SBP calls for collaboration to accelerate Islamic and digital banking transformation

Senior representatives from the State Bank of Pakistan (SBP) and commercial banks have underscored the need for deeper collaboration between regulators, banks, and technology partners to accelerate Islamic and digital banking transformation in Pakistan. Speaking at “NextGen Islamic Banking in Pakistan – 2025,” an exclusive forum hosted by TMC Pvt. Ltd. and Azentio Software in Karachi, they called for steps enabling financial institutions across Pakistan to modernize their operations, meet evolving regulatory requirements, and accelerate their Islamic banking transformation. “Pakistan’s banking future depends on how well we integrate innovation, compliance, and inclusivity. The State Bank’s Vision 2025 aims to shape a financial ecosystem that is Shariah-compliant, digitally empowered, and accessible to all segments of society.