Tag: SBP

Soneri Bank reports stable performance for 2025 with significant deposit growth and a record expansion of 126 new branches across Pakistan.

Visa convenes Pakistan banking and fintech leaders to discuss stablecoin adoption, regulatory frameworks, and the future of digital asset settlements in the country.

Safepay announces general availability of Raast, enabling real-time bank transfers with instant confirmation, automated reconciliation, and seamless API integration for merchants across Pakistan.

The Coca-Cola Company has officially gone live on the Federal Board of Revenue’s (FBR) digital invoicing system through Haball’s Wasl platform, marking a significant advancement in Pakistan’s journey toward automated tax compliance, corporate transparency, and digital transformation.

Total inflows into Roshan Digital Accounts (RDA) reached $205 million in October 2025, boosting cumulative inflows to $11.31 billion. The steady growth signals renewed confidence from overseas Pakistanis in Pakistan’s digital banking and investment ecosystem.

The State Bank of Pakistan introduces its Technology Risk Management (TRM) Framework for Payment Institutions, setting comprehensive standards to strengthen cybersecurity, operational resilience, and governance across Pakistan’s digital financial ecosystem.

The State Bank of Pakistan reports that women’s active bank accounts have risen to 37 million under its Banking on Equality policy, narrowing the gender gap in financial inclusion. Governor Jameel Ahmad announced the progress during the World Bank Group meetings, emphasizing SBP’s commitment to advancing women’s entrepreneurship and inclusive economic growth.

TallyMarks Consulting (TMC) has partnered with Azentio to accelerate Pakistan’s Islamic banking transformation through Shariah-compliant digital solutions, aligning with the SBP’s roadmap for innovation and regulatory compliance.

The Federal Board of Revenue (FBR) has begun consultations with experts to draft legislation for cryptocurrency regulation and taxation in Pakistan, following directives from the Federal Tax Ombudsman.

Barq Pakistan has received In-Principle Approval (IPA) from the State Bank of Pakistan to establish an Electronic Money Institution (EMI) Wallet, marking a major step toward expanding digital payments and financial inclusion in Pakistan.

The State Bank of Pakistan has launched Zarkhez-e, a new digital platform offering collateral-free agricultural loans to small and marginalized farmers, enabling end-to-end digital access through banks and microfinance institutions.

Askari Bank Limited and 1LINK have signed an agreement to enable 1GO Raast P2M payment acceptance, empowering merchants across Pakistan to receive secure, real-time digital payments via QR codes — advancing the country’s cashless economy vision.