revealed that its dollar purchases from the open market since June 2024 totaled $7.8 billion, raising foreign exchange…
SBP Opens Fintech Sandbox for Innovative Solutions
The State Bank of Pakistan (SBP) has opened applications for the first cohort of its Regulatory Sandbox (RSB), aiming to drive innovation in Pakistan’s financial…
Pakistan IT Exports Hit Record $354 Million in July
Pakistan IT exports climbed to an all-time high of $354 million in July, showing a 24 percent year-on-year rise and a 5 percent month-on-month increase,…
Govt Launches Risk Coverage Scheme to Boost Agri Financing
The federal government has introduced a new risk coverage scheme to encourage banks and microfinance institutions to expand financing for small and marginalized farmers, particularly…
State Bank Declares 1LINK a Designated Payment System
The State Bank of Pakistan (SBP) has formally declared 1LINK (Private) Limited a Designated Payment System, marking a major step in enhancing Pakistan’s digital financial…
ECC Greenlights Rs3.5bn to Boost Raast QR Adoption
Islamabad: The Economic Coordination Committee (ECC) of the Cabinet approved a set of measures to speed up digital payments and to support people hit by…
Pakistan’s Call Center Industry Earns $320 Million in FY25 Exports
Pakistan’s call centers posted strong growth in FY25, generating over $328 million in foreign exchange earnings. The sector expanded operations and revenues, reinforcing its role…
T-Bills Lose Appeal as Foreign Investors Pull Out
Foreign investors are pulling out of Pakistan’s T-bills, making July a difficult opening month for FY26. Weak inflows and significant sell-offs underscored the declining appeal…
Govt Sets Bold Targets to Promote Cashless Economy by 2026
The government has unveiled new national targets under the Prime Minister’s Cashless Economy initiative, tasking the State Bank of Pakistan (SBP) with accelerating the shift…
Ministry Demands Swift Raast QR Code Implementation for Utility Bills
The Ministry of Finance has directed administrative ministries and regulatory bodies to provide immediate updates on the rollout of Raast QR codes across public utility…
SBP Issues Rs. 75/- Commemorative Coin to celebrate Marka-e-Haq
The State Bank of Pakistan (SBP) has announced the release of a special Rs75 commemorative coin. The coin honors the bravery of Pakistan’s armed forces…
Pakistan and Japan’s Soramitsu Set to Begin Central Bank Digital Currency Trial
Pakistan is set to launch its first central bank digital currency (CBDC) pilot later this year in collaboration with Japanese blockchain technology firm Soramitsu. The…
SBP Unveils New Framework to Ease Bank Account Opening
In an effort to streamline the process of bank account opening, the State Bank of Pakistan (SBP) has released new regulations for customer onboarding. Standardization…
