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
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.
Editor
The performance and resilience of the banking sector remained intact during H1CY26: SBP
The State Bank of Pakistan (SBP) has issued today the Mid-Year Performance Review (The Review) of the Banking Sector for the first half of 2026.
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.
SBP Governor Urges Banks to Develop Specialized Financing Products
Governor State Bank of Pakistan (SBP), Jameel Ahmad, urged banks to move beyond traditional lending approaches and reliance on government supported schemes and develop sector specific products
Finance Minister Launches InvestPak Digital Platform for Government Securities Investment
Federal Minister for Finance and Revenue Muhammad Aurangzeb, formally launched InvestPak, a digital platform to facilitate individuals and corporate customers to make instant, free, and secure investment in government securities.
How Much Is Pakistan’s Current Account Surplus in 11MFY26? It Reached $255 Million
Pakistan’s External Current Account recorded a surplus of US$ 252 million during July-May fiscal year 2025-26 compared to a surplus of $ 1,618 million in the first eleven months of previous fiscal year.
State Bank Maintains 11.5% Policy Rate, Signals Continued Focus on Inflation Management
State Bank of Pakistan (SBP), Monday, maintained the policy rate at 11.5%, considering the current cautious monetary policy stance as appropriate to rein in the inflationary pressures.
Pakistan Receives $38.1bn in Workers’ Remittances, Up 9.21% Year-on-Year
Workers’ remittance inflows increased by 9.21 percent to US$38.1 billion during the first eleven months of fiscal year 2025–26, the State Bank of Pakistan (SBP) reported on Wednesday.