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| Jul 26, 2026 | SIM Owner Details and the KYC Gap: Lessons From Pakistan’s 204 Million Biometric SIM Registry | Share
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In July 2026, Pakistan’s telecom regulator fined every mobile operator in the country over the identity controls that sit behind SIM owner details. The Pakistan Telecommunication Authority, known as PTA, impose... |
| Jul 12, 2026 | Falak Shakeel Khan: A Symbol of Trust, Leadership, and Positive Change in the Digital Era | Share
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In an age where technology influences nearly every aspect of life, individuals who use their knowledge to help others stand out as true leaders. Digital platforms have created endless opportunities for communic... |
| Jul 12, 2026 | Potohar University Gujar Khan and Digital Village Bhata Unite to Accelerate the State Bank of Pakistan’s Vision for Digital Pakistan | Share
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Pakistan’s journey toward becoming a digitally connected nation is gaining momentum through meaningful collaborations that combine modern education, technology, innovation and financial empowerment. While digit... |
| Jul 10, 2026 | Village Bhata is Advancing the Digital Pakistan Vision Through the State Bank of Pakistan Digitally Enabled Village Initiative | Share
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As Pakistan moves steadily towards a digitally connected and financially inclusive future under the Digital Pakistan Vision, empowering rural communities through technology has become a national priority. Recog... |
| Apr 15, 2026 | Pakistan ends 8-year bank ban on crypto dealings | Pakistan has lifted an 8-year ban on banks dealing in cryptocurrencies, thereby allowing financial institutions to open and maintain accounts for licensed Virtual Asset Service Providers (VASPs).
On April 14, the State Bank of Pakistan (SBP... |
| Oct 7, 2025 | Thoughts on Bangladesh Bank's SME Remittance Facility: Progress and Barriers | Bangladesh Bank has introduced a new foreign remittance facility for small and medium enterprises. SMEs can now remit up to $3,000 annually for business expenses abroad. They can use bank transfers or special SME Cards with $600 limits. But... |
| Aug 1, 2025 | Pakistan's annual inflation accelerates to 4.1% in July | ISLAMABAD :Pakistan's consumer inflation accelerated to 4.1 per cent year-on-year in July, up from 3.2 per cent in June, driven by rising prices for food items, fuels and medicines, the statistics bureau said on Friday.
July's consumer pric... |
| Mar 21, 2025 | Xinhua Silk Road: 2025 Global South Financiers Forum held in Beijing, urging strong financial cooperation | BEIJING, March 21, 2025 /PRNewswire/ -- The 2025 Global South Financiers Forum, themed "Illuminating Global South", was held in March 19-21 in Beijing. Hosted by Xinhua News Agency, the event gathered government officials, financi... |
| Jan 27, 2025 | Pakistan central bank cuts key rate to 12% amid easing inflation | KARACHI, Pakistan :Pakistan's central bank cut its benchmark interest rate by 100 basis points to 12 per cent on Monday, in line with expectations, as inflation eases and growth looks to set to pick up after 1,000 basis points of rate cuts ... |
| Jan 7, 2025 | Mashreq Pakistan Receives Approval for Digital Banking Pilot Operations | Listen to this article
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Mashreq Pakistan, a subsidiary of the UAE’s Mashreq Bank, has secured a restricted license from the State Bank of Pakistan (SBP) to commence pilot operations as a digital retail bank in the ... |
| Jan 2, 2025 | Pakistan's Economic Resilience: A Fragile Recovery Amidst Challenges | Pakistan's economy is like a ship navigating through stormy seas. Recent reports reveal a mixed bag of economic indicators, suggesting a fragile recovery. Inflation has slowed, but growth remains tepid. The country is balancing on a tightro... |
| 2025 | Pakistan's annual inflation slowed to 4.1% in December | KARACHI : Pakistan's consumer inflation rate slowed to 4.1 per cent year on year in December, the statistics bureau said on Wednesday, the lowest in more than 6-1/2 years.
The South Asian country is navigating a challenging economic recover... |
| Dec 5, 2024 | Saudi Arabia extends term of $3 billion deposit with Pakistan for another year | KARACHI : Saudi Arabia has extended the term of a $3 billion deposit placed with Pakistan to support its economy for another year, Pakistan's central bank said on Thursday.
The term of the deposit, which was maturing on Thursday, was initia... |
| Nov 4, 2024 | Pakistan central bank cuts rates by record 250 bp, beating expectations | Previous
FILE PHOTO: A logo of the State Bank of Pakistan (SBP) is pictured on a reception desk at the head office in Karachi, Pakistan July 16, 2019. REUTERS/Akhtar Soomro/File Photo
FILE PHOTO: Jameel Ahmad, Governor of the State Bank of ... |
| Apr 29, 2024 | Pakistan keeps key interest rate unchanged at 22% for 7th straight meet | |
| Dec 12, 2023 | State Bank of Pakistan Launches Regulatory Sandbox for Fintech Sector | The State Bank of Pakistan (SBP) has launched a “regulatory sandbox” framework, issuing preliminary guidelines to foster innovation in the financial technology (Fintech) sector.
This initiative, part of the central bank’s Vision 2028 strate... |
| Nov 10, 2023 | EduFi raises $6.1m to boost AI-powered student lending platform | InvestmentsNewsStartups
Gabriel Budi Sutrisno · 2d ago · 2 min readEduFi raises $6.1m to boost AI-powered student lending platform
Photo credit: FTiare / Shutterstock
Credit penetration in Pakistan has historically been low, due in part to ... |
| Sep 24, 2023 | Virtual Banking: Pakistan Issues In-Principle Approvals to Digital Banks, as Nation’s Fintech Sector Expands | In order to support innovation, financial inclusion as well as the emerging digital financial services ecosystem, the State Bank of Pakistan (SBP) has reportedly issued In-Principle Approvals for launching five digital retail-focused bankin... |
| Aug 17, 2023 | The Fintech Startup Environment In Pakistan: From Idea To Execution | Khurram Akhtar - Co Founder of ProgrammersForce. |
| Sep 6, 2022 | SnappRetail helps Pakistan’s kiryanas compete against supermarkets | A kiryana owner with one of SnappRetail’s point-of-sale devices
The number of global retailers, department stores and supermarkets operating in Pakistan is increasing, which spells convenience for consumers, but trouble for kiryanas, or sma... |
| Aug 4, 2022 | Pakistan central bank orders startup Tag to refund customers | The State Bank of Pakistan, the South Asian nation’s central bank, has ordered fintech Tag to “immediately” refund all funds to customers citing violation of regulatory requirements and “other concerns,” posing existential questions on the ... |
| May 25, 2022 | Askari Bank Limited Partners with SAS to Accelerate their Digitization Journey | - The bank has leveraged SAS Governance & Compliance Manager (SAS GCM) Solutions to ensure transparency in their processes
- The solutions will enable the bank to elevate the efficiency of their services and comply to regulations
ISLAMA... |
| Apr 27, 2022 |
Is Bitcoin Legal? | As the market capitalization of the cryptocurrency market continues to climb, regulators around the world are stepping up the debate on oversight into the use and trading of digital assets.
To date, very few countries have completely outlaw... |
| Apr 4, 2022 | Fintech a bright spot in Pakistan’s breakout year | Premium Content
It takes our newsroom weeks - if not months - to investigate and produce stories for our premium content. You can’t find them anywhere else.
Melissa Goh · 6 Apr 2022 · 7 min readFintech a bright spot in Pakistan’s breakout y... |
| Feb 6, 2022 | SBP introduces instant and free person-to-person payments under Raast
Status of Banks Offering Raast P2P as of 3 Feb. 2022 | State Bank of Pakistan has issued instructions that will enable Person-to-Person (P2P) fund transfers in the country through Raast, Pakistan’s Instant Payment System developed by the State Bank. Raast—an Urdu word which means correct and di... |
| Feb 1, 2022 | EPD Circular Letter No. 02 of 2022 - Method and Period of Payment for Exports | The Presidents/Chief Executives of
All Authorized Dealers in Foreign Exchange
Dear Sir/Madam,
Method and Period of Payment for Exports
Attention of Authorized Dealers is invited to FE Circular No. 1 dated January 5, 2022 in terms of which t... |
| Jan 31, 2022 | DMMD Circular No. 01 of 2022 - Rate of Remuneration on Special Cash Reserve Account Maintained with SBP Against Deposits Raised Under FE-Circular 25 of 1998 | DMMD Circular No. 01 of 2022Jan 31, 2022
The Head/Principal Offices of
All Authorized Dealers
In Foreign Exchange
Dear Sirs/Madams,
RATE OF REMUNERATION ON SPECIAL CASH RESERVE ACCOUNT
MAINTAINED WITH SBP AGAINST DEPOSITS RAISED UNDER FE-CI... |
| Jan 21, 2022 | SBP Hosts event on "Digital Banks - A New Era in Pakistan" (21-01-2022) | External Relations Department
ERD/M&PRD/PR/01/2022-161 January 21, 2022
SBP Hosts event on "Digital Banks - A New Era in Pakistan"
SBP issued "Licensing and Regulatory Framework for Digital Banks" on January 03, 2022... |
| Jan 21, 2022 | SBP Hosts event on “Digital Banks – A New Era in Pakistan” | SBP issued “Licensing and Regulatory Framework for Digital Banks” on January 03, 2022. To create awareness of this important development in regulatory ambit, SBP organized an online event – “Digital Banks – A New Era in Banking”. The object... |
| Jan 16, 2022 | Clarification/rebuttal issued to The Express Tribune on January 15, 2022 | Following story "SBP refuses to open Afghanistan Relief Fund" published by Express Tribune
on January 15, 2022.
Shahbaz Rana, Published January 15, 2022
The State Bank of Pakistan (SBP) has refused to open the Afghanistan Relief F... |
| Jan 7, 2022 | Response to Common Misperceptions about State Bank of Pakistan Amendment Act 2021 | RESPONSE TO COMMON MISPERCEPTIONS ABOUT
STATE BANK OF PAKISTAN AMENDMENT ACT 2021
1. The State Bank will no longer focus on growth but only inflation, which this is not the right model for a developing country like Pakistan
Supporting econo... |
| Jan 5, 2022 | FE Circular No. 01 of 2022 - Method and Period of Payment | FE Circular No. 01 of 2022
January 05, 2022
The Presidents/Chief Executives of all
Authorized Dealers in Foreign Exchange
Dear Sir/Madam,
Method and Period of Payment
Attention of Authorized Dealers is invited to Para 6, Chapter 12 of Forei... |
| Jan 3, 2022 | SBP announces a new era for banking with a Licensing & Regulatory Framework for Digital Banks (03-01-2022) | External Relations Department
ERD/M&PRD/PR/01/2021-152 January 03, 2022
SBP announces a new era for banking with a Licensing & Regulatory Framework for Digital
Banks
With the start of 2022, the State Bank of Pakistan has set the sta... |
| Dec 31, 2021 | State Bank of Pakistan : DMMD Circular No. 26 of 2021 - Rate of Remuneration on Special Cash Reserve Account Maintained with SBP Against Deposits Raised Under Fe- Circular 25 of 1998 | The Presidents/Chief Executive Officers
All Islamic Banks/ Islamic Banking Branches of Conventional Banks Dear Sirs/ Madams,
Attachments
Original Link
Original Document
Permalink
Disclaimer
State Bank of Pakistan published this content on 2... |
| Dec 29, 2021 | DMMD Circular No.24 of 2021 - Shariah Compliant Standing Ceiling Facility- Mudarabah based Financing Facility (MFF) | In exercise of the powers conferred under Section 18 of SBP Act 1956, State Bank of Pakistan has decided to introduce Shariah Compliant Standing Ceiling Facility- Mudarabah based Financing Facility (MFF) with a view to provide liquidity man... |
| Dec 29, 2021 | DMMD Circular No.25 of 2021 - Shariah Compliant Mudarabah Based Open Market Operations -Injections (OMO-Injection) | In order to enhance monetary policy transmission and improve management of market liquidity, SBP has decided to introduce Shariah Compliant Mudarabah based Open Market Operations (OMO-Injections) for Islamic Banking Institutions, in exercis... |
| Dec 22, 2021 | DS.BS. 2 (1) / 2021-015147 - Revamped Scheduled Banks/ DFIs/MFBs Statistics - Quarterly Reporting of | Statistics and Data Warehouse Department (SDWD) of State Bank of Pakistan collects and compiles branch level Scheduled Banks Statistics through Data Acquisition Portal (DAP) on half yearly (HY) basis vide Circular letter No. DS.BS.2 (1) / 2... |
| Dec 20, 2021 | Governor SBP Dr. Reza Baqir appreciates banks for providing agriculture credit of over Rs1.3 trillion during FY21 and sets target of Rs1.7 trillion for FY22 (20-12-2021) | External Relations Department
ERD/M&PRD/PR/01/2021-145 December 20, 2021
Governor SBP Dr. Reza Baqir appreciates banks for providing agriculture credit of over
Rs1.3 trillion during FY21 and sets target of Rs1.7 trillion for FY22
Dr. Re... |
| Dec 20, 2021 | EPD Circular Letter No. 01 of 2017 - Export of Sugar | The Presidents/Chief Executives of all
Authorized Dealers in Foreign Exchange
Dear Sirs/Madam,
Export of Sugar
Authorized Dealers (ADs) may find enclosed Ministry of Commerce's Office Memorandum No. 7(2)/2012-Exp.III dated January 6, 2017 r... |
| Dec 20, 2021 | FE Circular No. 10 of 2017 - Issuance of US Dollar denominated Insurance Policies | The Presidents/Chief Executives of all
Authorized Dealers in Foreign Exchange
Dear Sirs/Madam,
Issuance of US Dollar denominated Insurance Policies
Attention of Authorized Dealers is invited to instructions contained in Para 16, Chapter 15 ... |
| Dec 20, 2021 | EPD Circular Letter No. 05 of 2017 - Export of Urea | The Presidents/Chief Executives of all
Authorized Dealers in Foreign Exchange
Dear Sirs/Madam,
Export of Urea
Authorized Dealers (ADs) may find enclosed Ministry of Commerce's Office Memorandum No. 6(1)/2015-Exp.III dated January 27, 2017 r... |
| Dec 20, 2021 | State Bank of Pakistan : FE Circular No. 06 of 2018 - Advance Payment against Imports | The Presidents/Chief Executives of all
Authorized Dealers in Foreign Exchange
Dear Sirs/Madam,
Advance Payment against Imports
Attention of the Authorized Dealers is invited to Para 30, Chapter 13 of Foreign Exchange Manual - 2018 in terms ... |
| Dec 20, 2021 | EPD Circular No. 03 of 2018 - Prohibition of Dealing in Virtual Currencies / Tokens | The Chief Executives of all
Exchange Companies and
Exchange Companies of 'B' Category
Dear Sir(s) / Madam,
Prohibition of Dealing in Virtual Currencies / Tokens
Virtual Currencies (VCs) like Bitcoin, Litecoin, Pakcoin, OneCoin, DasCoin, Pay... |
| Dec 20, 2021 | FE Circular No. 11 of 2017 Revision of Instructions regarding Making and Dispatch of Shipping Documents by the Exporters | The Presidents/Chief Executives of all
Authorized Dealers in Foreign Exchange
Dear Sirs/Madam,
Revision of Instructions regarding Making and Dispatch of Shipping Documents by the Exporters
Attention of Authorized Dealers is invited to Para ... |
| Dec 14, 2021 | Monetary Policy Statement (14-12-2021) | MONETARY POLICY COMMITTEE
STATE BANK OF PAKISTAN
Monetary Policy Statement
December 14, 2021
At today's meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by 100 basis points to 9.75 percent. The goal of this deci... |
| Dec 9, 2021 | FE Circular No. 04 of 2021 - Raising of Convertible Debt from Abroad by Startup Companies | The Presidents/Chief Executives of
All Authorized Dealers in Foreign Exchange
Dear Sir/Madam,
Raising of Convertible Debt from Abroad by Startup Companies
In order to facilitate the startup companies, in raising convertible debt from abroad... |
| Nov 25, 2021 | Clarification/rebuttal issued to Business Recorder on November 24, 2021 | Business Recorder published following Editorial "clarification" on November 24, 2021 titled 'Monetary Policy Statement': clarification by SBP
BR - EPAPERNOV 22, 2021OPINION AND EDITORIAL PAGE 6
Monetary Policy Statement
The Moneta... |
| Nov 24, 2021 | SBP releases Annual Report on The State of Pakistan's Economy (24-11-2021) | ERD/M&PRD/PR/01/2021-132 November 24, 2021
SBP releases Annual Report on The State of Pakistan's Economy
The State Bank of Pakistan released today its Annual Report on the State of Pakistan's Economy reviewing the fiscal year 2020-21.Th... |
| Nov 19, 2021 | Monetary Policy Statement - Nov 19, 2021 (English) | MONETARY POLICY COMMITTEE
STATE BANK OF PAKISTAN
Monetary Policy Statement
November 19, 2021
At today's meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by 150 basis points to 8.75 percent. This reflected the MP... |
| Nov 13, 2021 | State Bank of Pakistan : SBP raises Banks' Cash Reserve Requirement from 5 percent to 6 percent to contain monetary expansion and moderate domestic demand (13-11-2021) | External Relations Department
ERD/M&PRD/PR/01/2021-123 November 13, 2021
SBP raises Banks' Cash Reserve Requirement from 5 percent to 6 percent to contain
monetary expansion and moderate domestic demand
SBP has decided to increase the a... |
| Oct 29, 2021 | DMMD Circular No. 19 of 2021 - Rate of Remuneration on SCRA maintained with SBP against deposits raised under FE-25 Circular of 1998 | DMMD Circular No. 19 of 2021Oct 29, 2021
The Head/Principal Offices of
All Authorized Dealers
In Foreign Exchange
Dear Sirs/Madams,
RATE OF REMUNERATION ON SPECIAL CASH RESERVE ACCOUNT
MAINTAINED WITH SBP AGAINST DEPOSITS RAISED UNDER FE- C... |
| Oct 22, 2021 | Annual Payment Systems Review FY21 | Payment Systems
Review
FOR THE FISCAL YEAR ENDED JUNE 30, 2021
PREPARED BY
PAYMENT SYSTEMS POLICY AND OVERSIGHT DEPARTMENT
DIGITAL FINANCIAL SERVICES GROUP
STATE BANK OF PAKISTAN
Payment Systems Review FY 2020-21
Table of Contents Payment S... |
| Oct 22, 2021 | Digital payments adoption continues its journey on upward trajectory in FY21 (22-10-2021) | External Relations Department
ERD/M&PRD/PR/01/2021-117 October 22, 2021
Digital payments adoption continues its journey on upward trajectory in FY21
The State Bank of Pakistan (SBP) released its Annual Payment Systems Review (PSR) for t... |
| Oct 15, 2021 | State Bank of Pakistan : SBP instructs Banks to Digitize Corporate Payments (15-10-2021) | External Relations Department
ERD/M&PRD/PR/01/2021-115 October 15, 2021
SBP instructs Banks to Digitize Corporate Payments
Towards digitization of payments and receipts in the corporate sector, SBP has now made it mandatory for its regu... |
| Oct 10, 2021 | State Bank of Pakistan : launches dedicated landing webpage on promoting housing and construction finance (08-10-2021) | External Relations Department
ERD/M&PRD/PR/01/2021-109 October 08 , 2021
State Bank launches dedicated landing webpage on promoting housing and
construction finance
SBP has launched today a dedicated landing webpage, https://www.sbp.org... |
| Oct 10, 2021 | President of Pakistan launches Roshan Apna Ghar in UAE (09-10-2021) | External Relations Department
ERD/M&PRD/PR/01/2021-110 October 09, 2021
President of Pakistan launches Roshan Apna Ghar in UAE
H.E President Dr. Arif Alvi expressed the hope that Non-Resident Pakistanis (NRPs) living in UAE would take m... |
| Oct 6, 2021 | State Bank of Pakistan : SBP takes measures to curb undesirable foreign currency outflow (06-10-2021) | External Relations Department
ERD/M&PRD/PR/01/2021-107 October 06, 2021
SBP takes measures to curb undesirable foreign currency outflow
In order to enhance transparency in the foreign currency transactions by exchange companies and to c... |
| Oct 1, 2021 | DMMD Circular No. 17 of 2021 - Rate of Remuneration on Special Cash Reserve Account Maintained with SBP Against Deposits Raised Under Fe- Circular 25 of 1998 | DMMD Circular No. 17 of 2021September 30, 2021
The Head/Principal Offices of
All Authorized Dealers
In Foreign Exchange
Dear Sirs/Madams,
RATE OF REMUNERATION ON SPECIAL CASH RESERVE ACCOUNT
MAINTAINED WITH SBP AGAINST DEPOSITS RAISED UNDER... |
| Sep 27, 2021 | NIBAF holds event to advocate girl's education & financial literacy (27-09-2021) | External Relations Department
ERD/M&PRD/PR/01/2021-104 September 27, 2021
NIBAF holds event to advocate girl's education & financial literacy
National Institute of Banking & Finance (NIBAF), a subsidiary of the State Bank of Pak... |
| Sep 20, 2021 | Monetary Policy Statement - Sep 20, 2021 (English) | MONETARY POLICY COMMITTEE
STATE BANK OF PAKISTAN
Monetary Policy Statement
September 20, 2021
At its meeting on 20th September 2021, the Monetary Policy Committee (MPC) decided to raise the policy rate by 25 basis points to 7.25 percent. Si... |
| Sep 17, 2021 | AC&MFD Circular No. 01 of 2021 - Banking on Equality Policy | The Presidents / Chief Executives/ Managing Directors
All Commercial Banks/Islamic Banks/Microfinance Banks/
Development Finance Institutions/Electronic Money Institutions
Dear Sirs/Madams,
Banking on Equality Policy
State Bank of Pakistan ... |
| Aug 31, 2021 | DMMD Circular No. 14 of 2021 - RATE OF REMUNERATION ON SPECIAL CASH RESERVE ACCOUNT MAINTAINED WITH SBP AGAINST DEPOSITS RAISED UNDER FE- CIRCULAR 25 OF 1998 | DMMD Circular No. 14 of 2021August 31, 2021
The Head/Principal Offices of
All Authorized Dealers
In Foreign Exchange
Dear Sirs/Madams,
RATE OF REMUNERATION ON SPECIAL CASH RESERVE ACCOUNT
MAINTAINED WITH SBP AGAINST DEPOSITS RAISED UNDER FE... |
| Aug 30, 2021 | State Bank enhances investment opportunities for Non-Resident Pakistanis and facilitates inflow of funds in Roshan Digital Accounts through Money Transfer Operators (30-08-2021) | External Relations Department
ERD/M&PRD/PR/01/2021-94 August 30, 2021
State Bank enhances investment opportunities for Non-Resident Pakistanis and facilitates
inflow of funds in Roshan Digital Accounts through Money Transfer Operators
I... |
| Aug 27, 2021 | State Bank of Pakistan : Prime Minister launches Roshan Apna Ghar, another initiative of SBP to facilitate overseas Pakistanis in housing (27-08-2021) | External Relations Department
ERD/M&PRD/PR/01/2021-93 August 27, 2021
Prime Minister launches Roshan Apna Ghar, another initiative of SBP to facilitate overseas
Pakistanis in housing
The Honorable Prime Minister of Pakistan, Mr. Imran K... |
| Aug 25, 2021 | State Bank launches Roshan Apna Ghar Scheme for Overseas Pakistanis (25-08-2021) | External Relations Department
ERD/M&PRD/PR/01/2021-92 August 25, 2021
State Bank launches Roshan Apna Ghar Scheme for Overseas Pakistanis
The State Bank of Pakistan will be launching this week a new product, Roshan Apna Ghar, for non-re... |
| Aug 25, 2021 | Thunes Enables Real-time Consumer Payments to Pakistan through a Partnership with Bank Alfalah | SINGAPORE and KARACHI, Pakistan , Aug. 25, 2021 /PRNewswire/ -- Thunes, Singapore-based Fintech company and a leader in global cross-border payments, today announced a partnership with Bank Alfalah, one of Pakistan's largest banks, to enabl... |
| Aug 12, 2021 | Governor SBP shares the positive outlook of the economy and facilitation measures for businesses with FPCCI (12-08-2021) | Page 1
External Relations Department
ERD/M&PRD/PR/01/2021-87 August 12, 2021
Governor SBP shares the positive outlook of the economy and facilitation measures for
businesses with FPCCI
Dr. Reza Baqir, Governor State Bank of Pakistan, st... |
| Aug 4, 2021 | SBP announces new initiatives at Fifth Stakeholders' Meeting on Digital Financial Services (03-08-2021) | External Relations Department
ERD/M&PRD/PR/01/2021-81 August 04, 2021
SBP announces new initiatives at Fifth Stakeholders' Meeting on Digital Financial Services
At the 5th Stakeholders meeting on Digital Financial Services held on Monda... |
| Jul 30, 2021 | DMMD Circular No. 12 of 2021 - Rate of Remuneration on SCRA maintained with SBP against deposits raised under FE-25 Circular of 1998 | DMMD Circular No. 12 of 2021July 30, 2021
The Head/Principal Offices of
All Authorized Dealers
In Foreign Exchange
Dear Sirs/Madams,
RATE OF REMUNERATION ON SPECIAL CASH RESERVE ACCOUNT
MAINTAINED WITH SBP AGAINST DEPOSITS RAISED UNDER FE- ... |
| Jul 27, 2021 | Monetary Policy Statement - Jul 27, 2021 (English) | MONETARY POLICY COMMITTEE
STATE BANK OF PAKISTAN
Monetary Policy Statement
July 27, 2021
At its meeting on 27th July 2021, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7 percent. Since its last meeting in May, ... |
| Jun 30, 2021 | DMMD Circular No. 10 of 2021 - Rate of Remuneration on SCRA maintained with SBP against deposits raised under FE-25 Circular of 1998 | DMMD Circular No. 10 of 2021June 30, 2021
The Head/Principal Offices of
All Authorized Dealers
In Foreign Exchange
Dear Sirs/Madams,
RATE OF REMUNERATION ON SPECIAL CASH RESERVE ACCOUNT
MAINTAINED WITH SBP AGAINST DEPOSITS RAISED UNDER FE- ... |
| May 31, 2021 | DMMD Circular No. 09 of 2021 - Rate of Remuneration on SCRA maintained with SBP against deposits raised under FE-25 Circular of 1998 | DMMD Circular No. 09 of 2021May 31, 2021
The Head/Principal Offices of
All Authorized Dealers
In Foreign Exchange
Dear Sirs/Madams,
RATE OF REMUNERATION ON SPECIAL CASH RESERVE ACCOUNT
MAINTAINED WITH SBP AGAINST DEPOSITS RAISED UNDER FE- C... |
| May 28, 2021 | Monetary Policy Statement - May 28, 2021 (English) | MONETARY POLICY COMMITTEE
STATE BANK OF PAKISTAN
Monetary Policy Statement
May 28, 2021
At its meeting on 28th May 2021, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7 percent. Since its last meeting in March, ... |
| May 26, 2021 | SBP introduces Convertible Debt for raising financing from Abroad (26-05-2021) | External Relations Department
ERD/M&PRD/PR/01/2021-54 May 26, 2021
SBP introduces Convertible Debt for raising financing from Abroad
In order to facilitate the startup companies in raising financing from abroad, State Bank of Pakistan h... |
| May 5, 2021 | 521 solar projects worth Rs36bn have been launched under SBP’s schemes | According to Governor State Bank of Pakistan (SBP) Dr. Reza Baqir during a webinar, various commercial banks have extended financing of around Rs 36 billion for 521 projects producing approximately 850 MW electricity under Financing Scheme ... |
| Apr 30, 2021 | Pakistan’s foreign exchange reserves rise to $16.4 billion | The foreign exchange reserves held by the central bank rose 2.39% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.
On April 23, the foreign currency reserves held by the SBP were recorded at $1... |
| Apr 30, 2021 | DMMD Circular No. 08 of 2021 - Rate of Remuneration on Special Cash Reserve Account Maintained with SBP Against Deposits Raised Under Fe- Circular 25 of 1998 | DMMD Circular No. 08 of 2021April 30, 2021
The Head/Principal Offices of
All Authorized Dealers
In Foreign Exchange
Dear Sirs/Madams,
RATE OF REMUNERATION ON SPECIAL CASH RESERVE ACCOUNT
MAINTAINED WITH SBP AGAINST DEPOSITS RAISED UNDER FE-... |
| Apr 13, 2021 | SBP announces office & business hours during the month of Ramadan-ul-Mubarak (13.04.2021) | External Relations Department
ERD/M&PRD/PR/01/2021-41 April 13, 2021
SBP announces office & business hours during the month of Ramadan-ul-Mubarak
During the ensuing holy month of Ramadan-ul-Mubarak 1442 AH, the following office hour... |
| Apr 5, 2021 | Strategic Plan for Islamic Banking industry for the period 2021-2025 | Strategic Plan for Islamic Banking Industry 2021-25
April 2021
Islamic Banking Department
State Bank of Pakistan
Strategic Plan for Islamic Banking Industry Team
Team
Syed Samar Hasnain
Executive Director-Development Finance Group
Ghulam Mu... |
| Apr 5, 2021 | SBP unveils ambitious Third Five-year Strategic Plan for Islamic Banking Industry (05-04-2021) | External Relations Department
ERD/M&PRD/PR/01/2020/35 April 5, 2021
SBP unveils ambitious Third Five-year Strategic Plan for Islamic Banking Industry
State Bank of Pakistan (SBP) today unveiled its third five-year Strategic Plan for the... |
| Mar 28, 2021 | Digital Banking: State Bank of Pakistan Releases New Guidelines for Virtual Banks, but Cash Is Still King in the Country | The State Bank of Pakistan (SBP), the nation’s central bank, announced on Friday (March 26, 2021) that it has started working on a separate set of guidelines for virtual banks which will focus on “regional regulatory trends,” according to a... |
| Mar 23, 2021 | Pakistan’s IT exports maintain growth of 40% over 8 months | Pakistan’s IT sector has remained impressive throughout the current financial year, with consistent growth of above 40 percent in exports between July 2020 and February 2021.
According to data released by the State Bank of Pakistan (SBP), ... |
| Mar 22, 2021 | Pakistan records current account surplus of $881 million against a deficit of $2,741 million last year | “During Jul-Feb FY21, the current account remained in a surplus of $881 million, against a deficit of $2,741 million during Jul-Feb FY20”, announced the State Bank of Pakistan (SBP) on Sunday. In other words, the country’s closing current a... |
| Mar 19, 2021 | Internet & Mobile banking transactions more than double – up by 113%, with 44.2 million cards issued | The State Bank of Pakistan (SBP) has announced that Internet & mobile banking transactions more than doubled in Q2FY21 over last year – volume up by 113% and value by 115%. The announcement came with the Payment Systems Quarterly report... |
| Mar 18, 2021 | Foreign direct investment to Pakistan down by 30% in eight months | The net inflow of foreign direct investment (FDI) declined 30 percent during the first eight months (July–February) of the current financial year (2020-21) owing to a significant increase in outflows.
According to data released by State Ba... |
| Feb 22, 2021 | Pakistan’s foreign direct investment drops by 27pc | Foreign Direct Investment (FDI) declined by 27.4 percent during the July-Jan 2021 period of the current fiscal year.
According to the latest State Bank of Pakistan (SBP) data, Pakistan fetched FDI amounting to $1,145.3 million in July-Jan ... |
| Feb 10, 2021 | Draft Working Paper on: Raising of Convertible Debt from Abroad by Startup Companies | Working Paper
Raising of Convertible Debt from Abroad by Startup Companies
1. Background: During our discussions over the last one year the representatives of Startups and Venture Capital (VC) firms have highlighted that current foreign exc... |
| Jan 29, 2021 | DMMD Circular No. 01 of 2021 - Rate of Remuneration on SCRA maintained against FE-25 Deposits raised under FE-25 Circular of 1998 | DMMD Circular No. 01 of 2021January 29, 2021
The Head/Principal Offices of
All Authorized Dealers
In Foreign Exchange
Dear Sirs/Madams,
RATE OF REMUNERATION ON SPECIAL CASH RESERVE ACCOUNT
MAINTAINED WITH SBP UNDER FE-CIRCULAR 25 OF 1998
Pl... |
| Jan 22, 2021 | ICT exports grow by a staggering 43% in December 2020 | According to the latest statistics issued by the State Bank of Pakistan (SBP), Pakistan’s ICT exports have grown more than 43 percent on a year-over-year (YoY) basis. The telecommunications, computer, and information services exports stood ... |
| Jan 19, 2021 | Foreign direct investment drops 30pc in July-Dec FY21 amid second wave of COVID-19 | According to the latest statistics issued by the State Bank of Pakistan (SBP), Foreign Direct Investment (FDI) to the country reduced drastically in the first half (July-Dec) of the Fiscal Year 2020-21 (FY21). FDI dropped by 30 percent in t... |
| Jan 14, 2021 | What is Raast? And how will it help an everyday Pakistani? | The Prime Minister (PM) of Pakistan, Imran Khan, just launched the “Raast” initiative hoping that the system will shift the country towards a cashless economy which would inevitably mean easier tax collection for the government.
Raast is P... |
| Jan 6, 2021 | Pakistan’s economy is coming back on track: SBP | According to a report issued by the State Bank of Pakistan (SBP), Pakistan’s economy started to regain its pre-COVID trajectory during the first quarter (Q1) of the Fiscal Year 2020-21 (FY21). The recovery has been attributed to the timely ... |
| Dec 23, 2020 | Pakistan’s IT exports show a 40% growth in July-Nov FY21 | According to the latest statistics of the export of goods and services issued by the State Bank of Pakistan (SBP), the Information Telecommunication (IT) and IT-enabled Services (ITeS) sector has recorded exports worth $763 million in the J... |
| Dec 22, 2020 | SBP launches consultation on Banking on Equality Policy – an initiative to increase financial inclusion of women in the country | In order to address one of the key challenges hindering economic growth of Pakistan to its full potential, State Bank of Pakistan (SBP) has launched a national dialogue on its forthcoming policy to reduce the gender gap in financial inclusi... |
| Dec 21, 2020 | Draft Policy on Banking on Equality-Reducing the Gender Gap in Financial Inclusion | Banking on Equality Policy: Reducing the
Gender Gap in Financial Inclusion
Draft for consultation with stakeholders
December 21, 2020
State Bank of Pakistan
Acknowledgement
The draft policy has been enriched from the valuable feedback recei... |
| Dec 7, 2020 | Pakistan earned $444 Million in Q1 FY 2020-21 from ICT Services’ Export | In the latest statistics issued by the State Bank of Pakistan (SBP), Pakistan exported Telecommunications, Computer, and Information (ICT) Services worth $444 million in the first quarter (Q1) of the Fiscal Year 2021 (FY21).
The export of ... |
| Dec 3, 2020 | State Bank issues regulatory framework to facilitate e-Commerce exports from Pakistan | According to a press release issued by the State Bank of Pakistan (SBP), the bank has issued a regulatory framework to facilitate Business-to-Consumer (B2C) e-Commerce exports from Pakistan. Under the new regulatory framework, the mandatory... |
| Nov 30, 2020 | Foreign investors withdraw $471.7M from Pakistan’s debt market after SBP slashes policy rates | In the last five months, foreign investors have withdrawn $471.7 million from Pakistan’s debt market owing to reduced policy rates introduced by the State Bank of Pakistan (SBP) and the second wave of Corona, that seems to be worse than the... |
| Nov 25, 2020 | SBP reveals broadband penetration in Pakistan quadrupled over the last 5 years | The State Bank of Pakistan (SBP) revealed in their special section on “Covid-19 and the Need to Boost Digital Connectivity in Pakistan” that broadband penetration in Pakistan has quadrupled over the last 5 years from just 8.9 percent in 201... |
