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Rs5000 note being discontinued? SBP governor clears the air ISLAMABAD  (  WEB  NEWS  ) State Bank of Pakistan (SBP) Governor Jameel Ahmed on Wednesday dismissed rumours circulating on social media about the demonetisation of the Rs.5000 currency note, calling them false and misleading. The clarification was made during a meetingRead More →

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Monetary Policy: SBP Keeps Policy Rate Steady at 10.5% Amid ‘Stable’ Economic Outlook KARACHI  (  WEB  NEWS ) In a move that surprised some market analysts, the State Bank of Pakistan (SBP) has decided to hold its benchmark policy rate unchanged at 10.5% during the first Monetary Policy Committee (MPC)Read More →

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SBP to hold first monetary policy meeting of 2026 on Jan 26 The survey found that 56 per cent of participants anticipate a 50 basis points cut in the policy rate. KARACHI  (  WEB  NEWS  )   A large majority of market participants expect the State Bank of Pakistan (SBP)Read More →

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SBP slashes interest rate by 50 basis points in new monetary policy KARACHI    (   WEB  NEWS  ) The State Bank of Pakistan (SBP) has slashed the interest rate by 0.5 per cent to fix the policy rate at 10.5 per cent. The central bank in its announcement of theRead More →

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Mobilink Bank to Pioneer Digital Islamic Banking in the Microfinance Sector ISLAMABAD   (   WEB  NEWS   ) Pakistan’s leading digital microfinance bank, Mobilink Bank has announced the launch of its Islamic banking operations to introduce responsible Shariah-compliant financial services in the country. The launch took place during the VEON group’s annualRead More →

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Pakistan posts $112m current account deficit in October 2025: SBP Deficit follows surplus of $83m in September 2025,  State Bank issues major update on current account deficit KARACHI  (   WEB  NEWS    ) Pakistan’s current account slipped into a deficit of $112 million in October 2025, according to data releasedRead More →

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Building the Future through Collaboration in Digitization: Governor State Bank “The digital future is no longer an imagination — it has become a reality,” Governor Jameel Ahmad says at the Future of Banking Summit 2025. KARACHI  (  WEB NEWS  ) Governor of the State Bank of Pakistan (SBP), Jameel Ahmad,Read More →

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Governor State Bank: Islamic Banking Needs More Work, Despite Significant Progress Over 8,000 Islamic Banking Branches Now Operating NationwideTrade Deficit Controlled, Inflation Rate Hits 50-Year Low at 0.3%Governor Jameel Ahmed Speaks at Conference in Karachi Karachi (Web News) Governor of the State Bank of Pakistan (SBP), Jameel Ahmed, said thatRead More →

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State Bank Cuts Interest Rate by Another 1%, Now Set at 11%Inflation Declined Rapidly in March and April: State BankKarachi (Web News) The State Bank of Pakistan (SBP) has reduced the policy rate by another 1%, bringing it down to 11%. According to details, the Monetary Policy Committee (MPC) decidedRead More →

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Mastercard signs strategic collaboration with Mashreq to support its launch as a digital bank in Pakistan  The collaboration involves card portfolios across consumer, affluent, and business segments Karachi  (  Web  News  ) Mastercard has signed a multi-year strategic agreement with Mashreq to support its launch as a digital bank inRead More →

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ISLAMABAD   (   WEB  NEWS   ) Khushhali Microfinance Bank Limited (KMBL) has taken a significant step toward expanding its Islamic banking offerings by collaborating with Qazi Shariah Consultancy. This strategic partnership is aligned with the State Bank of Pakistan’s Vision 2028, which aims to facilitate the transition of conventional banks intoRead More →

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State Bank Grants Pilot License for Digital Retail Bank to Mashreq Bank MBPL is a subsidiary of Mashreq Bank PSC (UAE) Karachi (  Web  News  ) The State Bank has granted a pilot license for a digital retail bank to Mashreq Bank Pakistan Limited. Previously, a microfinance bank was issuedRead More →