SBP Declares Nationwide Bank Holiday on 12th Rabi-ul-Awwal 2025
The State Bank of Pakistan has announced a nationwide bank holiday on September 6, 2025, in observance of 12th Rabi-ul-Awwal, with all commercial banks, DFIs, and microfinance banks to remain closed.
Gold Hits Record Rs376,700 as Global Rally and Fed Speculation Drive Demand
Gold prices in Pakistan soared to a record Rs376,700 per tola as global demand strengthened on expectations of a US Federal Reserve rate cut. With spot gold hitting new highs internationally and Pakistan’s rupee extending its gains, the financial landscape highlights the impact of global uncertainties and domestic monetary policy.
The Mirage of Moderation: Pakistan’s Inflation Story
Pakistan’s official inflation data shows a sharp slowdown, but for households struggling with food, fuel, and utility costs, the relief feels like an illusion. Disinflation hides a deeper crisis in measurement, policy, and lived experience.
NIBAF Hosts Islamic Banking Professional Development Program to Advance Shariah-Compliant Finance Expertise
NIBAF Pakistan has launched a five-day Islamic Banking Professional Development Program to enhance the skills of officers from SBP and commercial banks in Shariah-compliant banking and Islamic finance practices.
SBP Ties Digital Assets to Forex Law as Pakistan Advances PVARA Bill for Virtual Assets
The State Bank of Pakistan has confirmed that restrictions under the Foreign Exchange Regulation Act will apply to digital asset transfers, as lawmakers debate the Pakistan Virtual Assets Regulatory Authority Bill to establish a formal framework for the country’s crypto and digital finance regime.
Branding Pakistan at Money20/20 Middle East
Pakistan takes center stage at Money20/20 Middle East in Riyadh, with government leaders, financial regulators, and fintech innovators representing the nation’s digital finance potential on a global stage.
Understanding Pakistan’s Federal Budget: The Role of IMF Borrowing in Economic Strategy
Pakistan’s federal budget reflects a deep reliance on IMF programs, shaping fiscal priorities, debt management, and future growth strategies. Understanding the role of IMF borrowing is crucial to assessing the country’s economic path.
Raast at the Crossroads: Paving Pakistan’s Path to a Cashless Future
Raast, Pakistan’s real-time digital payment system launched by the State Bank, stands at a defining moment as it pushes the nation toward a cashless economy. With new leadership, growing adoption, and integration across fintechs, the platform is set to reshape financial inclusion, remittances, and economic transparency.
Pakistan’s Finance Ministry Retires PKR 1.1 Trillion in SBP Debt, Reducing Fiscal Risks
The Ministry of Finance has retired over PKR 1.1 trillion in debt owed to the State Bank of Pakistan, cutting SBP-held debt by nearly 30% and easing refinancing risks tied to future maturities.
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.