Islamic banking strengthened its position in Pakistan’s financial sector during the first half of calendar year 2026, gaining a larger share of both banking assets and deposits, according to the State Bank of Pakistan (SBP). The latest figures were reported in the SBP’s Mid-Year Performance Review of the Banking Sector for H1 2026, which highlights […]
SBP Introduces New Digital Payment Incentives for Petrol Pumps Across Pakistan
The State Bank of Pakistan (SBP) has announced a new set of measures aimed at accelerating digital payments at fuel stations across the country. The initiative introduces lower transaction costs for card payments and expands the use of Raast QR payments, making cashless fuel purchases more convenient for consumers and businesses alike. The latest framework […]
SBP Schedules First FY27 Monetary Policy Announcement for July 27, Expands Transparency Measures
The State Bank of Pakistan (SBP) has unveiled its advance calendar for Monetary Policy Committee (MPC) meetings for fiscal year 2026-27, with the first monetary policy decision scheduled to be announced on July 27, 2026. Alongside the meeting schedule, the central bank has introduced several initiatives designed to strengthen transparency, improve communication, and provide greater […]
Will SBP Issue Fresh Bank Notes for Eid ul Fitr 2026? Here’s the Official Update
Rumors circulating online about the non-availability of fresh currency notes for Eid ul Fitr 2026 have prompted a clarification from the State Bank of Pakistan. The central bank has firmly denied issuing any notification claiming that new banknotes will not be available this year. The clarification comes after a document titled “Non-Availability of Fresh Currency […]