Amendment to Income Tax Ordinance establishes centralized banking data repository for algorithm-based tax compliance checks
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Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
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Pakistan’s Foreign Exchange Reserves Drop $1.3 Billion on Debt Repayments
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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Currency in circulation jumps to Rs11.93 trillion despite surge in digital payments
Cash in circulation rises by over Rs1 trillion in Q3 FY2025-26 as Pakistan balances growing digital adoption with continued reliance on physical currency
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SBP issues directives to banks on fiscal year-end tax collection
Banks directed to extend branch hours and keep digital payment channels operational to facilitate tax payments
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Pakistan’s digital payments hit 3.4 billion transactions in Q3 FY2025-26: SBP
Mobile banking apps, Raast and QR payments drive surge in digital transactions as retail payments reach Rs168.8 trillion
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Banks to close public window on July 1, 2026
SBP declares July 1 a bank holiday for year-end account settlement; branch services to remain unavailable to customers
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Chinese investors repatriate record $456 million profit from Pakistan
Profit and dividend outflows to China jump 63% as Chinese-backed businesses report stronger earnings
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SBP unveils advance MPC calendar for FY2026-27, expands monetary policy transparency
Central bank expands policy communication framework with more press conferences and faster publication of MPC materials
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SBP Announces Bank Holidays on Ashura 2026
Central bank to remain closed on 9th and 10th Muharram following federal government’s nationwide public holidays announcement
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Pakistan opens Sukuk auctions to corporates, funds and individual investors
New framework enables corporates, mutual funds, pension funds and retail investors to access government-backed Shariah-compliant securities
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