SBP report on banking sector

SBP Stresses Urgent Need for Climate Resilience Financing

In a call to action for the financial sector to embrace sustainability, the Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, underscored the critical need to bolster credit allocation for climate-resilient projects and promote environmentally sustainable growth. Speaking at the event “Enabling Green Financing and Green Bonds via Credit Enhancement Solutions,” hosted by […]

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SBP report on banking sector

SBP Approves Pilot Operations for Electronic Money Institutions

Karachi, November 5, 2024 – The State Bank of Pakistan (SBP) has granted in-principle approval to two companies—Toko Lab Private Limited and Accept Technologies Private Limited (PayMob)—to establish operations as an Electronic Money Institution (EMI) and a Payment System Operator (PSO)/Payment Service Provider (PSP), respectively. This pivotal decision marks a progressive step towards fostering innovation […]

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