SBP Rolls Out Biometric Verification for Cash Deposits to Secure Digital Payments in Pakistan
The State Bank of Pakistan has mandated biometric verification for cash deposits via retailers starting July 1, 2025, aiming to reinforce security in digital transactions and protect mobile wallet users.
SBP Forex Reserves Jump to $14.51 Billion, Growing by $5.12 Billion in FY25
Pakistan’s foreign exchange reserves held by the State Bank surged by $5.12 billion in FY25, reaching $14.51 billion by June 2025, driven by improved current account figures and planned inflows.
State Bank of Pakistan opens hiring for Assistant Director posts under SBOTS 28th Batch
The State Bank of Pakistan has invited applications nationwide for Assistant Director positions under its SBOTS 28th Batch, offering young professionals a path into central banking and digital finance with roles across key policy and operational departments.
VIS reaffirms ‘AAA/A1+’ ratings of National Bank of Pakistan, citing stable outlook and resilient franchise
VIS Credit Rating has reaffirmed the ‘AAA/A1+’ ratings of National Bank of Pakistan with a stable outlook, recognizing the bank’s strong franchise, steady liquidity, advancing digital initiatives, and secure capital profile amid evolving market conditions.
State Bank of Pakistan to close on July 5 and 6 for Ashura, urges early banking arrangements
The State Bank of Pakistan has announced it will remain closed on July 5 and 6, 2025, for Ashura observance. Customers are advised to complete transactions early, with digital banking services expected to remain operational during the holidays.
NIBAF conducts AML case study assessment for SBOTS 27th batch to boost compliance culture in Pakistan’s banking sector
NIBAF Pakistan organized an AML case study assessment for the SBOTS 27th batch under the supervision of top experts, reinforcing strong compliance practices and preparing future central bankers to uphold Pakistan’s regulatory standards.
NIBAF trains SBOTS 27th batch on functions of Deposit Protection Corporation to strengthen depositor safeguards
NIBAF Pakistan conducted a specialized training session for the SBOTS 27th batch on June 28, 2025, focusing on the functions of the Deposit Protection Corporation to enhance understanding of depositor safeguards and support long-term financial sector stability.
PBA and top banks join hands with finance ministry, SBP to advance strategic reforms in Pakistan
The Pakistan Banks’ Association is deepening collaboration with the Ministry of Finance, SBP, and leading banks to drive strategic reforms aimed at strengthening businesses, empowering people, and aligning policy with long-term economic growth.
SBP sets new $200 limit for remittance rebates under revised incentive scheme starting July 2025
The State Bank of Pakistan has revised its rebate scheme for financial institutions handling home remittances, setting a new minimum transaction size of $200 with a flat SAR 20 rebate, aiming to strengthen formal remittance flows and compliance from July 2025.
Pakistan Banks Association Rejects Claims on Remittance Subsidies, Highlights Critical Role in Economic Stability
The Pakistan Banks Association has strongly refuted allegations that remittance incentives serve no economic purpose, underscoring how these measures protect Pakistan’s balance of payments and ensure compliance with global financial standards.