SBP
SBP Clarifies 2 Hours Cooling Period in Digital Funds Transfer
2 min read
The State Bank of Pakistan (SBP) has clarified that the 2 hours cooling period does not affect digital funds transfer, which remains instant. According to…
SBP Approves LemFi-UBL Partnership for Remittances
2 min read
RightCard Payment Service Limited, trading as LemFi, a leading international payments platform, announced today that the Apex Bank in Pakistan, the State Bank of Pakistan…
SBP Maintains Policy Rate at 11%
2 min read
The State Bank of Pakistan (SBP) has announced its decision to keep the benchmark policy rate unchanged at 11% following the Monetary Policy Committee (MPC)…
Floods Fuel Inflation as SBP Expected to Hold Rate
2 min read
Pakistan is expected to hold its policy rate as floods push food prices higher and complicate monetary decisions. A Reuters poll of 14 analysts showed…
Pakistan Launches Trial of National Digital Currency
2 min read
The State Bank of Pakistan (SBP) has officially started the trial phase of its central bank digital currency (CBDC), marking a significant step toward modernizing…
SBP Foreign Exchange Reserves Rise to $14.34 Billion
2 min read
The State Bank of Pakistan (SBP) reported a modest rise in its foreign exchange reserves, which increased by $34 million to reach $14.34 billion as…
Senators Flag SBP Clause Allowing Officials to Set Own Salaries
2 min read
Senators have raised concerns over a State Bank of Pakistan (SBP) clause that enables its top officials to set their own salaries and benefits without…
SBP Tightens Rules, Banks Must Compensate Losses in 2 Days
2 min read
The State Bank of Pakistan (SBP) has ordered commercial banks and financial institutions to reimburse customers for any financial loss resulting from a data breach…
Pakistan Public Debt Skyrockets as Govt Borrows Rs25.4bn Every Day
2 min read
Pakistan public debt has soared to an unprecedented Rs80.5 trillion by the end of June, with an alarming daily addition of Rs25.4 billion, breaching statutory…
Pakistan Begins Work on Central Bank Digital Currency
2 min read
Pakistan has officially started working on a Central Bank Digital Currency (CBDC), marking its entry into the global digital finance movement that is redefining how…
SBP Directs Banks to Equip 25% Branches with CDMs by 2028
2 min read
The State Bank of Pakistan (SBP) has ordered all banks and microfinance banks (MFBs) to ensure that at least 25 percent of their branch network…
SBP Reserves Increase by $28 Million, Hit $14.30 Billion
2 min read
Pakistan’s foreign exchange reserves witnessed a slight improvement this week, as the State Bank of Pakistan (SBP) reserves increased by $28 million, reaching $14.30 billion…
SBP to Legalize Digital Currencies Under New Bill 2025
2 min read
The State Bank of Pakistan (SBP) has agreed in principle to declare digital currencies legal in the country. However, a proper regulatory framework is still…
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