Pakistan Introduces PRISM+ to Strengthen Digital Payment and Settlement Infrastructure
The State Bank of Pakistan has launched PRISM+, its upgraded payment and settlement system built on ISO 20022 standards. Governor Jameel Ahmad highlighted its role in enhancing transparency, interoperability, and liquidity management while strengthening Pakistan’s digital payment ecosystem.
Pakistan’s Eurobonds Trade Above Par for First Time in Years, Signaling Investor Optimism
For the first time in years, three of Pakistan’s Eurobonds are trading at a premium in global markets, reflecting renewed investor confidence driven by credit rating upgrades, timely debt repayments, and rising foreign exchange reserves.
State Bank of Pakistan Finalizes New Currency Note Design, Awaits Cabinet Approval
The State Bank of Pakistan has finalized the design for new currency notes with input from an international expert. Awaiting Cabinet approval, the redesigned notes will feature enhanced security and updated visuals to modernize Pakistan’s currency system.
SBP Holds Policy Rate Steady at 11% Amid Inflation and Fiscal Caution
The State Bank of Pakistan has kept its policy rate unchanged at 11%, citing inflation control and external sector stability. Despite business sector calls for rate cuts, SBP maintains a cautious stance amid fiscal and global uncertainties.