SBP & Raast
State Bank of Pakistan rules, Raast, IBFT and payment system changes.
SBP Payment Systems Review FY26: Digital Share Hits 92%
SBP's October 6 review puts digital channels at 92% of retail payment volume in FY26, up from 88% a year earlier.
Pension proof of life moves to NADRA Pak-ID; no dormant accounts
Federal pensioners now give proof of life through NADRA's Pak-ID app or NADRA channels every 180 days.
Mashreq Pakistan adds Raast P2M QR payments for merchants
Mashreq Pakistan says customers can pay by Raast QR and sole traders can accept Raast payments through NEOBiz.
SBP holds policy rate at 11.5% in September 2026 on a 7-3 vote
The State Bank of Pakistan kept its policy rate at 11.5% on September 14, 2026, in a 7-3 vote.
SBP fuel station card fee cap runs to January 2027, with Raast QR push
SBP capped card acceptance fees on fuel purchases until January 31, 2027 and told banks to enable Raast QR at pumps.
Raast is free for customers, and IBFT is free up to at least Rs25,000 a month. The rules behind both are on Raast, IBFT charges and IBFT vs Raast.