State Bank Colony is a government-backed residential neighborhood originally developed for State Bank of Pakistan employees. It features low-rise plots and flats with basic utilities and a modest community environment. The colony offers affordable pricing and strategic location, providing easy access to Ichhra's commercial markets, Lahore Railway Station, and major arterial routes.
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The State Bank of Pakistan (SBP) has confirmed the receipt of a $2 billion deposit from Saudi Arabia as part of a broader financial support package aimed at stabilizing the economy. In a related development, Pakistan has also successfully repaid a $2 billion loan to the United Arab Emirates following the maturity of SAFE deposits held with the SBP. These transactions are critical for maintaining the country's foreign exchange reserves and meeting external financial commitments.
The State Bank of Pakistan (SBP) has announced key reforms to streamline operations for the IT and freelance export sector. The measures include eliminating the repetitive Form R requirement per transaction, introducing a one-time declaration for exporters, mandating foreign payments to be processed within one working day, and raising the Form R threshold to $25,000. The reforms aim to simplify compliance, accelerate foreign inflows, and boost Pakistan's digital economy.
In a significant policy shift, the State Bank of Pakistan (SBP) has allowed banks to open accounts for licensed cryptocurrency companies and their users. The move aims to bring crypto transactions into a regulated banking system, requiring full compliance with AML/KYC rules, mandating separate client money accounts, and prohibiting cash deposits or withdrawals. This marks a move away from a ban towards establishing a legal structure for crypto activities in Pakistan.
The State Bank of Pakistan has launched a new housing-finance scheme offering loan amounts ranging from PKR 2 million to PKR 3.5 million to support the purchase and construction of affordable homes. This initiative is part of broader efforts to promote home ownership, though questions have been raised about the adequacy of these loan amounts given current skyrocketing property and construction costs in the market.