SBP
Govt Sets Bold Targets to Promote Cashless Economy by 2026
The government has unveiled new national targets under the Prime Minister’s Cashless Economy initiative, tasking the State Bank of Pakistan (SBP) with accelerating the shift…
Ministry Demands Swift Raast QR Code Implementation for Utility Bills
The Ministry of Finance has directed administrative ministries and regulatory bodies to provide immediate updates on the rollout of Raast QR codes across public utility…
SBP Issues Rs. 75/- Commemorative Coin to celebrate Marka-e-Haq
The State Bank of Pakistan (SBP) has announced the release of a special Rs75 commemorative coin. The coin honors the bravery of Pakistan’s armed forces…
Pakistan and Japan’s Soramitsu Set to Begin Central Bank Digital Currency Trial
Pakistan is set to launch its first central bank digital currency (CBDC) pilot later this year in collaboration with Japanese blockchain technology firm Soramitsu. The…
SBP Unveils New Framework to Ease Bank Account Opening
In an effort to streamline the process of bank account opening, the State Bank of Pakistan (SBP) has released new regulations for customer onboarding. Standardization…
SBP Expands Raast & PayPak to Reduce Foreign Payment Reliance
The State Bank of Pakistan (SBP) has accelerated its efforts to reduce Pakistan’s dependency on expensive international card networks like Visa and MasterCard, which settle…
SBP Buys $6.8B to Boost Reserves, Repay Debt
The State Bank of Pakistan (SBP) has made a significant move to stabilize its foreign reserves by purchasing $6.8 billion from the interbank market between…
Only 3% of Pakistan Retailers Accept Digital Payments: SBP
Despite advances in digital payment infrastructure, Pakistan’s retail sector shows low adoption of point-of-sale (POS) systems, underscoring a continued dependence on cash transactions. According to…
Pakistan’s IT Exports See First Dip After 19 Months
Pakistan’s booming IT export sector has finally hit a speed bump. In May 2025, the country recorded monthly IT exports worth US$ 329 million, reflecting…
Senate Finance Committee Reviews Solar Panel Policy, Gives a Deadline to SBP & FBR
Islamabad: The Senate Standing Committee on Finance and Revenue, presided over by Senator Saleem Mandviwalla, convened today at the Parliament House to deliberate on key…
PSDE Conference Unveils URAAN Framework to Drive Pakistan Toward $1 Trillion Economy
Islamabad: Pakistan took a significant step toward reimagining its development model as the 38th Annual General Meeting and Conference of the Pakistan Society of Development…
Binance Founder Changpeng Zhao Joins Pakistan Crypto Council as Strategic Advisor
In a groundbreaking move poised to reshape the global crypto landscape, Changpeng Zhao (CZ)—visionary founder of Binance and one of the most influential figures in…
Pakistan Govt Disburses 1.9 Million Digital Payments Under Ramadan Relief Package 2025
Islamabad: The government of Pakistan has taken a significant step toward digital governance and financial inclusion by successfully executing 1.9 million digital payments under the…
