SBP
SBP Ends Reward Points for Overseas Remittance Senders
The State Bank of Pakistan (SBP) has decided to discontinue the Sohni Dharti Remittance Programme (SDRP), the incentive scheme that rewarded overseas Pakistanis for sending…
Banks to Cover Remittance Transfer Costs as SBP Ends Incentive
The State Bank of Pakistan (SBP) has discontinued the Telegraphic Transfer Charges Incentive Scheme (TTCIS), which reimbursed banks for charges on remittances of workers, effective…
Govt Body Hacked as Pakistan Logs 253 Cyberattacks in 2026
A Pakistani government entity was hit by a ransomware attack last week that encrypted its data, forcing officials to restore information from backup systems, PKCERT…
SBP Announces New Job Openings in Digital Innovations and Settlements Department
The State Bank of Pakistan (SBP) has announced new job opportunities for qualified and energetic professionals in its Digital Innovations & Settlements Department (DI&SD) to…
Pakistan’s Forex Reserves Fall by $1.3 Billion as SBP Repays External Debt
Pakistan’s total liquid foreign exchange reserves declined by more than $1.25 billion during the week ended June 19, 2026, primarily due to external debt repayments…
FBR to Receive Data on Bank Transactions Above Rs. 100 Million Under New Law
The federal government has introduced a new reporting system for high-value bank transactions to improve tax compliance. Under the Finance Act 2026, banks and financial…
Banks to Remain Closed on July 1 Across Pakistan for Annual Bank Holiday
The State Bank of Pakistan has announced that all banks across the country will remain closed for public dealing on Wednesday, July 1, 2026, in…
SBP to Announce First Monetary Policy Decision of FY27 on July 27
The State Bank of Pakistan (SBP) has announced that its Monetary Policy Committee (MPC) will hold its first meeting of fiscal year 2026–27 on July…
SBP Cancels License of Time Exchange Company Over Regulatory Violations
The State Bank of Pakistan (SBP) has cancelled the authorization and license of Time Exchange Company (Pvt.) Limited with immediate effect over what it described…
Lawmakers Reject FBR Proposal To Access Bank Account Data
A parliamentary committee on Friday rejected a government proposal allowing the tax authority direct access to taxpayer bank account data within various scheduled national banks.…
Car Financing in Pakistan Hits Record Rs369 Billion as Vehicle Sales Continue to Rise
Automobile financing in Pakistan has reached a new all-time high, extending its growth streak for the 18th consecutive month despite an increase in the policy…
Bank Alfalah Gets SBP Approval to Raise Rs20 Billion To Enhance Capital Adequacy Ratio
The State Bank of Pakistan (SBP) has granted final approval to Bank Alfalah Limited to raise Rs20 billion through the issuance of redeemable capital instruments…
Raast QR Enables Cashless Challan Payments on Three Key Motorways
Pakistan has launched a QR-based digital payment system for traffic fines on selected motorways, developed in collaboration with the NHA, NHMP, and Zindigi-JS Bank. The…
