High-Level Saudi Arabia Delegation Arrives in Pakistan to Boost Trade, Investment and Economic Collaboration
A high-level Saudi business delegation led by Prince Mansour bin Mohammad Al Saud has arrived in Pakistan to explore trade and investment opportunities. The visit reflects the growing economic partnership between Riyadh and Islamabad, aligning with Saudi Vision 2030 and Pakistan’s development agenda.
Raast at the Crossroads: Paving Pakistan’s Path to a Cashless Future
Raast, Pakistan’s real-time digital payment system launched by the State Bank, stands at a defining moment as it pushes the nation toward a cashless economy. With new leadership, growing adoption, and integration across fintechs, the platform is set to reshape financial inclusion, remittances, and economic transparency.
Modest Growth in SBP Reserves: A Critical Juncture for Pakistan’s Digital Economy
The State Bank of Pakistan’s (SBP) foreign exchange reserves saw a marginal increase of $46 million, reaching $11.721 billion for the week ending June 13. This modest rise leaves a significant gap against the central bank’s $14 billion target for June 30, raising questions about immediate economic stability and potential implications for the burgeoning digital finance sector.
Driving Innovation: SBOTS-27 Officers Engage with CPEC’s Digital Future
Officers from the State Bank of Pakistan’s SBOTS-27 cohort recently participated in an “Evening Talk” featuring Dr. Hassan Daud Butt, former Project Director CPEC. The session provided invaluable perspectives on the China-Pakistan Economic Corridor’s impact, particularly its implications for digital infrastructure and economic development, crucial for the next generation of financial leaders.
Faysal Bank Launches One-Day Shariah-Compliant Car Finance Plan
Faysal Bank introduces its Islami Car Finance program, offering a Shariah-compliant path to vehicle ownership with a remarkable one-day approval process. The financing is based on the Diminishing Musharakah model, providing flexibility and transparency for customers seeking to purchase new or used cars.