State Bank of Pakistan SBP
Source pages
Who they are
Pakistan's central bank, a body corporate established under the State Bank of Pakistan Act, 1956. Its primary statutory objective is domestic price stability, with contribution to financial system stability second.
What they do
Sets monetary and exchange rate policy and licenses, regulates and supervises scheduled banks and other financial institutions, including their resolution and macroprudential measures. It also operates and oversees payment systems, manages the country's reserves and issues the currency.
Key laws & regulations issued
- Guideline Guidelines on Climate Stress Testing (FSD Circular No. 01 of 2025) 2025
- Circular Pakistan Green Taxonomy (SH&SFD Circular No. 06 of 2025) 2025
- Circular Framework on Outsourcing to Cloud Service Providers (BPRD Circular No. 01 of 2023) 2023
- Circular Framework for Risk Management in Outsourcing Arrangements by Financial Institutions (BPRD Circular No. 06 of 2019) 2019
- Regulation Regulations for Electronic Money Institutions (EMIs) 2019
- Circular Enterprise Technology Governance & Risk Management Framework for Financial Institutions (BPRD Circular No. 05 of 2017) 2017
- Act Payment Systems and Electronic Fund Transfers Act, 2007 2007
- Act The State Bank of Pakistan Act, 1956 1956
- Regulation Anti-Money Laundering, Combating the Financing of Terrorism & Countering Proliferation Financing (AML/CFT/CPF) Regulations for State Bank of Pakistan's Regulated Entities (SBP-REs)
- Guideline Guidelines for Regulatory Sandbox
Enforcement by this regulator
| Date | Entity | Action | Penalty | Source |
|---|---|---|---|---|
| 2024 | Royal Exchange Company (exchange company) | Monetary Penalty | PKR 27,975,000 | official |
| 2024 | MCB Islamic Bank Limited (Islamic commercial bank) | Monetary Penalty | PKR 38,544,000 | official |
| 2024 | Meezan Bank Limited (Islamic commercial bank) | Monetary Penalty | PKR 106,200,000 | official |
| 2024 | Bank Al Habib Limited (commercial bank) | Monetary Penalty | PKR 117,239,000 | official |
| 2024 | Bank Alfalah Limited (commercial bank) | Monetary Penalty | PKR 187,652,000 | official |
| 2024 | Habib Bank Limited (commercial bank) | Monetary Penalty | PKR 143,376,000 | official |
| 2023 | Standard Chartered Bank Pakistan Limited (commercial bank) | Monetary Penalty | PKR 58,375,000 | official |
| 2023 | Habib Bank Limited (commercial bank) | Monetary Penalty | PKR 113,367,000 | official |
| 2023 | United Bank Limited (commercial bank) | Monetary Penalty | PKR 114,193,000 | official |
Deadlines owned by this regulator
| Due | Filing | Frequency | Industry | Source |
|---|---|---|---|---|
| 30 Jun 2027 | Annual macro stress test results including climate risks (D-SIBs)Domestic systemically important banks include climate risks in their annual macro stress testing, using 31 December audited financials, and submit the results through the ICAAP document to SBP by 30 June of the following year. | Annual | Banking | official |
Latest news
No news tagged to this regulator yet.