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 […]