State Bank of Pakistan (SBP)
State Bank of Pakistan Confirms Raqami Islamic Digital Bank as Scheduled Institution
The State Bank of Pakistan (SBP) has officially approved a Digital Retail Bank license for Raqami Islamic Digital Bank Limited, making it a scheduled bank…
Cabinet Seeks Clarity on Polymer Notes, Orders Further Study on Proposed Changes
The federal cabinet has raised questions over Pakistan’s proposed new currency notes, particularly the use of polymer material, prompting a decision to send the matter…
Pakistan’s Bank Deposits Surge to Record Rs. 37.4 Trillion in Dec 2025
Pakistan’s banking sector ended 2025 on a high note. Recent data from the State Bank of Pakistan (SBP) reveals that total bank deposits surged to…
Pakistan’s New Currency Notes Move Closer to Printing Stage
The State Bank of Pakistan (SBP) has confirmed that printing of newly designed currency notes will begin once the federal cabinet gives its formal approval,…
Monetary Policy Committee of SBP Keeps Policy Rate Unchanged at 10.5%
The Monetary Policy Committee (MPC) of the State Bank of Pakistan on Monday decided to keep the policy rate unchanged at 10.5%, citing stable inflation…
National Savings Slashes Profit Rates for 2026: See the New Rates Here
The Central Directorate of National Savings (CDNS) has officially reduced profit rates on the majority of its National Savings Schemes (NSS). These changes took effect…
SBP Kicks-off Implementation of ‘WE’ Finance Code to Empower Women Entrepreneurs
The State Bank of Pakistan (SBP) has officially started implementing the Women Entrepreneurship Finance (WE-Finance) Code, a strategic initiative designed to increase financial access for…
Ahson Bin Saeed Appointed CEO of Raast Payments Pakistan
Ahson Bin Saeed has officially taken charge as the Chief Executive Officer (CEO) of Raast Payments Pakistan. The announcement regarding his appointment was made today,…
National Savings Confirms Official Schedule for First Prize Bond Draw of 2026
The State Bank of Pakistan, in coordination with National Savings, has announced that the first Prize Bond draw of 2026 will take place on Thursday,…
SBP P-FII Report Reveals Critical Gap Between Banking ‘Access’ & ‘Service Quality’
The State Bank of Pakistan (SBP) launched the Pakistan Financial Inclusion Index (P-FII) yesterday, offering the first comprehensive look at the country’s financial landscape. The…
NADRA Legalizes Facial and Iris Scans as Official Biometric ID
The federal government and NADRA have officially amended the National Identity Card (NIC) Rules to widen the legal definition of biometrics. As of Wednesday, facial…
SBP Announces January 1, 2026 as Bank Holiday: No Public Dealing
The State Bank of Pakistan (SBP) has officially announced a bank holiday for Thursday, January 1, 2026. According to an official Circular Letter, issued on…
The Raast Revolution: Apps Now Control 81% of Pakistan’s Digital Payments
Pakistan’s shift toward a cashless economy is accelerating at a record pace. The State Bank of Pakistan (SBP) has released its Payment Systems Quarterly Review…
