The State Bank of Pakistan has confirmed a major development regarding the country’s currency system, announcing that the designs of new banknotes have been finalized. Governor State Bank Jameel Ahmad shared that the proposed designs have already been approved by the State Bank Board and forwarded to the Ministry of Finance for further action. The […]
Foreign Direct Investment in Pakistan Falls 43% in First Half of FY26
Pakistan has witnessed a significant decline in Foreign Direct Investment (FDI) during the first six months of the fiscal year 2025-26, as net inflows dropped sharply by 43 percent year-on-year. According to the State Bank of Pakistan (SBP), net FDI totaled $808 million in H1 FY26, compared to $1,425 million in the same period last […]
Banks to Remain Closed for Public Transactions on January 1
Banks across Pakistan will remain closed for public transactions on Thursday, January 1, 2026, following a notification issued by the State Bank of Pakistan (SBP). According to the central bank’s official announcement, January 1 has been declared a bank holiday, during which all scheduled banks, development finance institutions (DFIs), and microfinance banks will suspend public […]
Saudi Arabia Extends $1 Billion Oil Facility, Rolls Over $5 Billion Deposits to Pakistan
Pakistan’s struggling economy received a major financial boost as Saudi Arabia renewed its long-standing economic support, extending a $1 billion oil facility and rolling over $5 billion in deposits placed with the State Bank of Pakistan (SBP), according to confirmation from the Finance Ministry. The extension underscores Riyadh’s continued commitment to Pakistan’s financial stability, especially […]