State Bank of Pakistan Extends CIF Import Permission for Crude Oil and Petroleum
The State Bank of Pakistan extends the deadline for importing crude oil and petroleum products on a CIF basis until July 10, 2026, to maintain energy sector flexibility.
State Bank of Pakistan Grants Five New Approvals for Islamic Banking Operations
The SBP issues in-principle approvals to Samba Bank and four others to launch Shariah-compliant operations as demand for Islamic finance surges in Pakistan.
Finance Minister Muhammad Aurangzeb Convenes High Level Meeting to Bolster Financial Sector Cybersecurity
Federal Minister Senator Muhammad Aurangzeb leads a strategic virtual session with bank CEOs to strengthen Pakistans cyber resilience against AI-driven financial threats.
State Bank of Pakistan Injects 4.62 Trillion Rupees into Banking System via Open Market Operations
The SBP conducts massive liquidity injections totaling 4.62 trillion rupees through conventional reverse repo and Shariah-compliant OMOs to stabilize the market.
Ministry of Finance Orders Immediate Surrender of Unspent Funds to Finalize FY2025-26 Revised Estimates
The Finance Division mandates all federal departments to report savings by May 10 as part of a fiscal cleanup to prepare the upcoming budget and reallocate PSDP funds.
SBP Adjusts Remuneration Rate for Special Cash Reserve Account to 2.65 Percent for May 2026
The State Bank of Pakistan has revised the remuneration rate on US Dollar Special Cash Reserve Accounts to 2.65 percent for May 2026, aligning with SOFR benchmarks.
State Bank of Pakistan Injects Rs300 Billion via Open Market Operation to Stabilize Liquidity
The State Bank of Pakistan conducted an 8-day reverse repo OMO, injecting Rs300,000 million into the banking system at a rate of 10.56% to manage liquidity.
State Bank of Pakistan Rejects All Bids in Fixed Rate Pakistan Investment Bonds Auction
The State Bank of Pakistan rejected all bids totaling over 900 billion rupees in the recent PIB auction as market participants sought higher yields amid inflation.
State Bank of Pakistan Increases Policy Rate to 11.5 Percent Amid Rising Global Inflation Risks
The State Bank of Pakistan has raised its benchmark policy rate by 100 basis points to 11.5 percent to counter inflation fueled by Middle East tensions and energy price hikes.
IMF Executive Board to Convene May 8 for $1.2 Billion Tranche Release to Pakistan
The IMF Executive Board will meet on May 8 to consider releasing a $1.2 billion payout for Pakistan, including funds for climate reforms and the EFF program.