9 h. ago Hajj 2026: Designated banks to collect applications on Saturday

KARACHI – To facilitate the collection of Hajj applications from registered applicants of Hajj 2026, the State Bank of Pakistan,

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25 h. ago SBP partners with Japan’s Soramitsu for digital currency rollout: report

In a major step towards digitisation, the State Bank of Pakistan (SBP) is working with Soramitsu, a Japanese blockchain technology developer, to pilot a central bank digital currency (CBDC) in the country this year, reported Nikkei Asia on Tuesday. As per the report, the digital Pakistani rupee pilot will be run on Soramitsu’s CBDC platform […]

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5 d. ago Designated banks in Pakistan to collect Hajj applications on Saturday

KARACHI – To facilitate the collection of Hajj applications from registered applicants of Hajj 2026, the State Bank of Pakistan,

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6 d. ago State Bank of Pakistan’s foreign reserves drop by $72 million

KARACHI – Pakistan’s liquid foreign reserves stood at $19,495.6 million as of August 1, 2025. According to the data released

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3 w. ago Pakistan sees 90pc rise in net FDI from China, reaching $1.22bn in FY25

ISLAMABAD: China’s net foreign direct investment (FDI) in Pakistan has soared by 90.4%, reaching $1.22 billion in fiscal year 2024–25, up from $643.2 million recorded in FY 2023–24. According to data released by the State Bank of Pakistan (SBP) and reported by Gwadar Pro, this surge in investment highlights China’s increasing role as one of […]

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3 w. ago Dollar shortage worsens despite record remittances and surplus

Despite record-high remittances and a current account surplus, Pakistan is facing a serious shortage of US dollars in the currency market. Banks are reportedly charging more than the official rate set by the State Bank of Pakistan (SBP), making it harder for businesses and individuals to access the currency. Currency experts are surprised by the […]

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3 w. ago State Bank of Pakistan’s foreign reserves rise by $23 million

KARACHI – Pakistan’s liquid foreign reserves stood at $19,957.1 million as of July 11, 2025. According to the data released

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3 w. ago Go cashless in cattle markets campaign: SBP hosts award ceremony

The State Bank of Pakistan, Banking Services Corporation (SBP BSC), hosted an award ceremony on Wednesday, in Karachi to honor high-performing banks for their outstanding contributions to the Go Cashless in Cattle Markets Campaign 2025. Managing Director of SBP Banking Services Corporation, Maraj Mahmood while addressing the ceremony, appreciated the efforts of the participating banks […]

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4 w. ago These Bank Branches in Pakistan are Open 7 Days a Week; Full List here

KARACHI – Weekend is off for almost all banks, but not anymore as Pakistanis can now access banking services on

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4 w. ago ADB report highlights weak digital growth, calls for urgent reforms

ISLAMABAD – The Asian Development Bank (ADB) has released a report on Pakistan’s digital ecosystem, stressing the urgent need for investment and reforms to improve connectivity and boost economic output. According to the report, Pakistan’s digital sector contributes only 1.5% to the country’s GDP, highlighting the sector’s underdevelopment. Fixed broadband access remains low at just […]

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4 w. ago Pakistan’s exports to North America jump 10%, led by US market

ISLAMABAD – Pakistan’s exports to North America increased by 10.19% during the first 11 months of FY2025, reaching $5.91 billion, according to data from the State Bank of Pakistan. The United States remained the leading destination, driving most of the growth in textile and clothing shipments. Nearly 94% of exports to North America went to […]

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