Category: Money & Banking

Islamabad, November 10, 2024 – The Pakistan Information Commission (PIC) has directed the State Bank of Pakistan (SBP) to provide a list of employees holding dual nationality or married to foreign nationals within ten days. This directive, issued under the Right to Access to Information Act 2017, is part of a case initiated by petitioner Azmat Khan, who requested transparency on dual-nationality holders within the SBP.

In a call to action for the financial sector to embrace sustainability, the Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, underscored the critical need to bolster credit allocation for climate-resilient projects and promote environmentally sustainable growth. Speaking at the event “Enabling Green Financing and Green Bonds via Credit Enhancement Solutions,” hosted by InfraZamin Pakistan, the Governor emphasized the growing importance of aligning Pakistan’s financial sector with global shifts toward sustainability.

Karachi, November 5, 2024 – The State Bank of Pakistan (SBP) has granted in-principle approval to two companies—Toko Lab Private Limited and Accept Technologies Private Limited (PayMob)—to establish operations as an Electronic Money Institution (EMI) and a Payment System Operator (PSO)/Payment Service Provider (PSP), respectively. This pivotal decision marks a progressive step towards fostering innovation in the financial technology sector.