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.
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.
SBP Designates NIFT As Payment System Operator Under New Regulatory Framework
State Bank of Pakistan formally designates National Institutional Facilitation Technologies as a Payment System Operator, recognising its role in Pakistan’s payment infrastructure and cheque clearing network.