SBP Cancels Glaxy Exchange License for Serious Regulatory Violations
The State Bank of Pakistan has revoked the license of Glaxy Exchange with immediate effect due to serious regulatory violations, barring the company from conducting foreign exchange business nationwide.
SBP Sets 3% Remuneration on Special Cash Reserve Account for November, Adjusting to Global Benchmark Rates
The State Bank of Pakistan has reduced the remuneration rate on Special Cash Reserve Accounts for November to 3 percent, aligning foreign currency reserve returns with global benchmark trends and maintaining compliance with FE-25 deposit reserve requirements.
Mobile Wallets and Digital Bank Accounts Without Biometric Verification to Be Blocked From October 25
The State Bank of Pakistan’s new biometric verification regulations take effect on October 25, 2025, with unverified mobile wallets and digital bank accounts facing immediate service blocks under the updated customer onboarding framework.
NIBAF Conducts Banking Supervision Case Study for SBOTS-27 Officers
NIBAF Pakistan conducted a banking supervision case study for SBOTS-27 officers in Islamabad, providing hands-on regulatory training to strengthen oversight skills and prepare new central bank officers for real-world supervisory challenges.