SBP
SBP Governor Provides Update on New Currency Notes
Governor State Bank of Pakistan (SBP) Jameel Ahmad stated that the introduction of new currency note designs is expected to face delays due to ongoing…
SBP Launches Go Cashless Campaign for Eid-ul-Azha 2026
The State Bank of Pakistan has launched a nationwide “Go Cashless” campaign for Eid-ul-Azha 2026 to encourage secure and convenient digital transactions in cattle markets across…
SBP Reserves Rise to Nearly $16 Billion After Fresh Dollar Inflows
The State Bank of Pakistan State Bank of Pakistan recorded a slight increase in its foreign exchange reserves during the week ending May 8, 2026, supported by…
Govt Plans 7-Year Car Installment Scheme With Loans Up to Rs. 10 Million
The federal government is considering a major overhaul of auto financing rules that would allow long-term car installment plans of up to seven years and…
SBP Declares Pakistan Banks Resilient After 15% Financial Sector Growth
Pakistan’s banking sector has strengthened significantly and is now better prepared to withstand economic shocks, according to the latest Financial Stability Review (FSR) 2025 released…
Will May 1, 2026, be an Official Holiday? SBP and PSX Confirm Closure on Labour Day
The banking and stock market activity in Pakistan will pause on May 1, 2026. The closure comes as the country observes Labour Day. The government…
KIBOR Jumps Up to 99 Bps After SBP Hikes Policy Rate to 11.5%
Pakistan’s Karachi Interbank Offered Rate (KIBOR) surged across multiple tenors after the State Bank of Pakistanraised its policy rate by 100 basis points to 11.5 percent, signaling a shift…
Business Community Rejects SBP Interest Rate Hike, Warns of Industrial Crisis
The Federation of Pakistan Chambers of Commerce and Industry has strongly rejected the State Bank of Pakistandecision to raise the policy rate by 1 percent, warning the move could…
Pakistani Banks See Sharp Rise in US Dollar Deposits Despite SBP Controls
Pakistan’s banking sector has recorded a sharp rise in US dollar deposits despite strict controls imposed by the State Bank of Pakistan, signaling persistent demand for…
Pakistan’s Forex Reserves Set to Increase by $2.5 Billion Next Week
Pakistan’s foreign exchange reserves are expected to rise by $2.5 billion next week, providing much-needed support to the country’s external position after recent financial inflows…
SBP Reserves Drop 6% to $20.52 Billion After Eurobond Repayment
Pakistan’s foreign exchange reserves declined sharply during the past week following a major external debt repayment, according to the State Bank of Pakistan (State Bank…
SBP Exempts IT Export Proceeds up to $25,000 to Boost Freelancers
The State Bank of Pakistan (SBP) has exempted IT companies and freelancers from declaring export proceeds of up to $25,000, easing reporting requirements to support the growth of…
SBP Introduces New Measures to Boost IT Exports and Freelancing
The State Bank of Pakistan (SBP) has announced a series of reforms aimed at facilitating IT exporters and freelancers, making transactions faster and simpler. Under the new…
