SBP’s Q3 FY25 Report Highlights Major Growth in Digital Payments and E-Commerce Transactions
The State Bank of Pakistan’s third quarterly review for FY25 highlights a robust increase in digital payment adoption, driven by mobile banking, e-commerce, and QR transactions, with digital platforms handling 89% of all retail payments.
Digital Payments Hit Record High in Q3 FY25 as SBP Reports Surge in Mobile and E-Commerce Transactions
SBP’s Q3 FY25 report highlights robust growth in Pakistan’s digital payments sector, with mobile banking, wallets, and e-commerce transactions rising significantly and digital platforms covering 89% of all retail payments.
KSE-100 Index Closes Higher Amid Volatile Trading, Gains 515 Points
The KSE-100 Index closed in the green on Wednesday, gaining 515 points as commercial banks and cement sectors supported market momentum. Market volume, however, witnessed a slight dip from the previous session.
Meezan Bank and IBA-CEIF Nurture Next Generation of Islamic Finance Professionals with Second Cohort of Meezan Justuju
Meezan Bank, in collaboration with IBA-CEIF, has completed the second cohort of its ‘Meezan Justuju’ initiative, aimed at developing future Islamic finance leaders through specialized training and mentorship across Karachi, Lahore, and Islamabad.
Pakistan’s Banking Sector Backs Federal Budget 2025–26 with Transformative Support for Inclusive Growth
The banking industry, led by the Pakistan Banks Association, has endorsed the Federal Budget 2025–26, playing a pivotal role in supporting initiatives aimed at circular debt resolution, rural financing, SME growth, affordable housing, green mobility, and skills development.
SBP to Launch Government Securities Auctions via PRISM+ Platform in July
The State Bank of Pakistan is set to conduct auctions of government securities and open market operations via its upgraded PRISM+ system starting next month, signaling a move toward greater transparency and digitization in financial market operations.
FPCCI and SECP Collaborate to Drive Corporatization and Boost Economic Growth in Pakistan
The FPCCI and SECP held a joint seminar in Lahore to promote corporatization, streamline regulatory compliance, and strengthen Pakistan’s business environment, with an emphasis on financial inclusion and corporate governance.
Digital Payments Dominate Retail Transactions in Pakistan, Hitting 89% Share in Q3 FY25
In Q3 FY25, digital payments accounted for 89% of Pakistan’s retail transactions by volume, with mobile banking, e-wallets, and Raast leading the shift toward a cashless economy, according to SBP’s latest report.
SBP to Shift Government Securities Auctions and OMOs to PRISM+ Platform Starting Next Month
The State Bank of Pakistan will conduct all future government securities auctions, buybacks, and OMOs through the PRISM+ platform starting next month, aiming to modernize and streamline market operations.
Faysal Bank Recognized for Advancing Disability-Inclusive Banking in Pakistan
Faysal Bank earns national recognition at the PWDs Finclusion Awards 2025 for its efforts in promoting disability-inclusive banking and accessible services across Pakistan, aligned with SBP’s inclusion policy.