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.
Higher interest rates and cautious investment trends push Pakistan’s banking deposits to historic levels
Bank deposits in Pakistan climbed to a record Rs37.88 trillion by the end of April 2026, according to fresh data released by the State Bank of Pakistan (SBP) on Monday.
(more…)SBP asks commercial banks to remain open over weekend to facilitate taxpayers in payment of government duties and taxes
The State Bank of Pakistan (SBP) on Friday directed commercial banks to keep designated branches open on May 23 and 24 to facilitate taxpayers in the payment of government duties and taxes.
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State Bank of Pakistan to remain closed from May 26 to May 28 for Eid-ul-Adha holidays
The State Bank of Pakistan (SBP) on Friday announced bank holidays from May 26 to May 28, 2026, on the occasion of Eid-ul-Adha.
(more…)Central bank expands digital payments initiative to 96 cattle markets across Pakistan
The State Bank of Pakistan has launched a nationwide “Go Cashless” campaign for Eid-ul-Azha 2026 aimed at promoting secure and convenient digital transactions in cattle markets across the country.
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Rising investor interest drives sharp increase in registered prize bond holdings amid documentation push
Investment in premium prize bonds in Pakistan increased by 24.30% in the year ended March 31, 2026, according to data released by the State Bank of Pakistan.
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Prime minister emphasizes support for women entrepreneurs and export-focused businesses
ISLAMABAD – Prime Minister Shehbaz Sharif on Wednesday directed commercial banks to take concrete measures to improve access to easy loans for women entrepreneurs and small and medium enterprises (SMEs), while also helping them expand exports.
(more…)Central bank simplifies inheritance remittance process for foreign legal heirs
KARACHI – State Bank of Pakistan (SBP) has issued revised instructions regarding the distribution and remittance of assets belonging to deceased persons to legal heirs residing abroad.
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Majority complaints filed against large banks
Banking Mohtasib Pakistan on Tuesday said around 66 percent of banking complaints received during calendar year 2025 were filed against large-sized banks.
(more…)Banking Mohtasib Pakistan provided relief exceeding Rs1.87 billion to banking customers during calendar year 2025 by resolving 36,280 complaints against commercial banks.
(more…)State Bank of Pakistan on Monday announced that Pakistan received $3.5 billion in workers’ remittances during April 2026.
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