Deposit Protection Corporation strengthens financial safety net for millions of bank customers across Pakistan.
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Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
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SBP notifies fresh instructions on Islamic banking windows operations
New measures allow banks and microfinance banks greater flexibility in converting branches to Islamic banking operations.
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Pakistan Remittances Surge 20% in May 2026, Hit Record Monthly High
Strong 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.
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SBP Digital Payments Surge to PKR 34 Billion in Eid Drive
The 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 currency during high-volume seasonal trade.
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SBP expands Naya Pakistan Certificates to SAR, AED with returns up to 12.75%
State 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 Gulf countries.
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Pakistan forex reserves rise by $58 million by week ending May 22, 2026
Central 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.
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IMF tightens oversight of Pakistan’s forex market under bailout programme
IMF 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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FBR requests SBP to extend banking hours for tax collection
Commercial banks directed to remain open late on May 29-30 to facilitate duty and tax payments
The Federal Board of Revenue (FBR) has requested the State Bank of Pakistan (SBP) to extend banking hours on May 29 and 30, 2026 to facilitate the collection of government duties and taxes.
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SBP opens door for Google, Meta payments through new digital services framework
New rules allow local intermediaries to process payments for global tech firms under regulated cross-border remittance system
The State Bank of Pakistan (SBP) has introduced a new regulatory framework enabling Pakistani companies to act as intermediaries and aggregators for global digital service providers, including Google LLC, Meta Platforms Inc., Microsoft Corporation and Oracle Corporation.
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SBP launches digital system to track foreign shareholding in Pakistan
New NSRS platform aims to improve transparency and streamline reporting of foreign investment, dividends and disinvestment flows
The State Bank of Pakistan (SBP) has launched a new digital reporting system to streamline the registration and monitoring of foreign shareholding in locally incorporated companies.
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