Tag: SBP
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Navigating the Legal Framework: Challenges in Pakistan’s Islamic Banking Sector
Introduction Islamic banking in Pakistan has grown rapidly as lenders seek Sharia-compliant solutions that replace conventional interest-based products with asset-backed and risk-sharing structures. While the sector presents clear benefits—financial inclusion for a broader population, ethical investing, and stable funding models—it also faces a series of legal and regulatory hurdles. Understanding the legal framework and its…
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Navigating Legal Frontiers: Islamic Banking in Pakistan and Its Framework Challenges
Understanding the Rise of Islamic Banking in Pakistan Islamic banking has grown rapidly in Pakistan, driven by demand for Sharia-compliant financial products and a broader commitment to ethical finance. While the sector offers asset-backed lending, profit-and-loss sharing, and avoidance of interest, its sustained expansion depends on a stable, clear legal framework. This article examines the…
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Islamic Banking in Pakistan: Legal Framework Challenges and Opportunities
Overview of Islamic Banking in Pakistan Islamic banking in Pakistan has emerged as a robust segment of the financial system, guided by Sharia principles that avoid interest and emphasize asset-backed, risk-sharing transactions. The sector has grown rapidly in the past decade, driven by demand from both consumers and businesses seeking compliant financial services. Yet with…
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Pakistan’s December 2025 Current Account Deficit: What the Numbers Mean
Overview: A Deficit in December 2025 Pakistan’s current account shifted into a deficit of $244 million in December 2025, according to data released by the State Bank of Pakistan (SBP). This marks a notable reversal from the previous month, when the current account posted a ₹? surplus of $100 million, underscoring a month-to-month swing that…
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Pakistan’s December 2025 Current Account Deficit: What It Signals for the Economy
Overview: A Deficit After a Brief Surplus Pakistan’s current account posted a deficit of $244 million in December 2025, according to data released by the State Bank of Pakistan (SBP). This marks a sharp reversal from the previous month, when the current account had a surplus of around $100 million. The December reading suggests renewed…
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Pakistan’s Current Account Deficit in December 2025 Signals Worsening External Position
Pakistan’s December 2025 Current Account: A Deficit Reversing a Brief Surplus The State Bank of Pakistan (SBP) reported a current account deficit of $244 million for December 2025, marking a sharp reversal from the prior month’s modest surplus of $100 million. The December figure adds to a narrative of a fragile external balance as the…
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IMF staff-level agreement with Pakistan expected soon: Report
Overview: IMF ties close to Pakistan’s external accounts and flood losses Pakistan is nearing the finalisation of a staff-level agreement (SLA) with the International Monetary Fund (IMF), the Dawn newspaper reported. The deal hinges on consensus around the country’s external account and the verification of flood-related losses, as well as how these will be reflected…
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Pakistan Moves Closer to IMF SLA Amid Flood Losses
Pakistan Inches Toward IMF Staff-Level Agreement as Flood Losses Are Tallied Pakistan is edging closer to finalising a staff-level agreement (SLA) with the International Monetary Fund (IMF), with the talks focused on the external account, verified flood-related losses, and the necessary fiscal adjustments across central and provincial accounts. The progress comes as the country prepares…
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RCCI Advocates for Significant Policy Rate Cut by SBP
RCCI Calls for Policy Rate Reduction The Rawalpindi Chamber of Commerce and Industry (RCCI) is making headlines this week as it urges the State Bank of Pakistan (SBP) to consider a substantial reduction in the policy rate. In a formal recommendation, RCCI has suggested that the SBP cut the policy rate by at least 3%…
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RCCI Advocates for Policy Rate Cut in Pakistan
Understanding the RCCI’s Recommendation The Rawalpindi Chamber of Commerce and Industry (RCCI) has made a bold recommendation to the State Bank of Pakistan (SBP) for a significant cut in the policy rate. The chamber has pointed out that a reduction of at least 3% could potentially stimulate economic activity and foster financial stability within the…