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.
SBP Injects Rs12.37 Trillion via Open Market Operations to Ease Liquidity Pressures
The State Bank of Pakistan has injected Rs12.37 trillion into the banking system through conventional and Shariah-compliant OMOs to address liquidity needs, highlighting its proactive role in managing market stability.
Banks to Remain Closed on July 1 for Fiscal Year Transition, Confirms SBP
The State Bank of Pakistan has announced that all banks, DFIs, and MFBs will remain closed for public dealing on July 1, 2025, due to the first day of the new fiscal year, though employees will report to duty.
SBP Reserves Drop by $2.66 Billion on Debt Repayments, Recovery Expected Through Fresh Inflows
The State Bank of Pakistan’s foreign reserves dropped by $2.66 billion in one week due to major debt repayments. However, fresh inflows exceeding $3 billion are expected to reverse the decline in upcoming data.
NIBAF Advances Financial Oversight Training with SBOTS-27 and Prudential Regulations Session
NIBAF conducted SBOTS-27 under the State Bank of Pakistan’s training framework, featuring a dedicated session on prudential regulations led by senior official Attaullah Memon on June 24–25, 2025.
NIBAF Hosts AML/CFT-KYC Regulatory Compliance Training for Banking Professionals in Karachi
NIBAF Pakistan organized a face-to-face training session on AML/CFT-KYC regulatory compliance at its Karachi campus on June 26, 2025, led by Kamran Hyder and attended by officers from various commercial banks.
SBP’s Q3 FY25 Report Highlights Major Growth in Digital Payments and E-Commerce Transactions
The State Bank of Pakistan’s third quarterly review for FY25 highlights a robust increase in digital payment adoption, driven by mobile banking, e-commerce, and QR transactions, with digital platforms handling 89% of all retail payments.
Digital Payments Hit Record High in Q3 FY25 as SBP Reports Surge in Mobile and E-Commerce Transactions
SBP’s Q3 FY25 report highlights robust growth in Pakistan’s digital payments sector, with mobile banking, wallets, and e-commerce transactions rising significantly and digital platforms covering 89% of all retail payments.
SBP to Shift Government Securities Auctions and OMOs to PRISM+ Platform Starting Next Month
The State Bank of Pakistan will conduct all future government securities auctions, buybacks, and OMOs through the PRISM+ platform starting next month, aiming to modernize and streamline market operations.