Pakistan’s Power Sector Charts New Course: Zafar Masud Highlights Post-Budget Reforms and Circular Debt Strategy
Pakistan’s power sector is stepping into a new era with structural reforms and a focus on tackling circular debt. In a detailed conversation, Zafar Masud, Chairman of the Pakistan Banks’ Association, outlines how post-budget measures are restoring financial discipline and setting the groundwork for sustainable energy economics.
Pakistan’s Public Debt Surpasses Rs. 76 Trillion, Driven by Surge in Domestic Borrowing
Pakistan’s central government debt has surged over Rs. 76 trillion, reflecting a 12.3% annual rise driven by mounting domestic borrowing, according to the State Bank’s latest data.
SBP Pumps Rs13.4 Trillion into Market through Reverse Repo and Modarabah OMOs
The State Bank of Pakistan injected Rs13.4 trillion into the financial system through reverse repo and Shariah-compliant Modarabah OMOs, aiming to ease liquidity constraints in the banking sector.
VIS Raises Faysal Bank’s Credit Ratings to ‘AA+’, Citing Robust Islamic Banking and Financial Strength
VIS Credit Rating Company upgrades Faysal Bank’s ratings to ‘AA+/A1+’, highlighting strong Islamic banking growth, digital strategy, asset quality, and a stable financial outlook.
PSX Hits Fresh Record as KSE-100 Gains Over 340 Points Despite Market Volatility
The Pakistan Stock Exchange’s KSE-100 index surged over 340 points to close at a fresh record of 130,686 despite intraday volatility, with mixed contributions from key banking and energy stocks.
Finance Minister Calls for Transition from Donor Aid to Self-Driven Economic Development in Pakistan
Pakistan’s finance minister emphasizes the need to move away from donor-driven aid toward country-led, sustainable economic development to secure long-term growth and stability.
SBP Forex Reserves Jump to $14.51 Billion, Growing by $5.12 Billion in FY25
Pakistan’s foreign exchange reserves held by the State Bank surged by $5.12 billion in FY25, reaching $14.51 billion by June 2025, driven by improved current account figures and planned inflows.
State Bank of Pakistan opens hiring for Assistant Director posts under SBOTS 28th Batch
The State Bank of Pakistan has invited applications nationwide for Assistant Director positions under its SBOTS 28th Batch, offering young professionals a path into central banking and digital finance with roles across key policy and operational departments.
State Bank of Pakistan to close on July 5 and 6 for Ashura, urges early banking arrangements
The State Bank of Pakistan has announced it will remain closed on July 5 and 6, 2025, for Ashura observance. Customers are advised to complete transactions early, with digital banking services expected to remain operational during the holidays.
PBA and top banks join hands with finance ministry, SBP to advance strategic reforms in Pakistan
The Pakistan Banks’ Association is deepening collaboration with the Ministry of Finance, SBP, and leading banks to drive strategic reforms aimed at strengthening businesses, empowering people, and aligning policy with long-term economic growth.