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.
SBP sets new $200 limit for remittance rebates under revised incentive scheme starting July 2025
The State Bank of Pakistan has revised its rebate scheme for financial institutions handling home remittances, setting a new minimum transaction size of $200 with a flat SAR 20 rebate, aiming to strengthen formal remittance flows and compliance from July 2025.
FBR misses FY25 tax target despite record Rs. 11.7 trillion collection driven by enforcement
FBR collected a record Rs. 11.7 trillion in FY25, up 26% over last year, yet fell short of its Rs. 12.3 trillion target. Strong enforcement and policy actions helped narrow the gap amid slower economic growth.
Pakistan Banks Association Rejects Claims on Remittance Subsidies, Highlights Critical Role in Economic Stability
The Pakistan Banks Association has strongly refuted allegations that remittance incentives serve no economic purpose, underscoring how these measures protect Pakistan’s balance of payments and ensure compliance with global financial standards.
FBR Falls Short of FY25 Tax Target by Nearly Rs. 1.5 Trillion Despite Revisions
Pakistan’s Federal Board of Revenue missed its FY25 tax collection target by almost Rs. 1.5 trillion, signaling deep fiscal pressures even after two downward revisions.
World Bank Names Bolormaa Amgaabazar as New Country Director for Pakistan to Strengthen Development Partnership
The World Bank has appointed Bolormaa Amgaabazar as its new Country Director for Pakistan. With deep experience across multiple regions, she is set to deepen engagement on pressing challenges like climate change, child stunting, and energy sustainability.