SBP impose Rs329 million penalty on HBL in 2025 as bank posts record profit
State Bank of Pakistan impose around Rs329 million penalty on Habib Bank Limited in 2025, while the bank reports record profit before tax of Rs148.1 billion.
Banks and DFIs Transfer Unclaimed Deposits to SBP After 10-Year Inactivity
Banks and Development Finance Institutions in Pakistan surrender unclaimed deposits up to December 31, 2024, to the State Bank of Pakistan, enabling account holders and legal heirs to file recovery claims.
SBP Allows Mobilink Bank to Begin Due Diligence on Apna Microfinance Bank
The State Bank of Pakistan has permitted Mobilink Bank to conduct due diligence on Apna Microfinance Bank, marking an early regulatory step toward a potential merger under the Banking Companies Ordinance.
SBP Begins Implementation of WE-Finance Code to Strengthen Women Entrepreneurship in Pakistan
The State Bank of Pakistan launches the implementation of the WE-Finance Code, bringing banks and stakeholders together to improve access to finance for women entrepreneurs nationwide.
SBP Elevates SM Suhail & Co to Category B on Its Approved Panel of Auditors
The State Bank of Pakistan has upgraded SM Suhail & Co, Chartered Accountants, from Category C to Category B on its Panel of Auditors, expanding the firm’s eligibility to undertake audit assignments for banks and financial institutions.
NIBAF Pakistan hosts ToT on banking conduct and consumer protection for SBP-BSC
NIBAF Pakistan conducts a face-to-face Training of Trainers on banking conduct and consumer protection to strengthen ethical banking practices and institutional capacity.
SBP reduces Special Cash Reserve Account (US$) rate to 2.69% for January 2026
The State Bank of Pakistan has lowered the remuneration rate on the Special Cash Reserve Account (US$) to 2.69% for January 2026, reflecting alignment with international benchmark rates under the SOFR-linked framework.
SBP Allows Banks to Increase Directors’ Board Meeting Fees by Up to 50 Percent
The State Bank of Pakistan has revised corporate governance rules, allowing commercial banks to raise board meeting fees by up to 50 percent, with higher caps linked to asset size and profitability.
IMF Raises Red Flags Over Governance Gaps in Pakistan’s Financial Sector Amid 2028 Islamic Banking Shift
An IMF governance diagnostic warns that while Pakistan’s financial sector shows resilience, governance weaknesses, institutional gaps, and the upcoming shift to a fully Islamic banking system by 2028 pose significant risks to long-term financial stability.
NIBAF Hosts Basel III and Problem Bank Management Training for SBOTS-27 Officers
NIBAF Pakistan hosted a two-day training for SBOTS-27 officers on Basel III standards and problem bank management, led by Syed Jahangir Shah, to strengthen regulatory expertise and financial stability oversight in Pakistan’s banking sector.