In a major monetary overhaul aimed at enhancing security features, modernizing national iconography, and streamlining cash circulation, the Federal Cabinet—chaired by the Prime Minister on the recommendations of the Ministry of Finance and the State Bank of Pakistan (SBP)—has officially approved the final designs for an entire new series of banknotes, alongside a new Rs.…
PM DIRECTS STATE BANK OF PAKISTAN TO SPEED UP HOUSING LOAN DISBURSEMENTS 🇵🇰🏠📈🔑⚡ In an executive intervention to bridge the gap between financial approvals and on-ground construction liquidity, Prime Minister Shehbaz Sharif has issued directives to the State Bank of Pakistan (SBP) and chief executives of leading commercial banks to simplify lending criteria and fast-track…
SBP LAUNCHES NEW DIGITAL CHEQUE CLEARING SYSTEM (PECS) STARTING OCTOBER 15 🇵🇰💳🏦⚡🚨 In a major structural upgrade to Pakistan’s financial infrastructure, the State Bank of Pakistan (SBP), in collaboration with the National Institutional Facilitation Technologies (NIFT), has officially notified the launch of the Pakistan Express Clearing System (PECS). Beginning October 15, 2026, the central bank…
Commercial Banks Demand One-Window Housing Plan to Accelerate Low-Cost Mortgages 🇵🇰🏡 In a major development aimed at simplifying housing finance and home loans across Pakistan, 25 leading commercial banks have urged the establishment of a one-window documentation facility at urban development authorities—such as the Rawalpindi Development Authority (RDA). During a high-level consultative session chaired by…
In a major development aimed at simplifying housing finance and home loans across Pakistan, 25 leading commercial banks have urged the establishment of a one-window documentation facility at urban development authorities—such as the Rawalpindi Development Authority (RDA). During a high-level consultative session chaired by the State Bank of Pakistan (SBP), financial institutions, real estate developers,…
