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Tag: State Bank of Pakistan

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SBP governor rules out newly designed currency notes for Eid

February 6, 2026February 6, 2026Faisal Shahnawaz

Karachi, February 6, 2026 – Jameel Ahmad, the Governor of the State Bank of Pakistan (SBP), has confirmed that newly designed currency notes will not be available this Eid-ul-Fitr. Speaking with senior journalists, he also shared updates on interest rates, remittances, exports, and digital finance initiatives.

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SBP to introduce carrot-and-stick policy for asset recovery

February 5, 2026February 5, 2026Shahnawaz Akhter

Karachi, February 5, 2026 – The State Bank of Pakistan (SBP) is preparing to roll out a comprehensive “carrot and stick” policy aimed at strengthening asset recovery in cases of financial crimes, including corruption and money laundering, according to official documents.

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State Bank of Pakistan Report

SBP releases interbank currency exchange rates for February 4, 2026

February 4, 2026February 4, 2026Faisal Shahnawaz

Karachi, February 4, 2026 – The State Bank of Pakistan (SBP) has published the daily interbank currency exchange rates for Wednesday, February 4, 2026, providing updated information for banking consumers and businesses.

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State Bank of Pakistan Report

SBP issues updated interbank currency exchange rates for February 3, 2026

February 3, 2026February 3, 2026Faisal Shahnawaz

Karachi, February 3, 2026 – The State Bank of Pakistan (SBP) on Tuesday released the latest interbank currency exchange rates to provide guidance to banks, importers, exporters, and the general public regarding prevailing foreign exchange market conditions.

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Private sector bank borrowing plunges 39% in 7MFY26 despite SBP rate cut

February 2, 2026February 2, 2026Faisal Shahnawaz

Karachi, February 2, 2026 – Bank borrowing by Pakistan’s private sector fell sharply by 39% during the first seven months of the current fiscal year (July 2025–January 2026), despite a substantial cut in the State Bank of Pakistan (SBP) benchmark interest rate, according to data released on Monday.

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State Bank of Pakistan Report

SBP Announces Interbank Foreign Currency Rates for February 2, 2026

February 2, 2026February 2, 2026Faisal Shahnawaz

Karachi, February 2, 2026 – The State Bank of Pakistan (SBP) has released the updated interbank foreign currency rates for Monday, February 2, 2026, to guide banking consumers and facilitate smooth currency transactions. These rates serve as a benchmark for commercial banks and businesses involved in foreign exchange operations.

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state bank of pakistan 03

SBP instructs banks to support FBR tax collection on January 31

January 30, 2026January 30, 2026Shahnawaz Akhter

Karachi, January 30, 2026 — The State Bank of Pakistan (SBP) on Friday directed all commercial banks to facilitate tax collection by the Federal Board of Revenue (FBR) by observing extended working hours on Saturday, January 31, 2026.

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State Bank of Pakistan Report

SBP Publishes Daily Interbank Foreign Exchange Rates for January 30, 2026

January 30, 2026January 30, 2026Faisal Shahnawaz

Karachi, January 30, 2026 – The State Bank of Pakistan (SBP) on Friday released the official daily interbank foreign exchange rates to keep banks, businesses, and the general public informed about prevailing currency trends in the local market.

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State Bank of Pakistan Report

SBP Releases Official Interbank Foreign Exchange Rates for January 29, 2026

January 29, 2026January 29, 2026Faisal Shahnawaz

Karachi, January 29, 2026 — The State Bank of Pakistan (SBP) on Thursday released the official interbank foreign exchange rates to guide banking consumers and financial institutions. These rates provide an indicative benchmark for commercial transactions and are updated daily based on data from leading commercial banks.

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Bank deposits cross Rs37 trillion mark for first time in Pakistan

January 29, 2026January 29, 2026Faisal Shahnawaz

Karachi, January 29, 2026 — Bank deposits in Pakistan have crossed the Rs37 trillion mark for the first time in the country’s history, underscoring strong public confidence in the banking system despite a sharp decline in key interest rates over the past year.

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