SBP notifies 1LINK as designated payment system
The State Bank of Pakistan (SBP) has officially notified 1LINK (Private) Limited as a Designated Payment System under Section 4(1) of the Payment Systems & Electronic Funds Transfer Act, 2007.…
Pakistan: Policy rate slashed to 11%
SBP surprises with 100bps rate cut on easing inflation; economic headwinds persist Beating the market expectations of a 50 basis points (bps) cut, the State Bank of Pakistan (SBP) has…
Drop in global oil prices to cushion impact of Trump’s tariffs on Pakistan: SBP governor
Ahmad says foreign exchange reserves expected to reach $14bn by June this year State Bank of Pakistan (SBP) Governor Jameel Ahmad on Monday anticipated that the recent drop in global…
Binance founder CZ joins Pakistan Crypto Council as Strategic Adviser in historic fintech move
In a landmark development for Pakistan’s digital finance landscape, Binance founder Changpeng Zhao — popularly known as CZ — has been appointed as the Strategic Adviser to the Pakistan Crypto…
Pakistan: ‘No hurdles in IMF agreement’
PAC uncovers controversial policy granting powers to FinMin The central bank governor, Jameel Ahmad, said on Thursday that there was no hurdle from the State Bank of Pakistan (SBP)’s side…
New design banknotes: Rs3.4bn paper machine upgrade project awarded to German firm
The Security Papers Limited (SPL) has awarded a paper machine upgrade project worth Rs3.4 billion to a German firm Giesecke+Devrient (G+D) ahead the roll-out of Pakistan’s new design banknotes. “The…