State Bank of Pakistan (SBP)
Govt Mandates QR Codes on Utility Bills for Digital Payments
To boost financial digitization, the government has ordered mandatory QR codes on electricity, gas, and phone bills for digital payments. In a high-level meeting chaired…
Car loan growth hits Rs276.6bn despite financing challenges
LAHORE: Pakistan’s auto financing market continued its upward momentum in June 2025, with outstanding car loans rising to Rs 276.6 billion, according to the State…
SBP to Roll Out Pilot for Pak’s Own Digital Currency
ISLAMABAD / SINGAPORE: The State Bank of Pakistan (SBP) is preparing to launch a pilot project for a central bank digital currency (CBDC). SBP Governor…
Pakistan sees growth in Workers’ Remittances in first half of 2025
Pakistan saw a steady inflow of $20.45 billion in workers’ remittances during the first six months of 2025, according to the latest data from the…
Money Link Exchange Ceases Operations in Pakistan
Money Link Exchange has ceased its operations in Pakistan after its license was revoked by the central bank, following the company’s own request. The State…
How to Apply for SBP Cyber Risk Officer & SBOTS 28th Batch ( Application Details Inside)
The State Bank of Pakistan (SBP) is inviting applications for its two flagship recruitment programs: the SBP Cyber Risk Officer scheme and the State Bank…
Most Bank Accounts in Pakistan Hold Less Than Rs50,000
Most bank accounts in Pakistan have relatively modest balances, with new central bank figures showing that over 70% of accounts hold deposits of less than…
SBP Foreign Exchange Reserves Decline by $2.65 Billion in One Week
The SBP foreign exchange reserves witnessed a sharp decline of $2.65 billion in a single week, dropping to $9.06 billion as of June 20, 2025,…
Fact Check: Has SBP Issued a New Rs1,000 Currency Note?
A fact check has revealed that the viral Rs1,000 currency note circulating on social media is fake, as confirmed by the State Bank of Pakistan…
SBP: Cash Still Dominates High-Value Payments in Pakistan
While digital payments in Pakistan continue to grow rapidly, a major challenge persists: high-value transactions remain largely paper-based. According to the State Bank of Pakistan…
Digital Payments Now Make Up 89% of Retail Transactions in Pakistan
Pakistan’s retail landscape has undergone a significant digital transformation, with nearly 90% of retail payments now processed through digital channels, according to the State Bank…
Unclaimed Bank Deposits Moved to SBP: Step-by-Step Guide to Claim Your Funds
The State Bank of Pakistan (SBP) has confirmed that all unclaimed deposits in Pakistan up to December 31, 2023, have been surrendered by banks and…
SBP Calls for Long-Term Investment Incentives
ISLAMABAD: As Pakistan’s rupee comes under renewed pressure, the State Bank of Pakistan (SBP) has proposed tying tax benefits to longer-term foreign investments in government…
