Federal Cabinet Extends Shoaib Javed Hussain’s Tenure as CEO of State Life Insurance Corporation
Shoaib Javed Hussain’s reappointment as CEO of State Life Insurance Corporation signals continued growth and innovation, with a record-setting 300% profit increase and strong digital transformation efforts under his leadership.
SBP’s April Foreign Exchange Intervention Totals $473 Million, Bringing FY25 Cumulative to $6.66 Billion
The State Bank of Pakistan made a net FX purchase of $473 million in April 2025, bringing FY25’s total interventions to $6.66 billion. Since data publication began in June 2024, SBP’s cumulative FX operations now stand at $7.23 billion, reflecting its ongoing role in stabilizing the currency market.
SBP to Publish Biannual Monetary Policy Report to Boost Transparency and Anchor Inflation Expectations
The State Bank of Pakistan will begin publishing a Monetary Policy Report twice a year to enhance transparency and align with its strategic vision for inflation targeting and effective policy communication.
State Bank of Pakistan Reserves Rise to $14.526 Billion, Maintain Stability
Pakistan’s central bank reserves increased by $23 million, bringing SBP-held reserves to $14.526 billion as of July 11, 2025, maintaining a stable financial position despite slight fluctuations in overall liquidity.
Finance Ministry, SECP Push Back on Mandatory CSR Spending in Pakistan’s New Bill
Pakistan’s Finance Ministry and SECP have raised concerns over the proposed CSR Bill 2025, rejecting mandatory corporate spending on community welfare due to potential impacts on business costs and operations.
State Bank’s Foreign Reserves Surge to $14.5 Billion, Boosting Pakistan’s External Position
Pakistan’s foreign exchange reserves under the State Bank surged by $1.77 billion in a week to $14.5 billion, pushing total reserves past $20 billion, driven by official inflows that strengthen the country’s external financial position.
NIBAF Advances Islamic Banking Expertise with IFPOP-2 Program in Lahore
NIBAF conducted Day 3 of the Islamic Banking Program IFPOP-2 in Lahore, led by Mufti Uzair Usmani, to strengthen the expertise of regional and general managers in Shariah-compliant banking practices.
ADB Flags Political Instability, Security Risks and External Shocks as Top Threats to Pakistan’s Economic Recovery
The Asian Development Bank has highlighted political uncertainty, security threats, and external shocks as serious obstacles to Pakistan’s economic recovery, urging structural reforms and stronger private sector engagement to secure sustainable growth.
SBP Announces New Lineup of Primary and Special Purpose Primary Dealers for FY26
The State Bank of Pakistan has finalized the selection of Primary Dealers and Special Purpose Primary Dealers for fiscal year 2025-26, reinforcing its framework for managing government securities and fostering robust capital markets.
ADB Backs Pakistan’s WE Finance Code to Boost Funding for Women Entrepreneurs
The Asian Development Bank has thrown its weight behind Pakistan’s new WE Finance Code, aiming to open doors for women-led businesses by expanding their access to finance.