Pakistan’s Bank Deposits-to-GDP Ratio Drops to Lowest Level Among Peers: SBP
Pakistan’s deposits-to-GDP ratio has dropped to its lowest among peer economies despite record financial inclusion, according to SBP. Weak deposit growth, inflation, taxation, and religious factors are driving savers toward alternative assets, raising concerns about long-term investment financing and financial stability.
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.
Barq PK Secures SBP’s In-Principle Approval to Launch EMI Wallet in Pakistan
Barq PK has secured In-Principle Approval from the State Bank of Pakistan to establish an EMI Wallet, marking a significant milestone in advancing digital financial inclusion and accelerating the country’s transition toward a cashless economy.
SECP Hosts Strategic Roundtable on the Future of Takaful in Pakistan’s Evolving Financial Landscape
The SECP hosted a strategic roundtable in Karachi to shape the future of Takaful in Pakistan, uniting key industry leaders, global brokers, Shariah scholars, and policymakers to accelerate Shariah-compliant insurance growth and align it with its Five-Year Strategic Plan.
BOP and Onyx Exchange UAE collaborate to enhance remittance transfers for overseas Pakistanis
The Bank of Punjab partners with Onyx Exchange UAE to enhance secure, fast, and reliable remittance transfers to Pakistan, strengthening financial connectivity for overseas Pakistanis.
Muhammad Atif Hanif’s journey at Al Baraka Bank Pakistan inspires Islamic banking leadership
Muhammad Atif Hanif, President and CEO of Al Baraka Bank Pakistan Limited, is redefining leadership in Islamic banking through over 26 years of financial expertise, strategic policy contributions, and commitment to economic growth.
SBP Governor Jameel Ahmed Highlights Economic Reforms, Rising Stability and Microfinance Sector Revamp
SBP Governor Jameel Ahmed highlighted the impact of recent policy and regulatory measures that have improved macroeconomic stability, lowered inflation, and boosted foreign exchange reserves, alongside announcing major reforms for Pakistan’s microfinance sector.
NIBAF Celebrates Financial Literacy Milestone with FDE Students in Islamabad
National Institute of Banking and Finance celebrated its landmark financial literacy initiative with FDE students, highlighting partnerships with Karandaaz Pakistan and the State Bank of Pakistan. The event showcased the achievements of the FLIP project, training thousands of teachers and reaching over 110,000 students, reinforcing the importance of early financial education for national economic growth.
UAE’s IHC takes majority stake in First Women Bank to modernize Pakistan’s banking landscape
UAE’s International Holding Company has acquired an 82.64% stake in First Women Bank Limited for Rs4.1 billion under Pakistan’s Inter-Governmental Commercial Transactions Act, marking a significant step toward modernizing the bank and boosting bilateral economic cooperation.
SBP introduces new framework to ensure fair banking practices and protect consumers across Pakistan
The State Bank of Pakistan has unveiled a new regulatory framework to strengthen consumer protection and fair business practices in the banking sector, ensuring transparency, accountability, and trust.