SBP restricts Islamic banking loan to parent bank
Central bank bars Islamic banking institutions from placing funds with conventional parent entities through Qard or subsidised financing.
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Central bank bars Islamic banking institutions from placing funds with conventional parent entities through Qard or subsidised financing.
Continue ReadingCentral bank outlines priorities on inflation, financial sector development and structural reforms to strengthen policymaking
Continue ReadingState Bank of Pakistan data reveals a surging reliance on domestic borrowing and a significant month-on-month spike in external liabilities. KARACHI: Pakistan’s total central government debt climbed to nearly Rs82 trillion by the end of April 2026, registering an increase of 9.33 per cent compared with the same month a year earlier, according to the […]
Continue ReadingDeposit Protection Corporation strengthens financial safety net for millions of bank customers across Pakistan.
Continue ReadingNew measures allow banks and microfinance banks greater flexibility in converting branches to Islamic banking operations.
Continue ReadingStrong Eid-driven inflows lift overseas remittances to historic peak ISLAMABAD, June 6, 2026 — Pakistan remittances surged 20% month-on-month in May 2026, reaching a record monthly high as inflows from overseas workers strengthened ahead of Eid, according to official economic data.
Continue ReadingThe State Bank of Pakistan (SBP) significantly expanded its “Go Cashless” campaign during Eid-ul-Azha 2026, accelerating the shift toward digital payments in traditionally cash-heavy cattle markets. The initiative was rolled out across 123 cattle markets nationwide, compared to 54 markets in 2025, reflecting a major push to promote financial inclusion and reduce reliance on physical […]
Continue ReadingState Bank introduces SAR and AED-denominated certificates to attract more investment from overseas Pakistanis in Gulf countries The State Bank of Pakistan (SBP) has expanded the Naya Pakistan Certificates (NPCs) scheme by introducing investment certificates denominated in Saudi Arabian Riyal (SAR) and UAE Dirham (AED), aiming to attract greater participation from overseas Pakistanis residing in […]
Continue ReadingCentral bank reserves increase to $17.147 billion as Pakistan’s total foreign exchange holdings reach $22.647 billion. Pakistan’s foreign exchange reserves increased by $58 million during the week ended May 22, 2026, reflecting continued stability in the country’s external sector, according to data released by the State Bank of Pakistan.
Continue ReadingIMF seeks extensive daily and monthly exchange market data from SBP to strengthen transparency and monitor currency operations The International Monetary Fund (IMF) has intensified oversight of Pakistan’s foreign exchange market under the country’s ongoing bailout programme, requiring the State Bank of Pakistan (SBP) to provide extensive daily and monthly data on currency market operations.
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