Pakistani Rupee Ends Nearly Flat at 281.45 Against US Dollar
The Pakistani rupee closed almost unchanged at 281.45 against the US dollar in Monday’s interbank session, with minor appreciation against major global currencies while showing mixed performance over the fiscal and calendar year.
Pakistan’s Banking Sector Drives Landmark Rs. 1.225 Trillion Circular Debt Resolution to Bolster Economic Stability
Pakistan’s banking industry, led by the Pakistan Banks Association, has finalized a historic Rs. 1.225 trillion circular debt restructuring deal to stabilize the energy sector and ease fiscal pressure on the economy.
State Bank of Pakistan Approves LemFi Partnership with UBL to Boost Remittances
The State Bank of Pakistan has approved LemFi’s remittance operations in partnership with United Bank Limited, ensuring secure, low-cost money transfers for overseas Pakistanis while boosting formal remittance inflows into the country.
Pakistan Moves to Reform Barter Trade Mechanism with Iran, Afghanistan, and Russia
Pakistan’s Ministry of Commerce has proposed amendments to the Barter Trade Mechanism with Iran, Afghanistan, and Russia, aiming to simplify processes, expand scope, and strengthen compliance under international trade norms.
SBP Issues New Timelines for Export Payment Realization to Strengthen Trade Discipline
The State Bank of Pakistan has set clear timelines for export payment realization, requiring exporters to bring back proceeds within defined periods to ensure discipline and strengthen external sector stability.
Pakistan Rolls Out CBDC Pilot to Transform Financial Inclusion and Cut Cash Costs
The State Bank of Pakistan launches a pilot of its central bank digital currency (CBDC), aiming to digitize payments, lower cash handling costs, and bring millions of unbanked citizens into the formal economy.
SBP Injects Rs12.5 Trillion into Banking System Through OMO to Address Liquidity Needs
The State Bank of Pakistan has injected Rs12.5 trillion into the banking system through a mix of conventional reverse repo and Shariah-compliant Modarabah-based Open Market Operations (OMOs), aiming to stabilize liquidity amid market pressures.
State Bank of Pakistan Updates Foreign Exchange Manual to Streamline Regulations
The State Bank of Pakistan has updated its Foreign Exchange (FE) Manual, consolidating earlier amendments across chapters covering remittances, exports, imports, loans, and securities, to ensure streamlined compliance for authorized dealers.
SBP Review Highlights 11% Asset Growth and Strong Resilience in Banking Sector for H1 2025
The State Bank of Pakistan’s Mid-Year Performance Review for 2025 shows the banking sector recorded 11% asset growth, strong deposit mobilization, and maintained robust solvency despite lending contractions and market volatility.
SBP Establishes Unified Account for Prime Minister’s Relief Fund Donations
The State Bank of Pakistan (SBP) has opened a single unified account for the Prime Minister’s Relief Fund, directing all banks to collect donations through branches, cheques, and digital channels, while also facilitating overseas contributions.