Money and banking drive economic activity by facilitating transactions, savings, and investments. Banks manage financial resources, offer credit, and regulate money supply, ensuring stability and growth in Pakistan’s financial sector.
Mobile banking apps, Raast and QR payments drive surge in digital transactions as retail payments reach Rs168.8 trillion
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SBP declares July 1 a bank holiday for year-end account settlement; branch services to remain unavailable to customers
(more…)Central bank expands policy communication framework with more press conferences and faster publication of MPC materials
(more…)Central bank to remain closed on 9th and 10th Muharram following federal government’s nationwide public holidays announcement
(more…)New framework enables corporates, mutual funds, pension funds and retail investors to access government-backed Shariah-compliant securities
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Think tank urges sustained tight monetary stance as inflation, liquidity stress and structural issues challenge SBP policy effectiveness
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National Savings completes preparations for paperless prize bonds with direct credit of winnings and enhanced digital services
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Lower State Bank profits expected to cut federal non-tax revenue by nearly Rs1 trillion in the upcoming fiscal year
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Funds to be raised through Tier 2 capital instruments under Basel III framework to strengthen the bank’s capital base.
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Loan to Support Insurance Reforms and Financial Resilience
ISLAMABAD: The Asian Development Bank (ADB) has approved a US$700 million policy-based loan to support structural reforms in Pakistan’s insurance sector, aiming to broaden coverage, strengthen financial protection and deepen capital markets.
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