SBP
Saudi Arabia Rolls Over Its $3 Billion Deposit for Pakistan
Saudi Arabia has rolled over its US$3 billion deposit for Pakistan for another year after the Saudi Development Fund approved an extension, providing the government with critical external financing support. The rollover ensures that the funds currently held by the State Bank of Pakistan remain available to reinforce the country’s foreign exchange reserves during a […]
New Raast P2M Service Simplifies Digital Payments for Businesses
The State Bank of Pakistan (SBP) has launched a new Raast Person-to-Merchant (P2M) payment service, making it easier for businesses to accept digital payments. This move is expected to significantly boost digital payment adoption in Pakistan. Seamless Payment Options: Merchants can now accept payments through various modes, including QR codes, mobile phone numbers (Raast Alias), […]