SBP Appoints Ghulam Muhammad as Executive Director of Islamic Finance Group
State Bank of Pakistan notifies banks and financial institutions as Ghulam Muhammad takes charge of the Islamic Finance Group effective March 18, 2026.
Pakistan Foreign Exchange Reserves Climb to $21.7 Billion as SBP Holdings Strengthen in March 2026
Pakistan’s total liquid foreign reserves rose to $21.7 billion for the week ending March 13, 2026, driven by a steady increase in both central bank and commercial bank holdings.
HBL Diversity Power Hour 2.0 Highlights Gender-Inclusive Leadership and Inclusive Economic Growth
HBL’s Diversity Power Hour 2.0 brought together industry leaders, including PBA Secretary Mir Nejib Rahman, to discuss gender-inclusive leadership, transparency, and equitable growth in Pakistan.
NIBAF Pakistan Workshop Enhances Microfinance Product Development and Lending Skills
NIBAF Pakistan conducted a workshop on cash-based lending and microfinance product development, equipping MFIs with strategies for operational efficiency, risk management, and sustainable growth.
Pakistan Prepares for Fully Islamic Banking System by 2028: FPCCI and SBP Awareness Session
The Federation of Pakistan Chambers of Commerce and Industry and the State Bank of Pakistan held a session in Lahore to guide the business community on the transition to a fully Shariah-compliant banking system by 2028.
UN Observes International Day of Banks 2025, Emphasizing Sustainable Finance and SDG Alignment
The UN’s 2025 International Day of Banks spotlights the critical role of banks in financing a livable planet, closing the SDG financing gap, supporting climate action, and promoting inclusive digital financial systems worldwide.
Pakistan Finance Minister Chairs First CMDC Meeting to Strengthen Capital Markets
Finance Minister Muhammad Aurangzeb chairs the inaugural Capital Market Development Council meeting, focusing on investor participation, diversified products, and regulatory modernization to enhance Pakistan’s capital markets.
State Bank Of Pakistan Raises Rs778 Billion Through MTBs And 10-Year PIB-FRB
SBP successfully raises Rs777.69 billion through Market Treasury Bills and 10-year Pakistan Investment Bond-FRB, with strong participation across all tenors and stable yields indicating improved market sentiment.
IMF Flags Governance Risks as Pakistan Navigates Major Shift Toward Islamic Banking
The IMF’s latest governance and corruption diagnostic assessment highlights structural, regulatory, and governance vulnerabilities in Pakistan’s financial sector as the country advances toward a full Islamic banking transition by 2028.
SBP Raises Rs492.9 Billion in Treasury Bills, Sells Rs55 Billion in 10-Year Floating Bonds Amid Strong Market Response
The State Bank of Pakistan secured Rs492.9 billion in Market Treasury Bills and Rs55 billion in 10-year Floating Rate Bonds, reflecting robust investor participation and stable yield expectations across Pakistan’s money market.