Audit Exposes Rs10.2 Billion Irregularities and Governance Failures in Zarai Taraqiati Bank Limited
The Auditor General of Pakistan has uncovered Rs10.2 billion in financial irregularities, loan defaults, and governance failures at Zarai Taraqiati Bank Limited (ZTBL). The report reveals weak oversight, unverified loan disbursements, and arbitrary write-offs, urging a high-level inquiry to restore transparency and accountability in the state-run agricultural bank.
NIBAF Strengthens Compliance Knowledge with Training on SBP Regulations for Commercial Remittances
NIBAF Pakistan conducted a focused training session on SBP Regulations for Commercial Remittances on October 21, 2025, in Karachi. Led by Mr. Ejaz Ahmed Qadri, the program enhanced participants’ understanding of regulatory frameworks, compliance standards, and best practices for cross-border transactions.
SBP Sets Special Cash Reserve Account Remuneration Rate at 3.27% for September 2025
The State Bank of Pakistan has fixed the Special Cash Reserve Account remuneration rate at 3.27% for September 2025, applicable to deposits raised under FE-Circular 25 of 1998.
SBP Launches Unified Digital Framework to Simplify Bank Account Opening for Individuals and Businesses
The State Bank of Pakistan has introduced a streamlined digital framework for customer onboarding, reducing paperwork and improving turnaround times for individuals and businesses opening accounts, while also pushing digital payment acceptance across merchants nationwide.
State Bank Launches Revised Framework to Digitize BISP Sahulat Account Onboarding Across Pilot Cities
The State Bank of Pakistan rolls out a revised framework for BISP Sahulat Accounts, introducing biometric verification and secure digital processes for onboarding beneficiaries in pilot cities.
SBP Rolls Out Biometric Verification for Cash Deposits to Secure Digital Payments in Pakistan
The State Bank of Pakistan has mandated biometric verification for cash deposits via retailers starting July 1, 2025, aiming to reinforce security in digital transactions and protect mobile wallet users.