Raast at the Crossroads: Paving Pakistan’s Path to a Cashless Future
Raast, Pakistan’s real-time digital payment system launched by the State Bank, stands at a defining moment as it pushes the nation toward a cashless economy. With new leadership, growing adoption, and integration across fintechs, the platform is set to reshape financial inclusion, remittances, and economic transparency.
Pakistan’s Finance Ministry Retires PKR 1.1 Trillion in SBP Debt, Reducing Fiscal Risks
The Ministry of Finance has retired over PKR 1.1 trillion in debt owed to the State Bank of Pakistan, cutting SBP-held debt by nearly 30% and easing refinancing risks tied to future maturities.
SBP Sets Special Cash Reserve Account Remuneration Rate at 3.27% for September 2025
The State Bank of Pakistan has fixed the Special Cash Reserve Account remuneration rate at 3.27% for September 2025, applicable to deposits raised under FE-Circular 25 of 1998.
Government Retires Rs. 1.13 Trillion SBP Debt Early, Strengthening Fiscal Discipline
Pakistan’s federal government has retired Rs. 1.13 trillion of debt owed to the State Bank of Pakistan ahead of schedule, marking a historic repayment that reflects fiscal discipline, improved revenues, and stronger debt management strategies.
SBP Grants 1LINK Designated Payment System Status to Strengthen Pakistan’s Digital Economy
The State Bank of Pakistan has officially designated 1LINK as a Payment System Operator under the Payment Systems & Electronic Funds Transfer Act, 2007, marking a milestone in advancing digital payments and financial inclusion.
The Future of Digital Banking in Pakistan: Transformative Shifts
Pakistan’s digital banking ecosystem is evolving rapidly with initiatives like Raast, Roshan Digital Accounts, and the SBP’s regulatory push. These shifts are driving financial inclusion, innovation, and a move toward a cashless economy.
SBP Names National Bank, UBL, and HBL as Domestic Systemically Important Banks for 2025
The State Bank of Pakistan has designated three major banks as Domestic Systemically Important Banks for 2025, introducing enhanced capital requirements to strengthen resilience and stability in Pakistan’s banking sector.
SBP Injects Rs12.34 Trillion into Market to Sustain Liquidity
The State Bank of Pakistan injected Rs12.34 trillion into the financial system through reverse repo purchases and Shariah-compliant open market operations, underscoring efforts to stabilize liquidity and maintain smooth market functioning.
Monetary Indicators Show Seasonal Trends While Pakistan Stock Market Reaches Historic Highs
Pakistan’s monetary indicators in early FY2026 reflected seasonal trends with negative money supply growth, while the Pakistan Stock Exchange surged to historic highs, signaling investor optimism despite inflationary risks and fiscal adjustments.
State Bank of Pakistan Invites Fintechs to Apply for Regulatory Sandbox Under Vision 2028
The State Bank of Pakistan has launched its first Regulatory Sandbox under Vision 2028, inviting fintechs to test solutions for remittances, open banking, and merchant onboarding. Applications are open from August 25 to October 5, 2025.