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.
Senate Committee Pushes for Wider Adoption of PayPak Cards Over Global Payment Giants
Pakistan’s Senate Standing Committee on Finance has called on banks to promote local PayPak cards over international options like Visa and MasterCard to strengthen the country’s digital payments ecosystem and reduce foreign dependency.
Pakistan Moves Past Economic Strain with Signs of Sustainable Growth, Says SBP Chief
SBP Governor Jameel Ahmad says Pakistan has emerged from its tough economic phase, citing falling inflation, stronger reserves, and policy-driven stability, as the central bank pushes for long-term, inclusive growth.
Pakistan Government Clears Rs500 Billion SBP Loan Ahead of Schedule, Strengthening Debt Profile
Pakistan retires Rs500 billion in central bank loans four years before maturity, signaling disciplined fiscal governance, reduced debt risks, and major interest cost savings for the economy.
Askari Bank Secures SBP Approval for Rs6 Billion TFC Buyback to Strengthen Capital Structure
Askari Bank obtains green light from SBP to execute Rs6 billion buyback of its Tier II Term Finance Certificates, a strategic move to optimize its capital base and reinforce investor confidence.
SBP Eyes Over Rs5.5 Trillion Funding via T-Bills and Bonds in Q3 to Support Fiscal Liquidity
The State Bank of Pakistan unveils its July–September auction calendar aiming to raise Rs5.575 trillion through MTBs and PIBs to meet government financing needs and manage market liquidity.
Pakistan Security Printing Corporation Merges NSPC to Streamline Operations and Boost Security Printing Services
Pakistan Security Printing Corporation merges National Security Printing Company to consolidate operations, enhance efficiency, and deliver advanced security printing services across Pakistan’s financial ecosystem.