State Bank of Pakistan
Pakistan’s Digital Payments Surge: 88% Retail Transactions, 1,450M Deals & PKR 24 Trillion in Value
2 min read
Pakistan’s digital payment ecosystem continues to expand, with a significant portion of retail transactions now occurring through digital channels. According to the State Bank of…
NADRA Launches Pakistan’s First-Ever Digital Identity Card
3 min read
ISLAMABAD: The National Database and Registration Authority (NADRA) marked a significant milestone on Monday by unveiling Pakistan’s first dematerialized identity card. This initiative aligns with…
Winners of Rs40,000 Prize Bond Draw for March 2025 Declared
2 min read
For millions of Pakistanis, prize bonds remain an attractive investment option because of the safety of their funds and the possibility of winning large cash…
Khushhali Bank Announces Plans for Islamic Banking Expansion
2 min read
ISLAMABAD: The State Bank of Pakistan’s Vision 2028 seeks to assist conventional banks in becoming Shariah-compliant financial institutions in accordance with the decision of the…
Bank of Khyber Takes Steps to Operate as a Fully Islamic Bank
2 min read
The Bank of Khyber (BoK) has officially embarked on its journey to transform from a conventional banking institution into a fully-fledged Islamic bank. This strategic…
SECP & SBP Collaborate for Same-Day Corporate Bank Account Opening
2 min read
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP) are working together on a new initiative aimed at…
Punjab to Launch Electric Buses in Two Major Cities
3 min read
LAHORE: To address traffic congestion, environmental challenges, smog, and related issues, the Punjab government has initiated the purchase of electric buses for Faisalabad and Bahawalpur,…
Is the 5,000 Rupee Note Being Discontinued Soon?
2 min read
ISLAMABAD: Several Members of Parliament (MPs) and government officials have recently expressed their opinions that the 5,000 rupee note should be abolished, citing concerns over…
UBL and Silk Bank to Finalize Merger Through Share Swap
2 min read
The merger between Silk Bank Limited (SILK) and United Bank Limited (UBL) has been approved by both parties. UBL, one of Pakistan’s largest commercial banks,…
NBP Branch Sealed by SBP Over Alleged Rs. 2 Million Fake Currency Scandal
2 min read
HAFIZABAD: The State Bank of Pakistan (SBP) has closed the Hafizabad branch of the National Bank of Pakistan (NBP) after detecting Rs. 2 million in…
Bank Alfalah Gains Approval to End Operations in Bangladesh
2 min read
Bangladesh Bank and State Bank of Pakistan have both given Bank Alfalah Limited (PSX: BAFL) in-principle authority to exit Bangladesh. Since BAFL is going to…
First Quarter Sees 60% Decrease in Foreign Aid to Pakistan
2 min read
ISLAMABAD: In the first quarter of the current fiscal year (July-September), Pakistan’s foreign assistance inflows dropped 60% to $2.3 billion, from approximately $5.73 billion in…
State Bank of Pakistan launches challenge fund to boost digitalization in SMEs
2 min read
The State Bank of Pakistan (SBP) has unveiled a new Challenge Fund aimed at fostering technology adoption and digitalization among small and medium enterprises (SMEs).…
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