State Bank of Pakistan (SBP)
Punjab Govt to Release March Salaries Early for Eid
LAHORE: The Punjab government has announced the early disbursement of salaries and pensions for March 2025 to Muslim government employees and pensioners ahead of Eid-ul-Fitr.…
SBP Shifts to VPN-Based Access for Enhanced Regulatory Security
KARACHI: The regulatory portals of the State Bank of Pakistan (SBP) will soon be accessible only through Virtual Private Networks (VPNs), as the bank moves…
SBP Introduces Raast Participation Criteria for Seamless Digital Payments
KARACHI: The State Bank of Pakistan (SBP) has issued the Raast Participation Criteria to enable various entities to join the Raast instant payment system, as…
Fitch Ratings Highlights Pakistan’s Progress Toward IMF Commitments
ISLAMABAD: Pakistan is making steady progress in restoring economic stability and rebuilding external buffers, according to Fitch Ratings. The agency emphasized that successful implementation of…
Islamabad United’s Binance Deal Sparks Debate Amid Pakistan’s Crypto Ban
Islamabad United, a premier franchise of the Pakistan Super League (PSL), has partnered with Binance, the world’s largest cryptocurrency exchange, as its official exchange partner.…
QR Code Payment System in Pakistan Faces FBR-Induced Delays
ISLAMABAD: Dr. Inayat Hussain, the Deputy Governor of the State Bank of Pakistan (SBP), informed the Senate Standing Committee on Finance on Wednesday that the…
Auto Financing Hits Rs235.45bn in December with Lower Interest Rates
According to statistics from the State Bank of Pakistan (SBP), vehicle financing reversed its downward trend in November, experiencing a slight increase to Rs235.454 billion…
Federal Government Announces December 25 as Public Holiday
ISLAMABAD: The federal government has declared December 25, 2024, as a public holiday to mark both Quaid-e-Azam Day and Christmas. A notification from the Cabinet…
SBP Announces December 25 as a Bank Holiday
The State Bank of Pakistan (SBP) has officially declared Wednesday, December 25, 2024, as a bank holiday in observance of Quaid-e-Azam Day and Christmas. This…
SBP Introduces Direct Investment Platform for Government Securities
The State Bank of Pakistan (SBP) has announced the launch of a new platform called InvestPak, aimed at simplifying the process of investing directly in…
MCB Bank Appoints Nauman Chughtai as President and Chief Executive Officer
MCB Bank Limited (PSX: MCB) has announced the appointment of Muhammad Nauman Chughtai as President and Chief Executive Officer. On December 20, 2024, Mr. Shoaib…
IT Services Exports Soar by 14% in Latest Growth Surge
In October, Pakistan’s services exports saw a significant rise of 13.43% compared to the same month last year, reaching $688.95 million, up from $607.37 million.…
Rs. 1.47 Trillion Surge in Banking Sector in October 2024
In October 2024, with a surge of 1.47 trillion rupees in advances, banks have been aggressively lending to certain consumers to avoid penalties imposed by…
