State Bank of Pakistan

Record breaking remittances reach above $2 billion for 10th consecutive month in a row

The flow of workers’ remittances into Pakistan continued its record run of going above $2 billion for the 10th consecutive...

in News
Apr 12 · 1 min read >

Ex-IMF official & State Bank’s current governor, Raza Baqir calls for an end to SBP’s accountability

The current governor of the State Bank of Pakistan (SBP), who used to oversee the IMF’s operations in Egypt,...

in News
Mar 27 · 1 min read >

Pakistan records current account surplus of $881 million against a deficit of $2,741 million last year

“During Jul-Feb FY21, the current account remained in a surplus of $881 million, against a deficit of $2,741 million...

Mar 22 · 1 min read >

Internet & Mobile banking transactions more than double – up by 113%, with 44.2 million cards issued

The State Bank of Pakistan (SBP) has announced that Internet & mobile banking transactions more than doubled in Q2FY21...

in News
Mar 19 · 1 min read >

SBP foreign exchange reserves plummet by $386m over a single week

Foreign exchange reserves held by the State Bank of Pakistan (SBP) have taken a considerable hit. According to data...

in News
Jan 22 · 48 sec read >

A complete guide to opening a Roshan Digital Bank Account

The State Bank of Pakistan recently announced a new banking solution for Non-Resident Pakistanis called the Roshan Digital Account....

Jan 10 · 2 min read >

SBP launches consultation on Banking on Equality Policy – an initiative to increase financial inclusion of women in the country

In order to address one of the key challenges hindering economic growth of Pakistan to its full potential, State...

in News
Dec 22 · 2 min read >

State Bank of Pakistan finally grants SadaPay approval to begin pilot operations in 2021

The State Bank of Pakistan has granted permission to fintech startup SadaPay to begin pilot operations next year. The...

Dec 16 · 56 sec read >

Workers’ remittances remain above $2 billion for the sixth consecutive month: SBP

Workers’ remittances have continued their steady (and impressive) momentum by remaining above the $2 billion mark for a record...

in News
Dec 11 · 1 min read >

Mobile banking grows rapidly due to COVID-19

The State Bank of Pakistan released a report this week on the Payments Systems Review for July-September. The report,...

in News
Dec 9 · 50 sec read >

State Bank issues regulatory framework to facilitate e-Commerce exports from Pakistan

According to a press release issued by the State Bank of Pakistan (SBP), the bank has issued a regulatory...

in News
Dec 3 · 1 min read >

Foreign investors withdraw $471.7M from Pakistan’s debt market after SBP slashes policy rates

In the last five months, foreign investors have withdrawn $471.7 million from Pakistan’s debt market owing to reduced policy...

in News
Nov 30 · 53 sec read >