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State Bank of Pakistan (SBP)

JazzCash onboards 1.7 million merchants onto Pakistan’s Raast QR network
Posted inFinTech & TradFi

JazzCash Brings 1.7 Million Merchants Onto SBP Interoperable Raast Network

JazzCash has onboarded 1.7 million merchants onto the State Bank of Pakistan’s interoperable Raast QR payment network, strengthening its position as one of the country's largest digital payment acceptance platforms.…
Posted by Zara Fatima September 6, 2026
Pakistan banking sector records 9.1% balance sheet growth in H1CY26
Posted inFinTech & TradFi

SBP Rejects Claims Linking Raast to Money Laundering

The State Bank of Pakistan (SBP) has rejected media reports and social media claims suggesting that the Financial Action Task Force (FATF) identified Pakistan’s Raast payment system as a channel…
Posted by Zara Fatima September 4, 2026
SBP Deputy Governor Muhammad Ali Khan addresses the fourth Pakistan Fintech Forum on building a trusted digital financial ecosystem
Posted inFinTech & TradFi

SBP Seeks Stronger, More Trusted Digital Financial Ecosystem

Pakistan's digital payments story is largely settled its digital credit story is not, and that's where regulators are now turning their attention. Speaking as chief guest at the fourth Pakistan…
Posted by Zara Fatima September 3, 2026
Pakistan proposes a centralized merchant database to track digital transactions as part of its Cashless Economy push
Posted inFinTech & TradFi

Pakistan Proposes Centralized Merchant Database to Power Its Cashless Push

Pakistan's digital merchant base has grown so fast that the government says it can no longer track it manually. Officials have proposed building a centralized merchant database to give regulators…
Posted by Zara Fatima September 3, 2026
Pakistan banking sector records 9.1% balance sheet growth in H1CY26
Posted inTrade & Investment

SBP Interbank Dollar Purchases Reach $7.3 Billion in First 11 Months of FY26

The State Bank of Pakistan (SBP) purchased approximately $7.3 billion from the interbank foreign exchange market during the first 11 months of fiscal year 2026, slightly above the $7.2 billion…
Posted by Zara Fatima September 2, 2026
Pakistan banking sector records 9.1% balance sheet growth in H1CY26
Posted inFinTech & TradFi

SBP Recognizes NIFT as Designated Payment Operator

The State Bank of Pakistan (SBP) has designated National Institutional Facilitation Technologies (Private) Limited (NIFT) as a Designated Payment System under Section 4(1) of the Payment Systems and Electronic Fund…
Posted by Zara Fatima September 1, 2026
Askari Bank President and CEO Zia Ijaz receives the Best Mid-Sized Bank award at the 11th Pakistan Banking Awards.
Posted inFinTech & TradFi

Askari Bank Secures Top Mid-Sized Category Award at 11th Pakistan Banking Awards

Askari Bank has been recognized as the Best Mid-Sized Bank at the 11th Pakistan Banking Awards, sharing the category's top honor with Faysal Bank. The award was presented in Karachi…
Posted by Zara Fatima August 30, 2026
aik Digital launches aik Connect as Pakistan’s first Shariah-compliant Open Banking and Banking-as-a-Service gateway.
Posted inFinTech & TradFi

aik Digital Launches Pakistan’s First Shariah-Compliant Open Banking Gateway

aik Digital has launched aik Connect, described as Pakistan’s first Shariah-compliant Open Banking and Banking-as-a-Service (BaaS) gateway, aimed at making financial technology integrations faster and more streamlined. The platform is…
Posted by Zara Fatima August 30, 2026
State Bank of Pakistan foreign exchange reserves rise to $17.099 billion in the week ended August 21, 2026.
Posted inTrade & Investment

SBP Reserves Gain $17 Million in Weekly Update

Pakistan's foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $17 million during the week ended August 21, 2026, reaching $17.099 billion. The latest figure compares…
Posted by Zara Fatima August 28, 2026
State Bank of Pakistan considers replacing the Rs. 10 banknote with a coin as part of a new currency series.
Posted inTrade & Investment

SBP Proposes Discontinuation of Rs. 10 Banknote

The State Bank of Pakistan (SBP) is considering discontinuing the Rs. 10 banknote as part of plans to introduce a new currency series. SBP Deputy Governor Dr. Inayat Hussain shared…
Posted by Zara Fatima August 26, 2026

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