State Bank of Pakistan Named Resolution Authority for Banks, MFBs, and DFIs Under New Amendments
State Bank of Pakistan has been officially designated as the resolution authority for banks, microfinance banks, and development finance institutions through amendments to the Banking Companies Ordinance 1962. The central bank has issued detailed resolution planning guidelines to strengthen financial stability and manage distressed institutions more effectively.
Prime Minister Orders Review of SECP Chairman and Commissioners’ Pay Hike
The Prime Minister has ordered a formal review of the recent salary and allowance increase for SECP Chairman and Commissioners, forming a committee led by Rana Sanaullah to ensure transparency, accountability, and regulatory oversight.
President’s Rulings on Banking Appeals Declared Final, Reinforcing Legal Authority of Banking Mohtasib
Legal Adviser to the President of Pakistan, Justice (Retd) Irfan Qadir, reaffirmed that the President’s decisions on appeals against the Banking Mohtasib’s rulings are final and cannot be challenged in court, marking a strong stance on upholding accountability and trust in Pakistan’s financial justice framework.
IMF Presses Pakistan for Transparency Over $11 Billion Trade Data Discrepancy
The International Monetary Fund (IMF) has raised concerns over an $11 billion gap in Pakistan’s trade data, urging the government to publicly clarify discrepancies between figures reported by PRAL and PSW, amid growing doubts over the reliability of the country’s external sector statistics.
SBP Eases Pressure on Exporters by Releasing Withheld Proceeds
The State Bank of Pakistan has withdrawn its directive on delayed export proceeds, allowing immediate release of withheld funds and instructing banks to report overdue bills in their regular submissions.
SECP Registers MUFAP as First Section 42 Self-Regulatory Organization in Pakistan’s Fund Management Industry
The Mutual Funds Association of Pakistan (MUFAP) has been granted Self-Regulatory Organization status by SECP, marking a first for any Section 42 company in the country. The move strengthens governance, investor protection, and market transparency in Pakistan’s fund management industry.
Senate Committee Pushes for Wider Adoption of PayPak Cards Over Global Payment Giants
Pakistan’s Senate Standing Committee on Finance has called on banks to promote local PayPak cards over international options like Visa and MasterCard to strengthen the country’s digital payments ecosystem and reduce foreign dependency.
NIBAF Delivers Three-Week Compliance Program for Askari Bank Officers to Enhance AML and CFT Expertise
NIBAF successfully completed a three-week specialized compliance training for Askari Bank officers in Islamabad, focusing on AML, CFT, regulatory compliance, and global standards.
State Bank of Pakistan opens hiring for Assistant Director posts under SBOTS 28th Batch
The State Bank of Pakistan has invited applications nationwide for Assistant Director positions under its SBOTS 28th Batch, offering young professionals a path into central banking and digital finance with roles across key policy and operational departments.
NIBAF trains SBOTS 27th batch on functions of Deposit Protection Corporation to strengthen depositor safeguards
NIBAF Pakistan conducted a specialized training session for the SBOTS 27th batch on June 28, 2025, focusing on the functions of the Deposit Protection Corporation to enhance understanding of depositor safeguards and support long-term financial sector stability.