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.
Jameel Ahmad calls for sector-specific financial products and digital innovation to support Pakistan’s economic growth
ISLAMABAD: Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, has urged commercial banks to move beyond traditional lending models and reduce reliance on government-backed financing schemes by developing sector-specific financial products tailored to the needs of agriculture, small and medium-sized enterprises (SMEs), and other productive sectors.
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Central bank abolishes mandatory minimum return on large individual deposits, trusts and private companies to ease banks’ funding costs.
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New web portal and mobile app enable retail and corporate investors to purchase Government of Pakistan securities digitally while promoting financial inclusion.
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Non-bank finance companies can now play a bigger role in providing affordable home loans under the government’s flagship housing scheme.
(more…)Jameel Ahmad says stronger reserves, record remittances and a stable external sector are laying the foundation for sustained economic growth
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Pakistan’s total liquid foreign exchange reserves reach $22 billion as central bank holdings post a weekly gain of $611 million.
(more…)Central bank conducts conventional and Shariah-compliant liquidity injections with an eight-day tenor
KARACHI: The State Bank of Pakistan (SBP) injected Rs2.26 trillion into the banking system on Thursday through conventional and Shariah-compliant Open Market Operations (OMO) to maintain adequate liquidity in the financial market.
(more…)Banks and exchange companies must continue offering free home remittance transactions despite withdrawal of central bank incentive
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Government, SBP and SECP outline roadmap to transform the financial sector while honouring all existing conventional financial commitments
(more…)SBP expects reserves to rebound as $2.4 billion inflows arrive before fiscal year-end
KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) declined by $1.305 billion during the week ended June 19, 2026, mainly due to external debt repayments, the central bank said on Monday.
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