SBP
Big Depositors Face New Bank Rules and Losses
The State Bank of Pakistan (SBP) has withdrawn the requirement for banks to offer guaranteed profit rates on savings accounts holding Rs10 million or more,…
Pakistan Opens Digital Gateway for Investors with Invest Pak Portal
Federal Minister for Finance and Revenue Muhammad Aurangzeb has launched the Invest Pak Portal, describing it as the start of a new era of investment in Pakistan and pledging…
PM Apna Ghar Expands Beyond Banks with NBFC Loan Approval
The federal government has allowed non-bank financial companies (NBFCs) to take part in the Prime Minister Apna Ghar Program (PM-AGP), widening access to the low-cost…
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.…
