Tag: State Bank of Pakistan

NIBAF Pakistan Hosts Interactive Session With SBP Governor Jameel Ahmad

NIBAF Pakistan hosted SBP Governor Jameel Ahmad for an interactive session with SBOTS-28 and CROS-1 officers, focusing on leadership, digital transformation and cyber risk resilience.

State Bank of Pakistan Deputy Governor Calls For Technology-Led Financial Inclusion

SBP Deputy Governor Saleem Ullah highlights technology and digital financial services as key tools for expanding financial inclusion across Pakistan.

CSD Goes Live With Raast QR Payments Across Pakistan Retail Network

Canteen Stores Department has launched Raast QR payments with soundbox devices to support cashless transactions across its retail network.

HugoBank Receives SBP Approval to Begin Pilot Digital Banking Operations

HugoBank has received SBP approval to begin pilot operations, allowing it to test digital banking products with a limited customer base.

SBP Caps Digital Payment Charges at Petrol Pumps to Boost Raast Adoption

SBP has capped card payment charges at fuel stations and directed banks to expand Raast QR acceptance until January 31, 2027.

PayPak Cards May Become Mandatory for Government Salaries and Subsidies

1LINK has proposed mandatory PayPak cards for government salaries, subsidies and public payments as Pakistan expands domestic digital payment infrastructure.

TouchPoint Drives Pakistan Deposit Automation Forward via Qmatch Technology Platform

TouchPoint expands deposit automation in Pakistan with over 1300 SBP approved deposit machines powered by Qmatch while targeting 2000 units nationwide.

State Bank of Pakistan and IBA CEIF Convene Shariah Advisors Forum 2026 to Advance Maqasid Financial Intermediation

State Bank of Pakistan partners with IBA CEIF to host the Shariah Advisors Forum 2026 in Karachi, advancing Shariah governance and Maqasid-based financial intermediation.

Federal Government Establishes GPRTU to Integrate Public Payments With Raast

The Finance Division launches the Government Payments and Receipts Transformation Unit to integrate federal institutions with the Raast instant payment system.

Banking Mohtasib Pakistan Secures Over 762 Million Rupees Relief for Bank Customers in First Half of 2026

Banking Mohtasib Pakistan resolves over 18 thousand complaints to deliver 762 point 76 million rupees in financial relief to banking consumers during the first half of 2026.

SBP Holds Policy Rate Unchanged at 11 Point 5 Percent Amid Economic Recovery and Geopolitical Risks

State Bank of Pakistan maintains the policy rate at 11 point 5 percent as the Monetary Policy Committee balances moderating inflation, improving FX reserves, and Middle East conflict risks.

PPCBL Partners with Paysys Labs to Deploy Mobile Banking App and RTGS Systems

Punjab Provincial Cooperative Bank Limited signs a strategic contract with Paysys Labs to implement a mobile banking application and RTGS payment infrastructure.