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.
Karachi, January 15, 2026 — The State Bank of Pakistan (SBP) has approved exchange companies to use the Raast payment system to process remittances, marking a significant step toward a cashless economy.
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Islamabad – Prime Minister Muhammad Shehbaz Sharif on Wednesday announced the formation of a committee to review and deliberate on new designs for Pakistan’s currency notes. The decision was made during a federal cabinet meeting at the Prime Minister’s House, which focused on key policy matters, including currency modernization, a news release from the Prime Minister’s Office stated.
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Karachi, January 12, 2026 – The Bank of Punjab (BoP) on Monday dismissed reports of a cyberattack on its systems, while confirming that a temporary technical glitch led to unauthorized credit card transactions involving a limited number of its customers.
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KARACHI, January 11, 2026 — The Pakistani rupee is expected to remain range-bound in the coming week as traders watch closely to see if it can sustain its recent gains and break the critical 280-per-dollar level.
(more…)Karachi, January 9, 2026 – The Pakistani rupee strengthened by 3 paisa against the US dollar on Friday, buoyed by robust remittance inflows, according to the State Bank of Pakistan (SBP).
(more…)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 the same period of the previous fiscal year.
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Karachi, January 7, 2026 — The State Bank of Pakistan (SBP) on Wednesday raised Rs905 billion through the auction of Market Treasury Bills (MTBs), surpassing its initial target of Rs850 billion, reflecting strong investor participation and easing yield expectations.
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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.
(more…)Karachi, January 7, 2026 — Private sector borrowing from commercial banks plunged by a massive 79% during the first half of FY2025-26, according to the latest monetary aggregates released by the State Bank of Pakistan (SBP), highlighting weak credit demand despite aggressive monetary easing.
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Islamabad, January 1, 2026 – The Bank of Punjab (BOP), in collaboration with the British Asian Trust (BAT) acting as Transaction Advisors and Program Managers (TAPM), has officially launched the Pakistan Skills Impact Bond (PSIB)—a AAA-rated, Government of Pakistan-backed Term Finance Certificate (TFC) valued at Rs 1,000 million.
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