SECP and PBA Join Hands to Unlock Capital Market Potential for Banks
The SECP and Pakistan Banks’ Association are jointly hosting a workshop on “Unlocking Capital Market Potential for Banks,” bringing together regulators, banks, and market participants to explore strategies for deeper collaboration, financial innovation, and sustainable growth.
SBP Eases Pressure on Exporters by Releasing Withheld Proceeds
The State Bank of Pakistan has withdrawn its directive on delayed export proceeds, allowing immediate release of withheld funds and instructing banks to report overdue bills in their regular submissions.
SBP Launches Framework to Revive Sick Industrial Units and Restructure Debt
SBP unveils a 10-year framework to revive Pakistan’s sick industrial units, offering debt restructuring, principal concessions, and capacity restoration measures, while SECP pushes legal reforms to speed up corporate recoveries.
ADB Maintains Pakistan’s FY26 Growth Forecast at 3pc Amid Regional Trade Slowdown
ADB projects Pakistan’s economy to grow by 3% in FY26, maintaining its forecast despite regional trade pressures, while revising FY25 growth to 2.7% amid stronger industrial and services sector performance.
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.
Foreign Investors Repatriate $2.22 Billion in Profits from Pakistan in FY25: SBP Report
The State Bank of Pakistan reported $2.22 billion in profit repatriation by foreign investors for FY25, reflecting sustained activity in manufacturing and energy sectors, while financial sector returns declined. The figures highlight investor confidence and are monitored under SBP’s broader external account management framework.
SBP Warns Cutting Remittance Incentives Could Push Billions Back to Informal Channels
The State Bank of Pakistan has cautioned that reducing incentives under the Pakistan Remittance Initiative could divert critical inflows away from formal banking channels, threatening the country’s top source of foreign exchange.
ADB Backs Pakistan’s WE Finance Code to Boost Funding for Women Entrepreneurs
The Asian Development Bank has thrown its weight behind Pakistan’s new WE Finance Code, aiming to open doors for women-led businesses by expanding their access to finance.
Pakistan Cuts Bank Rewards for Overseas Remittance Inflows Despite Record $38.3 Billion
Pakistan has reduced rewards paid to banks and exchange companies for bringing in record overseas remittances, aiming to curb rising costs while pushing for more direct benefits to senders. The move comes alongside debates on promoting local payment networks like PayPak.
Senate Committee Pushes for Wider Adoption of PayPak Cards Over Global Payment Giants
Pakistan’s Senate Standing Committee on Finance has called on banks to promote local PayPak cards over international options like Visa and MasterCard to strengthen the country’s digital payments ecosystem and reduce foreign dependency.