Mobile Wallets and Digital Bank Accounts Without Biometric Verification to Be Blocked From October 25
The State Bank of Pakistan’s new biometric verification regulations take effect on October 25, 2025, with unverified mobile wallets and digital bank accounts facing immediate service blocks under the updated customer onboarding framework.
SBP Champions Women’s Financial Empowerment as Catalyst for Inclusive and Sustainable Growth
The State Bank of Pakistan (SBP) is championing women’s economic empowerment through financial inclusion reforms, digital innovation, and global collaboration. Governor Jameel Ahmad highlights progress under the Banking on Equality policy, showcasing how women entrepreneurs are shaping Pakistan’s path toward sustainable growth.
State Bank of Pakistan Revokes License of Muhammadi Exchange Company
The State Bank of Pakistan has revoked the license of Muhammadi Exchange Company to operate in the foreign exchange market, reinforcing regulatory oversight and compliance in the financial sector.
Islamic Banking Professional Development Program Empowers Future of Financial Sector in Pakistan
NIBAF Pakistan launches the Islamic Banking Professional Development Program (IBPD – 28) to strengthen expertise in Islamic finance. The five-day program in Karachi brings together SBP and commercial bank officers for specialized training on Shariah-compliant banking principles and regulatory frameworks.
NIBAF Advances Digital Transformation with AI Leadership Code Training
NIBAF Pakistan conducted a two-day AI Leadership Code training on October 20–21, 2025, in Karachi. Led by Mr. Jibran Bashir, the program focused on AI strategy, governance, and leadership transformation, empowering officers from SBP, NIBAF, and commercial banks to lead digital change.
Pakistan’s Economic Outlook Strengthens as Inflation Falls and Reserves Build
Pakistan’s economy is entering a stronger growth phase as inflation falls sharply and foreign exchange reserves strengthen. Economic indicators point toward improved macroeconomic stability, signaling renewed investor confidence and policy effectiveness.
SBP expected to maintain policy rate at 11% as inflation increases post-floods and recovery begins
The State Bank of Pakistan (SBP) is expected to keep its policy rate unchanged at 11% in the upcoming MPC meeting, as inflation rises following recent floods and early signs of recovery appear in key sectors.
Barq PK Secures SBP’s In-Principle Approval to Launch EMI Wallet in Pakistan
Barq PK has secured In-Principle Approval from the State Bank of Pakistan to establish an EMI Wallet, marking a significant milestone in advancing digital financial inclusion and accelerating the country’s transition toward a cashless economy.
SBP Governor Jameel Ahmed Highlights Economic Reforms, Rising Stability and Microfinance Sector Revamp
SBP Governor Jameel Ahmed highlighted the impact of recent policy and regulatory measures that have improved macroeconomic stability, lowered inflation, and boosted foreign exchange reserves, alongside announcing major reforms for Pakistan’s microfinance sector.
SBP Injects Over Rs10 Trillion Through OMO to Stabilize Liquidity
The State Bank of Pakistan has injected over Rs10 trillion into the banking system through conventional and Shariah-compliant OMOs to stabilize liquidity and support the financial sector. This strategic move underscores SBP’s dual liquidity management framework for both conventional and Islamic markets.