SBP Issues Procedure for Fee-Free Remittance Disbursement Through Raast
The State Bank of Pakistan has issued a procedure allowing approved exchange companies to disburse inward remittances through Raast without charging beneficiaries, supporting digital payments and transparency.
SBP Governor Highlights Human Oversight in AI-Powered Islamic Finance for Financial Inclusion
State Bank of Pakistan Governor Jameel Ahmad emphasizes human judgment in AI-based banking decisions while promoting digital innovation to expand Islamic finance and financial inclusion.
SBP Governor Urges Human Judgment in AI-Driven Banking Decisions
SBP Governor Jameel Ahmad stresses the importance of human oversight in AI-driven banking decisions, highlighting digital payments growth and Shariah-aligned innovation at AlBaraka Forum Pakistan 2026.
NIBAF Pakistan Conducts RAAST Integration and Regulatory Compliance Training
NIBAF Pakistan organized a two-day training in Karachi on RAAST integration governance, STP, and regulatory compliance to strengthen digital payment capabilities of banks and SBP officers.
Pakistan’s RAAST Processes Rs80 Trillion in Transactions, User Base Crosses 48 Million
Pakistan’s instant payment system RAAST has processed over Rs80 trillion through more than 3 billion transactions since launch, as the Prime Minister calls for faster adoption to strengthen financial inclusion and a cashless economy.
Pakistan’s Cashless Transition Gains Momentum with Growing RAAST Digital Payments
Pakistan’s journey toward a cashless economy gains pace as RAAST continues to deliver fast, safe and reliable digital payments, with the banking industry working together to expand a secure and inclusive digital ecosystem.
Allied Bank Launches Pakistan’s First RAAST-Enabled Cash Deposit Machines, Advancing the Shift Toward a Cashless Economy
Allied Bank becomes the first bank in Pakistan to introduce RAAST-enabled Cash Deposit Machines, enabling instant cross-bank deposits and accelerating the country’s transition toward a modern digital payments ecosystem.
Empowering SMEs and Entrepreneurs: How Mashreq NEOBIZ is Revolutionizing Business Banking in Pakistan
Mashreq NEOBIZ is redefining SME banking in Pakistan by offering a fully digital, paperless, and accessible platform tailored to the needs of entrepreneurs and small businesses. With features designed to solve real challenges, it aims to drive financial inclusion and empower local businesses to grow.
NIBAF Celebrates Financial Literacy Milestone with FDE Students in Islamabad
National Institute of Banking and Finance celebrated its landmark financial literacy initiative with FDE students, highlighting partnerships with Karandaaz Pakistan and the State Bank of Pakistan. The event showcased the achievements of the FLIP project, training thousands of teachers and reaching over 110,000 students, reinforcing the importance of early financial education for national economic growth.
SBP Governor Jameel Ahmad Stresses Durable Macroeconomic Stability for Inclusive Growth
SBP Governor Jameel Ahmad highlights the need for durable macroeconomic stability to drive inclusive growth, emphasizing financial inclusion, microfinance sector reforms, and climate resilience initiatives at the Annual Microfinance Conference in Karachi.