SBP to Start Image-Based Cheque Clearing Under PECS From October 15
SBP will begin piloting the Pakistan Express Clearing System on October 15, replacing physical cheque movement with image-based clearing before nationwide rollout in 2027.
SBP to Launch Pakistan Express Clearing System for Image-Based Cheque Clearing
The State Bank of Pakistan will launch the Pakistan Express Clearing System on October 15, 2026, replacing physical cheque movement with image-based clearing.
1LINK Expects 12 Billion Transactions Worth Nearly Rs90 Trillion in 2026
Pakistan’s 1LINK expects more than 12 billion transactions worth nearly Rs90 trillion in 2026 as digital payment adoption continues to expand across banks, fintechs and consumers.
MCB Bank Partners with TrendAI to Strengthen Cybersecurity and Digital Banking Resilience
MCB Bank has partnered with TrendAI and TechnoBIZ to strengthen cybersecurity, protect customer data and improve resilience across its digital banking ecosystem.
Pakistan Banks Extend Working Hours Until 10pm for Tax Payments on September 30
Commercial banks in Pakistan will keep branches open until 10pm on September 30 to facilitate government tax and duty payments ahead of the tax return deadline.
Alfalah, SkyElectric Partner to Expand QR Payments and BNPL Services
Bank Alfalah has collaborated with SkyElectric to enable QR payments and flexible Buy Now, Pay Later options for customers.
HBL, PAFLA Sign MoU to Provide Tailored Financial Solutions for Freelancers
HBL and PAFLA have signed an MoU to provide Pakistani freelancers with tailored banking, international payment and financial solutions.
Standard Chartered Launches ‘Move Ahead’ Campaign Inspired by Formula 1 Partnership
Standard Chartered has launched its global ‘Move Ahead’ campaign, drawing on its Formula 1 partnership to highlight preparation, performance and client growth.
Experts Urge Stronger Data Governance as Pakistan’s Banking Sector Expands Digital Operations
Experts have called for stronger data governance in Pakistan’s banking sector as digital payments grow, highlighting private artificial intelligence for governance, risk management and financial inclusion.
Askari Bank to Host Webinar on Islamic Banking in a Digital World
Askari Bank, in collaboration with the State Bank of Pakistan, will host a Financial Inclusion Webinar on Islamic Banking in a Digital World on September 29, 2026.