Pakistan records historic $19.76 billion in workers’ remittances in 1HFY26

Karachi, January 9, 2026 — Pakistan has achieved a historic milestone in workers’ remittances, receiving a record $19.76 billion during the first half of the current fiscal year (July–December 2025), according to data released by the State Bank of Pakistan (SBP) on Friday. This marks a significant 11% increase compared to $17.80 billion recorded in […]

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Bank Alfalah

SBP approves due diligence for Afghan bank to acquire BAFL operations

Karachi, January 7, 2026 — The State Bank of Pakistan (SBP) has granted approval to Ghazanfar Bank of Afghanistan to initiate the due diligence process for acquiring Bank Alfalah Limited’s (BAFL) branches in Afghanistan. This step marks a significant development in the planned transaction, aimed at transferring BAFL’s Afghan operations to the Afghan banking institution.

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Retail payments in Pakistan grow 10% in Q1 FY26: SBP releases report

Karachi, December 30, 2025 – The State Bank of Pakistan (SBP) on Tuesday released its Quarterly Payment Systems Review for the first quarter (Q1) of Fiscal Year 2025-26, reporting a significant 10% growth in retail payment transactions. The report provides a detailed analysis of Pakistan’s evolving payment ecosystem, highlighting key trends, digital adoption, and sectoral […]

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