Pakistan Moves to Tackle PKR 2.3 Trillion Circular Debt with Coordinated Financial and Digital Strategy
Pakistan’s government, central bank, and power sector stakeholders are rolling out a coordinated strategy to resolve the country’s massive PKR 2.3 trillion circular debt, combining financial restructuring, digital monitoring, and redirected cash flows to revive economic stability.
SBP Boosts Reserves to 39-Month Peak on Robust Inflows and Aggressive Dollar Buying
The State Bank of Pakistan has raised its foreign exchange reserves to their highest level in over three years, supported by record remittances, dollar purchases from the market, and tight control on imports, reinforcing stability signals to investors.
SBP Warns Cutting Remittance Incentives Could Push Billions Back to Informal Channels
The State Bank of Pakistan has cautioned that reducing incentives under the Pakistan Remittance Initiative could divert critical inflows away from formal banking channels, threatening the country’s top source of foreign exchange.
SBP Announces New Lineup of Primary and Special Purpose Primary Dealers for FY26
The State Bank of Pakistan has finalized the selection of Primary Dealers and Special Purpose Primary Dealers for fiscal year 2025-26, reinforcing its framework for managing government securities and fostering robust capital markets.
Pakistan Cuts Bank Rewards for Overseas Remittance Inflows Despite Record $38.3 Billion
Pakistan has reduced rewards paid to banks and exchange companies for bringing in record overseas remittances, aiming to curb rising costs while pushing for more direct benefits to senders. The move comes alongside debates on promoting local payment networks like PayPak.
State Bank of Pakistan Launches WE Finance Code to Boost Funding for Women Entrepreneurs
The State Bank of Pakistan has rolled out the WE Finance Code, an international program designed to close gender financing gaps and promote economic resilience by increasing funding to women-led businesses across Pakistan.
SBP to Pilot Digital Currency, Advances Virtual Asset Regulations Amid Push to Modernize Financial Ecosystem
Pakistan’s central bank is preparing to launch a pilot for a digital currency and is finalizing laws to regulate virtual assets, signaling a strong shift toward modernizing its financial ecosystem and embracing blockchain-powered innovations.
Pakistan Sees Record $38.3 Billion in Remittances for FY25, Marking 27% Surge Amid Economic Strains
Pakistan recorded an unprecedented $38.3 billion in remittances during FY25, rising 27% from the previous year, underscoring the crucial support of overseas Pakistanis in stabilizing the economy amid ongoing challenges.
State Bank’s Deputy Governor Engages SBOTS-27 Trainees in Insightful Dialogue on Pakistan’s Evolving Financial Sector
Deputy Governor of the State Bank of Pakistan, Saleemullah, recently met with participants of the State Bank Officer Training Scheme’s 27th batch, offering insights into the country’s dynamic financial sector and the evolving role of central banking.
Pakistan Sees Mobile Banking Users Surge Past 22 Million as Digital Adoption Accelerates
A new report by the State Bank of Pakistan reveals that mobile banking users have jumped by 33% to reach 22.39 million, highlighting the country’s rapid shift toward digital financial services and growing trust in mobile platforms.