Islamic Finance Forward: NIBAF Concludes Pivotal Professional Development Program in Karachi
NIBAF Pakistan successfully concluded its highly anticipated Islamic Banking Professional Development Program (IBPD-18) in Karachi, empowering financial professionals with critical insights into the evolving landscape of Sharia-compliant banking. This intensive program underscores a significant stride in enhancing specialized expertise within Pakistan’s burgeoning Islamic finance sector.
State Bank Keeps Policy Rate Steady at 11% as Growth Strengthens and Inflation Stabilizes
The State Bank of Pakistan has maintained its policy rate at 11% in the latest monetary policy decision, signaling confidence in economic recovery and inflation outlook. Despite rising trade deficits and external risks, the central bank projects continued economic growth into FY26, underpinned by private sector momentum and fiscal reforms.
SBP to Roll Out PRISM+ Nationwide to Modernize Pakistan’s Digital Payment Infrastructure
The State Bank of Pakistan is set to launch PRISM+, an advanced digital payment and settlement system designed to transform the country’s financial infrastructure under Vision 2028, with full rollout beginning June 16, 2025.
SBP Secures Over Rs206 Billion via Floating-Rate PIBs to Steer Liquidity and Borrowing Costs
The State Bank of Pakistan has mobilized over Rs206 billion through its latest auction of 10-year floating-rate Pakistan Investment Bonds, reflecting robust investor interest and continued efforts to regulate domestic liquidity and manage borrowing costs.
SBP’s NIBAF Trains Future Bankers in Cybersecurity Under SBOTS Batch 27
NIBAF, Pakistan, organized a cybersecurity awareness training session under the SBOTS Batch 27 initiative of the State Bank of Pakistan on June 4, 2025, led by cybersecurity expert Ms. Mehwish Enam to equip future bankers with vital skills to navigate digital threats.
Pakistan Sees Surge in Workers’ Remittances with $3.7 Billion Inflow in May 2025
Pakistan recorded $3.7 billion in workers’ remittances during May 2025, marking 16% growth month-over-month. Cumulative remittances in FY25 reached $34.9 billion, with major inflows from Saudi Arabia, UAE, UK, and the USA.
State Bank of Pakistan Invites Public Consultation on Draft SME Prudential Regulations
The State Bank of Pakistan has released draft prudential regulations for SME financing and is seeking public input to enhance inclusivity, tech integration, and financial access through an updated regulatory framework.
Raqami and Visa Join Forces for Pakistan’s Digital Banking Revolution
Raqami Islamic Digital Bank partners with global payments leader Visa to roll out a comprehensive card portfolio, paving the way for inclusive, Shariah-compliant digital financial services in Pakistan and addressing the nation’s significant unbanked population.
State Bank of Pakistan Seeks Public Input on Revamped Prudential Regulations for SME Financing
The State Bank of Pakistan has released a draft of revised Prudential Regulations for SME financing, inviting public consultation to enhance financial inclusion, support fintech integration, and improve access to credit for small and medium enterprises.
Faysal Bank Empowers Future Female Leaders with Khud Mukhtar Internship Programme in Karachi
Faysal Bank launches the Karachi chapter of its Khud Mukhtar Internship Programme in partnership with Circle Women Association, training underserved women for careers in banking and corporate roles under the State Bank’s Banking on Equality initiative.