SBP Simplifies Overseas Remittance Rules to Cut Delays and Improve Banking Efficiency
State Bank of Pakistan relaxes foreign remittance rules, allowing banks to send salaries and professional fees abroad without prior SBP approval, aiming to improve efficiency and ease compliance.
State Bank of Pakistan Launches Climate Stress Testing Guidelines for Banks and Financial Institutions
The State Bank of Pakistan has issued new climate stress testing guidelines requiring banks and financial institutions to integrate climate-related risk scenarios into their risk management frameworks. Implementation will be phased through 2029 to enhance financial sector resilience.
SBP Mandates Climate Risk Management Framework for Banks in Pakistan
The State Bank of Pakistan has issued a new regulatory framework requiring banks, DFIs, and microfinance banks to integrate climate-related financial risks into governance, strategy, and risk management systems, with full compliance due by 2029.
NIBAF Conducts TBML Training to Strengthen Banking Compliance
NIBAF Pakistan conducts a specialized training program on Trade-Based Money Laundering for Bank Alfalah Limited, focusing on regulatory compliance, red flag identification, and improved AML controls across trade operations.
SBP Implements New Restrictions on Cash Dollar Transactions as Pakistan Shifts Further Toward Cashless Currency Flows
The State Bank of Pakistan introduces major restrictions on cash dollar transactions, mandating account-to-account transfers for foreign currency deposits and tightening documentation requirements for individual buyers.
SBP Mandates Account-to-Account Transfers for FCY Deposits to Strengthen Traceability and Cashless Banking
The State Bank of Pakistan introduces mandatory account-to-account transfers for foreign currency deposits, aiming to strengthen traceability, enhance AML controls, reduce cash handling, and promote a cashless financial ecosystem across Pakistan.
SBP Updates Governance Rules, Permits Bank Board Members to Serve on Subsidiary Exchange Company Boards
The State Bank of Pakistan has amended its Corporate Governance Regulatory Framework to permit bank board members to also serve on the boards of their wholly-owned exchange companies, strengthening oversight and institutional alignment.
SBP Updates Governance Rules to Allow Bank Leadership on Boards of Wholly-Owned Exchange Companies
The State Bank of Pakistan has revised its Corporate Governance Regulatory Framework, permitting bank presidents, CEOs, and directors to serve on the boards of exchange companies wholly owned by their respective banks, while maintaining existing restrictions for other financial entities.
State Bank of Pakistan Strengthens Digital Financial Ecosystem with New Technology Risk Management Framework
The State Bank of Pakistan introduces a comprehensive Technology Risk Management Framework for Payment Institutions to bolster cybersecurity, ensure business continuity, and enhance digital financial resilience across Pakistan.
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.