SECP Introduces Passive Equity Sub-Fund Under Voluntary Pension Scheme
SECP has introduced a Passive Equity Sub-Fund under the Voluntary Pension Scheme (VPS) framework.
Editor
Formal Banking Retail Payments Surge 58% in FY26
The State Bank of Pakistan (SBP) released its Annual Report on Payment Systems FY26, informing that retail payments through formal banking channels grew 58% to reach 14.3 billion transactions, of which 13.2 billion were conducted through digital channels.
Adil Aziz
SBP to Introduce Express Clearing System for Faster Cheque Processing
The State Bank of Pakistan announced the launch of Pakistan Express Clearing System (PECS) for reinforcing the digital payments ecosystem and enhancing the efficiency of the existing cheque clearing and settlements mechanism. The new system will be based on the concept of cheque truncation under which cheques will be cleared on the basis of images…
Mehfooz
HBL MFB, 1LINK & Euronet to Launch First PayPak Credit Card
HBL MfB, 1LINK signed a tripartite agreement to introduce Pakistan’s first PayPak Credit Card, with HBL Microfinance Bank.
SECP Proposes Rs5 Million Limit for Microfinance and Housing Loans
SECP has proposed raising the maximum limit for microfinance and housing loans to Rs5 million.
SBP Holds Policy Rate at 11.5% as Inflation Rises and Global Risks Grow
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) has decided to maintain the policy rate at 11.5 percent.
BII Plans to scale up investment in Pakistan
British International Investment (BII) reaffirmed its commitment to Pakistan and signalled interest in exploring fresh investment opportunities.
Pakistan’s Active Digital Payments Merchants Reach 2.03 Million: Bilal Azhar Kiyani
The active merchants using digital payments in Pakistan have surged to 2.03 million from just 0.5 million.
SECP approves public offering of Naya Nazimabad Apartment REIT
SECP has approved the Offer for Sale prospectus of Naya Nazimabad Apartments REIT (NNAR) for listing on the Pakistan Stock Exchange (PSX).
SBP Holds Policy Rate at 11.5% as Inflation Outlook Improves
The State Bank of Pakistan (SBP), On Monday, kept the policy rate unchanged at 11.5 percent on the back of some improvements in economic indicators as well as evolving risks due to resurgence of conflict in the Middle East.