SBP
6-Months Karachi Interbank Offered Rate-KIBOR Drops After SBP Cuts Policy Rate
Pakistan’s 6-month Karachi Interbank Offered Rate (KIBOR) dropped sharply to 10.76 percent in the current session from 11.11 percent a day earlier, reflecting market reaction…
IMF Support Sparks Momentum in Pakistan’s Reserve Position
Pakistan’s external position has received a notable boost as the country’s foreign exchange reserves crossed key year-end expectations, signalling improved stability following fresh international inflows…
Rs10.48 Trillion Injected into Pakistan’s Financial System by SBP
The State Bank of Pakistan (SBP) on Friday infused Rs10.48 trillion into the financial system through conventional reverse repo and Shariah compliant Mudarabah based operations,…
Pakistan’s FX Reserves Rise by $14 Million as SBP Holdings Reach $14.57 Billion
Pakistan’s liquid foreign exchange reserves recorded a slight uptick this week, with the State Bank of Pakistan (SBP) adding $14 million to reach $14.57 billion,…
PayPak Failure: SBP, Banks Come Under Fire in Senate Committee
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
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
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
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
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
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
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
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
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…
