State Bank of Pakistan Announces Bank Holiday on 1st Ramadan for Zakat Deduction
The State Bank of Pakistan declares a bank holiday on the first day of Ramadan 1447 A.H. for zakat deduction, with banks closed for public dealing while employees maintain normal operations.
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.
SBP Orders Banks and DFIs to Implement Pakistan Green Taxonomy for Green Banking Policies
The State Bank of Pakistan has instructed all banks and DFIs to adopt the Pakistan Green Taxonomy as the core framework for green banking policies, enhancing sustainable finance across the country.