SBP Mandates Climate Risk Management Framework for Banks in Pakistan
The State Bank of Pakistan has issued a new regulatory framework requiring banks, DFIs, and microfinance banks to integrate climate-related financial risks into governance, strategy, and risk management systems, with full compliance due by 2029.
Debt Burden, Weak Productivity and Climate Risks Weigh Heavily on Pakistan’s Economic Outlook
The State Bank of Pakistan’s latest report highlights how debt, low savings, weak productivity, and climate shocks are undermining economic stability. With a fragile growth outlook, the central bank urges structural reforms, financial inclusion, and human capital development to sustain long-term economic resilience.