The State Bank of Pakistan (SBP) said on Friday its Go Cashless campaign for Eidul Azha 2026 stood successful as more than 480,000 transactions valuing over Rs34 billion had been conducted using digital channels and instruments. The central bank said there was a significant increase in both the volume and value of digital transactions. “Compared […]
SBP
SBP-held foreign reserves rise by $43m to $17.9bn
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $43 million on a weekly basis, reaching $17.19 billion as of May 29, 2026, according to data released by the central bank on Thursday. The SBP said the country’s total liquid foreign reserves stood at $22.636 billion during the week under […]
SBP-held foreign reserves rise by $66 million to $17.15 billion
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $66 million on a weekly basis, according to data released by the central bank on Friday. The SBP said the country’s total liquid foreign reserves stood at $22.65 billion as of May 22, 2026. According to the break-up, foreign reserves held by […]
SBP to issue commemorative coins on 75 years of China ties
To mark the 75th anniversary of diplomatic relations Pakistan and China, the Government of Pakistan has decided to issue a commemorative coin of Rs.75 denomination. The coin will be available to the general public from May 25, 2026, through the exchange counters of field offices of SBP Banking Services Corporation. It may be recalled that […]
IMF maintains oversight of budgetary planning as more funds land in SBP
The International Monetary Fund (IMF) here on Wednesday acknowledged the positive progress made by Pakistan in maintaining macroeconomic stability despite a challenging global and regional environment. The appreciation was made by the visiting IMF Mission, led by Mission Chief Ms. Iva Petrova during a meeting with Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb […]
SBP projects GDP growth at 3.75%-4.75%, warns of Middle East war risks
Surging oil prices worldwide and their impact on other commodities are expected to keep inflation above the medium-term target of five to seven percent for most of the fiscal year 2027, Pakistan’s central bank said in a report on Tuesday. The State Bank of Pakistan (SBP) made these disclosures in its Half Year Report 2025-2026. […]
IMF decision on $1.2bn tranche expected today
Finance Minister Muhammad Aurangzeb has expressed optimism that the International Monetary Fund (IMF) Executive Board will approve Pakistan’s next $1.2 billion loan tranche during its meeting scheduled for Friday in Washington, DC. Read More: Pakistan meets most IMF targets, $1.2 billion tranche approval likely Speaking during a briefing of the National Assembly Standing Committee on Finance and Revenue, chaired […]
Financial sector grew by 15.1% last year, says SBP review
The State Bank of Pakistan (SBP) has issued its annual flagship publication Financial Stability Review (FSR) for CY25. The FSR presents the performance and risk assessment of various segments of the financial sector including banks, microfinance banks (MFBs), development finance institutions (DFIs), non-bank financial institutions (NBFIs), insurance, financial markets and financial market infrastructures (FMIs). It […]
SBP injects Rs 4.63 trillion in the market
The State Bank of Pakistan (SBP), Monday, injected Rs 4,628 billion through Reverse Repo Purchase and Shariah Compliant Mudarabah based Open Market Operations (OMO) to maintain liquidity in the market. The central bank conducted the Open Market Operation, Reverse Repo Purchase (Injection) for the 2-day and 4-day tenors on May 04, 2026, and injected Rs […]
Pakistan repays $3.45bn to UAE, confirms SBP
The State Bank of Pakistan (SBP) said on Friday it had repaid $1 billion to the Abu Dhabi Fund for Development (ADFD), completing the return of $3.45 billion in UAE deposits after settling $2.45 billion last week. In a post on X, the central bank said the latest payment was made on April 23, marking […]