The State Bank of Pakistan (SBP) injected Rs 12,929.05 billion through Reverse Repo Purchase and Shariah Compliant Mudarabah based Open Market Operations (OMO) on Friday to maintain liquidity in the market. The central bank conducted the Open Market Operation, Reverse Repo Purchase (Injection) for 7 and 14-day tenors on July 17, 2026, and injected Rs […]
SBP
SBP governor outlines vision for more inclusive, digital payments ecosystem
Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad, has welcomed the launch of the HBL, UnionPay International and PayPak co-badged debit card, describing the partnership as an important milestone in Pakistan’s journey toward a modern, resilient and inclusive digital payments ecosystem that supports the Prime Minister’s vision of a Cashless Pakistan. Speaking at the […]
Overseas workers send $41.6bn in FY26 as SBP ends incentive schemes
Overseas workers’ remittances to Pakistan increased by 9% to $41.6 billion during Jul-June FY26, up from $38.3 billion in the previous fiscal year. During June, remittances stood at $3.475 billion, according to data from the State Bank of Pakistan (SBP) released on Thursday. In terms of growth, remittances declined by 18% on a month-on-month basis […]
SBP declares July 1 bank holiday across Pakistan
The State Bank of Pakistan has announced that banks and financial institutions across Pakistan will remain closed on July 1. According to the central bank, Wednesday, July 1, will be observed as a bank holiday, due to which all banks will remain closed for public dealings and transactions. The announcement stated that development finance institutions […]
SBP, LCCI decide to work jointly for SME growth
State Bank of Pakistan (SBP) Chief Manager Ansar Iftikhar Butt said on Wednesday that the Bank would work closely with Lahore Chamber of Commerce and Industry (LCCI) to promote SME development, enhance women’s financial inclusion, create awareness about Islamic banking and address forex related issues. He added that SMEs are the backbone of economy and […]
SBP maintains policy rate at 11.5% as inflation fears subside
The State Bank of Pakistan’s Monetary Policy Committee (MPC) on Monday left its benchmark policy rate unchanged at 11.5%, noting a recent decline in global oil prices following a US-Iran deal. “The Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 11.5% in its meeting,” the central bank said in a statement. […]
SBP-held forex reserves rise by $25 million to $17.22 billion
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $25 million during the week ended June 5, 2026, according to data released by the central bank on Thursday. The SBP’s foreign exchange reserves rose to $17.215 billion from $17.190 billion recorded a week earlier. The central bank said the country’s total […]
May sees highest-ever monthly remittances at $4.3 billion
Workers’ remittances were recorded at $4.3 billion in May, registering growth on both a monthly and annual basis, according to data released by the State Bank of Pakistan (SBP) on Wednesday. Adviser to the Finance Minister Khurram Schehzad also shared the data on X, stating that Pakistan had recorded its “highest-ever monthly remittance inflow in […]
SBP’s ‘Go Cashless’ campaign saw Rs 34bn in digital transactions on Eid
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-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 […]