SBP simplifies rules for conversion to Islamic banking branches
Central bank shortens notification timelines and simplifies account conversion procedures to facilitate Islamic banking expansion.
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Tag: State Bank of Pakistan
SBP keeps benchmark policy rate unchanged at 11.5% amid easing geopolitical tensions
State Bank of Pakistan maintains stance at 11.5% amid easing tensions, stable reserves, and persistent inflation pressures.
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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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SBP unveils first-ever research agenda for 2026-2029
Central bank outlines priorities on inflation, financial sector development and structural reforms to strengthen policymaking
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Pakistan’s total debt nears Rs82 trillion by April 2026, up 9.3% year-on-year
State 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 […]
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SBP doubles deposit protection limit to Rs1 million
Deposit Protection Corporation strengthens financial safety net for millions of bank customers across Pakistan.
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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 […]
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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 […]
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