SBP eases rules for overseas heirs to transfer inherited assets abroad
- 14-May-2026
State Bank of Pakistan (SBP) has revised its foreign exchange regulations to simplify the process for non-resident legal heirs seeking to transfer inherited assets outside Pakistan. Under the updated framework, Succession Certificates and Letters of Administration issued by National Database and Registration Authority (NADRA) will now be officially accepted alongside court-issued documents as valid proof […]
Pakistan receives $3.53 billion remittances in April 2026: SBP
- 11-May-2026
KARACHI: Overseas Pakistanis remitted $3.53 billion in April 2026, the central bank has released the figure of remittances received in last month. The State Bank of Pakistan (SBP) stated that the remittances from the Pakistanis abroad marked an 11.4% increase compared to the same month last year. “This figure, however, reflects a 7.6% decline on […]
State Bank announces latest monetary policy
- 27-Apr-2026
KARACHI: The State Bank of Pakistan (SBP) has announced its latest monetary policy, increasing the key policy rate by 100 basis points to 11.50 percent, citing emerging economic challenges and global uncertainties, ARY News reported. According to the central bank, the new monetary policy decision comes as inflation, measured by the Consumer Price Index (CPI), […]
SBP opens doors for teenagers to access bank accounts, digital wallets
- 01-Apr-2026
KARACHI: The State Bank of Pakistan (SBP) has introduced a new framework aimed at expanding financial access for young individuals, allowing teenagers to open and manage their own bank accounts and digital wallets, ARY News reported. Under the initiative, individuals aged 13 to 18 will now be able to independently access regulated financial services. The […]
SBP slashes interest rate by 50 basis points in new monetary policy
- 15-Dec-2025
KARACHI: The State Bank of Pakistan (SBP) has slashed the interest rate by 0.5 per cent to fix the policy rate at 10.5 per cent. The central bank in its announcement of the new monetary policy slashed interest rate by 50 basis points as experts were expecting the interest rate likely to remain unchanged. In […]
Transactions worth Rs612trln recorded in FY2025: SBP governor
- 12-Nov-2025
KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad revealed that transactions worth Rs612 trillion were recorded during the fiscal year 2025, with 77 per cent of them conducted at the branch level. He noted that the private sector is rapidly adopting the Raast digital payment system, and 15 more banks are expected to integrate […]
SBP keeps monetary policy rate unchanged
- 27-Oct-2025
KARACHI: The State Bank of Pakistan (SBP) on Monday announced to keep the interest rate unchanged at 11 per cent, ARY News reported. “The interest rate has been kept unchanged in view of the existing inflation levels and recent floods in the country”, central bank said in a statement. The Monetary Policy Committee meeting chaired […]
SBP to unveil new monetary policy today
- 27-Oct-2025
KARACHI: The State Bank of Pakistan (SBP) is set to announce its new monetary policy today (Monday), ARY News reported. According to the central bank, the Monetary Policy Committee meeting will be chaired by Governor Jameel Ahmad. The committee will conduct a detailed review of domestic and global economic conditions, inflation trends, and growth indicators. […]
SBP issues clarification on trade data computation and C/A revision
- 07-Oct-2025
KARACHI: The State Bank of Pakistan (SBP) on Monday clarified that SBP’s trade data is computed mainly on the basis of trade payments data received from banks; hence, there will be no significant revision in Current Account C/A balance data already published. The SBP in its clarification stated ” This is in response to recently […]
SBP clarifies social media reports on digital funds transfer
- 28-Sep-2025
KARACHI: The State Bank of Pakistan (SBP) has clarified reports circulating on social media regarding a two-hour cooling period in digital funds transfer. According to the central bank, all digital funds transfers are conducted on a real-time basis, with amounts almost instantly credited to the recipient’s account. The two-hour cooling period applies only to branchless […]