SBP
SBP Clarifies No Major Revision in Current Account After PBS Data Update
The State Bank of Pakistan (SBP) on Monday clarified that there will be no significant revisions to the country’s current account balance following the recent…
Govt Launches Cost Sharing Scheme for e-Bikes and Rickshaws
The federal government has launched a cost sharing scheme for electric bikes and rickshaws, aiming to promote clean energy, affordable transport, and green mobility in…
SBP Directs Banks to Begin Phase II of Basel III Reforms
The State Bank of Pakistan (SBP) has instructed commercial banks to initiate Phase II of Basel III reforms, aimed at addressing weaknesses in the pre-crisis…
SBP Clarifies 2 Hours Cooling Period in Digital Funds Transfer
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
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%
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
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
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
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
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
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
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
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…
