SBP Cancels Al-Rahim Exchange Company Licence With Immediate Effect
State Bank of Pakistan cancels Al-Rahim Exchange Company’s authorisation with immediate effect over serious regulatory violations, barring the company from all foreign exchange related activities.
Punjab Government Plans Rs30 Billion Share Subscription In Bank of Punjab
The Bank of Punjab has proposed issuing up to Rs30 billion in ordinary shares to the Government of Punjab through a planned equity subscription, subject to shareholder and regulatory approvals.
Rehmat Ali Hasnie Reappointed as National Bank of Pakistan President for Two Weeks
The Government of Pakistan has reappointed Rehmat Ali Hasnie as President and Chief Executive Officer of National Bank of Pakistan for two weeks from August 7, 2026, or until a new president assumes office.
JS Bank Successfully Completes Four Billion Rupee Capital Raising Through Subordinated Debt
JS Bank Limited successfully issues four billion rupees in Tier-2 capital Term Finance Certificates to institutional investors following central bank approval.
State Bank of Pakistan Revises Islamic Banking Windows Framework to Accelerate Branch Conversions
The State Bank of Pakistan issues updated guidelines for Islamic Banking Windows, granting financial institutions greater flexibility to convert conventional branches into Shariah compliant operations.
SBP Adjusts Remuneration Rate for Special Cash Reserve Account to 2.65 Percent for May 2026
The State Bank of Pakistan has revised the remuneration rate on US Dollar Special Cash Reserve Accounts to 2.65 percent for May 2026, aligning with SOFR benchmarks.
NIBAF Pakistan Hosts Comprehensive Certification Program for Compliance Professionals in Lahore
NIBAF Pakistan successfully organized a three-day Certified Compliance Professional program in Lahore to strengthen regulatory and risk management expertise.
State Bank of Pakistan Updates Framework to Allow Banking Access for Licensed Virtual Asset Providers
SBP issues new guidelines under the Virtual Assets Act 2026 allowing banks to provide accounts and services to PVARA-licensed Virtual Asset Service Providers.
State Bank of Pakistan Revokes Al Sahara Exchange Company Authorization
The SBP has revoked the license of Al Sahara Exchange Company following a voluntary request, ending its authority to conduct foreign exchange transactions in Pakistan.
State Bank of Pakistan Sets Remuneration Rate for Special Cash Reserve Account at 2.66 Percent
The State Bank of Pakistan notifies a 2.66 percent remuneration rate for April 2026 on Special Cash Reserve Accounts for FE-25 foreign currency deposits.