RegAlert
2026-08-20 | IFPD Circular No. 02 of 2026

Added · Updated

SBP’s Regulations and Instructions – Changes

All Banks, MFBs, and DFIs must interpret SBP regulations, instructions, and manual terms concurrently with their corresponding Shariah-compliant alternatives. This requirement applies to other SBP regulations, instructions, and manual chapters not listed in Annexure-I and Annexure-II, insofar as they pertain to Islamic banking. The instructions are restricted to the extent of insertions or Shariah alternatives stated in Annexure-III, while other contents remain unchanged. Recipients must acknowledge receipt. The document references penalties for prepayment or late-payment and reporting requirements for the private sector under the regulatory framework for climate-related financial risks.

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IFPD Circular No. 02 — August 20, 2026

The Presidents/Chief Executives
All Banks/ MFBs/ DFIs

Dear Sir/Madam,

SBP’s Regulations and Instructions – Changes

In line with SBP Vision 2028, and to bring the existing regulatory framework in conformity with Shariah principles, certain changes have been made in the existing SBP regulations, instructions and Foreign Exchange (FE) manual. The lists of these regulations, instructions, and relevant chapters of FE manual are enclosed herewith as Annexure-I andAnnexure-II, respectively**.** The changes are outlined in Annexure-III. Accordingly, all the mentioned terms in the enclosed SBP regulations, instructions and manual shall be interpreted concurrently with their corresponding Shariah-compliant alternatives. These changes shall also apply to other SBP regulations, instructions and chapters of the manual not listed in Annexure-I and Annexure-II, as far as they pertain to Islamic banking.

  1. Further, above instructions are restricted only to the extent of the insertions/Shariah alternatives stated in Annexure-III. The other contents in SBP regulations, instructions and manual shall remain unchanged.

  2. Please acknowledge receipt.

Enclosed:

Yours sincerely,

Dr. Zahid Ur Rehman Khokher
Director

Annexure-I: List of SBP's Regulations and Instructions

1
Annexure-I
List of SBP’s Regulations and Instructions S. No. Circular/Regulation Subject Weblink Banking Policy & Regulations Department 1 BPRD Circular Letter No. Risk Weight for Unrated Large Corporate Borrowers https://www.sbp.org.pk/circulars/bprd-circular-letter-no-16-of-2026 2 BPRD Circular No. 04 of 2025 Business Conduct and Fair Treatment of Consumers Regulatory Framework (BC&FRF) https://www.sbp.org.pk/circulars/bprd-circular-no-04-of-2025 3 BPRD Circular No. 03 of 2025 Basel Capital Adequacy Framework:
Revised Instructions for Credit Risk (Standardized Approach) https://www.sbp.org.pk/circulars/bprd-circular-no-03-of-2025 4 BPRD Circular No. 02 of 2025 Regulatory Framework on Recovery Planning https://www.sbp.org.pk/circulars/bprd-circular-no-02-of-2025 5 BPRD Circular No. 01 of 2025 Consolidated Customer Onboarding Framework https://www.sbp.org.pk/circulars/bprd-circular-no-01-of-2025 6 BPRD Circular Letter No. 20 of 2025 Implementation Of International Financial Reporting Standard 9 (IFRS 9) https://www.sbp.org.pk/circulars/bprd-circular-letter-no-20-of-2025 7 BPRD Circular Letter No. Implementation of International Financial Reporting Standard 9 (IFRS 9) https://www.sbp.org.pk/circulars/bprd-circular-letter-no-01-of-2025 8 BPRD Circular No. 03 of 2024 Guidelines – Non-Performing Loans (NPLs) Management Strategy https://www.sbp.org.pk/circulars/bprd-circular-no-03-of-2024 9 BPRD Circular No. 02 of 2024 Charging-Off Loans, Advances and Finances https://www.sbp.org.pk/circulars/bprd-circular-no-02-of-2024 10 BPRD Circular Letter No. Implementation of International Financial Reporting Standard 9 (IFRS 9) https://www.sbp.org.pk/circulars/bprd-circular-letter-no-16-of-2024 11 BPRD Circular Letter No. Guidelines – Transfer and Assignment of Non-Performing Assets (NPAs) to https://www.sbp.org.pk/circulars/bprd-circular-letter-no-15-of-2024

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S. No. Circular/Regulation Subject Weblink Corporate Restructuring Companies (CRCs) 12 BPRD Circular Letter No. Format of Annual Financial Statements of Banks/DFIs https://www.sbp.org.pk/circulars/bprd-circular-letter-no-13-of-2024 13 BPRD Circular No. 04 of 2023 Measures to Enhance Security of Digital Banking Products and Services https://www.sbp.org.pk/circulars/bprd-circular-no-04-of-2023 14 BPRD Circular No. 03 of 2023 Format for Annual and Interim Financial Statements of Microfinance Banks (MFBS) https://www.sbp.org.pk/circulars/bprd-circular-no-03-of-2023 15 BPRD Circular No. 02 of 2023 Format of Annual and Interim Financial Statements of Banks/DFIs https://www.sbp.org.pk/circulars/bprd-circular-no-02-of-2023 16 BPRD Circular No. 03 of 2022 Implementation of International Financial Reporting Standard 9 (IFRS 9) https://www.sbp.org.pk/circulars/bprd-circular-no-03-of-2022 17 BPRD Circular No. 01 of 2022 Licensing and Regulatory Framework for Digital Banks https://www.sbp.org.pk/circulars/bprd-circular-no-01-of-2022 18 BPRD Circular Letter No. Anti-Money Laundering, Combating the Financing of Terrorism & Countering Proliferation Financing (AML/ CFT/CPF) Regulations https://www.sbp.org.pk/circulars/bprd-circular-letter-no-33-of-2022 19 BPRD Circular Letter No. Prudential Regulations for Consumer Financing https://www.sbp.org.pk/circulars/bprd-circular-letter-no-29-of-2021 20 BPRD Circular No. 02 of 2020 Basel Capital Adequacy Framework:
Consideration of FCY Subordinated
Debt from Foreign Sponsors as
Additional Tier-1 (ADT-1) Capital https://www.sbp.org.pk/circulars/bprd-circular-no-02-of-2020 21 BPRD Circular Letter No. Treatment of Risk Sharing Facility - Low Cost Housing Finance https://www.sbp.org.pk/circulars/bprd-circular-letter-no-36-of-2020

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S. No. Circular/Regulation Subject Weblink 22 BPRD Circular Letter No. Amendments in Regulation R-8 of Prudential Regulations for Consumer Financing https://www.sbp.org.pk/circulars/bprd-circular-letter-no-26-of-2020 23 BPRD Circular No. 06 of 2019 Framework for Risk Management in Outsourcing Arrangements by Financial Institutions https://www.sbp.org.pk/circulars/bprd-circular-no-06-of-2019 24 BPRD Circular No. 08 of 2019 Anti-Money Laundering and Combating the Financing of Terrorism Guidelines on Risk Based Approach for Banks/DFIs/MFBs https://www.sbp.org.pk/circulars/bprd-circular-no-08-of-2019 25 BPRD Circular No. 10 of 2019 Branchless Banking Regulations for Financial Institutions https://www.sbp.org.pk/circulars/bprd-circular-no-10-of-2019 26 BPRD Circular Letter No. Amendment in Regulation R-1 of Prudential Regulations for Corporate/ Commercial Banking - Large Exposure Limit https://www.sbp.org.pk/circulars/bprd-circular-letter-no-11-of-2017 27 BPRD Circular No. 05 of 2017 Enterprise Technology Governance & Risk Management Framework for Financial Institutions https://www.sbp.org.pk/circulars/bprd-circular-no-05-of-2017 28 BPRD Circular No. 07 of 2017 Guidelines on Compliance Risk Management https://www.sbp.org.pk/circulars/bprd-circular-no-07-of-2017 29 BPRD Circular No. 13 of 2016 Regulation R-8 of Prudential Regulations for Corporate/ Commercial Banking– Rescheduling/Restructuring & Income Recognition https://www.sbp.org.pk/circulars/bprd-circular-no-13-of-2016 30 BPRD Circular No. 08 of 2016 Implementation of Basel III – Liquidity Standards https://www.sbp.org.pk/circulars/bprd-circular-no-08-of-2016

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S. No. Circular/Regulation Subject Weblink 31 BPRD Circular No. 01 of 2016 Regulations for Debt Property Swap https://www.sbp.org.pk/circulars/bprd-circular-no-01-of-2016 32 BPRD Circular No. 02 of 2015 Issuance of Certificate of Investments for 30 Days Maturity By DFIs https://www.sbp.org.pk/circulars/bprd-circular-no-02-of-2015 33 BPRD Circular No. 07 of 2015 Framework for External Audit Function https://www.sbp.org.pk/circulars/bprd-circular-no-07-of-2015 34 BPRD Circular Letter No. Fraud Risk Management and Reporting https://www.sbp.org.pk/circulars/bprd-circular-letter-no-06-of-2015 35 BPRD Circular Letter No. Risk weight for Unrated Large Corporates – Implementation of Basel Capital Framework https://www.sbp.org.pk/circulars/bprd-circular-letter-no-02-of-2015 36 BPRD Circular No. 12 of 2014 Writing-Off of Irrecoverable Loans, Advances or Financing - Consumer Financing https://www.sbp.org.pk/circulars/bprd-circular-no-12-of-2014 37 BPRD Circular No. 11 of 2014 Capital Adequacy Related Disclosure Requirements under Basel III Implementation https://www.sbp.org.pk/circulars/bprd-circular-no-11-of-2014 38 BPRD Circular No. 04 of 2014 Implementation of Operational Risk Management Framework https://www.sbp.org.pk/circulars/bprd-circular-no-04-of-2014 39 BPRD Circular No. 03 of 2014 Fraud Risk Management and Reporting https://www.sbp.org.pk/circulars/bprd-circular-no-03-of-2014 40 BPRD Circular Letter No. Reference against Willful Defaulters under Section 31-D of National Accountability Ordinance, 1999 (NAO) https://www.sbp.org.pk/circulars/bprd-circular-letter-no-40-of-2014 41 BPRD Circular Letter No. Writing Off of Irrecoverable Loans and Advances https://www.sbp.org.pk/circulars/bprd-circular-letter-no-34-of-2014 42 BPRD Circular No. 06 of 2013 Implementation of Basel III Capital Instructions https://www.sbp.org.pk/circulars/bprd-circular-no-06-of-2013

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S. No. Circular/Regulation Subject Weblink 43 BSD Circular No. 01 of 2013 Internal Credit Risk Rating System – Retail Portfolio https://www.sbp.org.pk/circulars/bsd-circular-no-1-of-2013 44 BSD Circular No. 03 of 2012 ICAAP Reporting Template https://www.sbp.org.pk/circulars/bsd-circular-no-3-of-2012 45 BPRD Circular Letter No. Deduction of Insurance Premium and Other Charges in Excess of Actual Cost or the Amount Paid to Service Providers https://www.sbp.org.pk/circulars/bprd-circular-letter-no-21-of-2010 46 BPRD Circular Letter No. Deduction of Insurance Premium and Other Charges in Excess of Actual Cost or the Amount Paid to Service Providers https://www.sbp.org.pk/circulars/bprd-circular-letter-no-05-of-2010 47 BPRD Circular No. 05 of 2009 Policy for Opening of Overseas Offices & Establishment of a Subsidiary Banking Company outside Pakistan https://www.sbp.org.pk/circulars/bprd-circular-no-05-of-2009 48 BPRD Circular Letter No. Pricing of Lending Products and Loan Documentation https://www.sbp.org.pk/circulars/bprd-circular-letter-no-33-of-2008 49 BSD Circular No. 08 of 2007 Guidelines On Internal Credit Risk Rating Systems in Banks/DFIs https://www.sbp.org.pk/circulars/bsd-circular-no-08-of-2007 50 BPRD Circular No. 06 of 2007 Writing Off of Irrecoverable Loans and Advances https://www.sbp.org.pk/circulars/bprd-circular-no-06-of-2007 51 BPRD Circular No. 05 of 2007 Master Circular on Security Standards For Enhancement of Security of The Lockers https://www.sbp.org.pk/circulars/bprd-circular-no-05-of-2007 52 BSD Circular No. 03 of 2007 Policy Framework in Banks / DFIs https://www.sbp.org.pk/circulars/bsd-circular-no-03-of-2007 53 BPD Circular Letter No. Appropriate Utilization of Loan Proceeds https://www.sbp.org.pk/circulars/bpd-circular-letter-no-14-of-2006

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S. No. Circular/Regulation Subject Weblink 54 BPD Circular Letter No. Benchmarking of Corporate Lending Products To KIBOR https://www.sbp.org.pk/circulars/bpd-circular-letter-no-04-of-2006 55 BPD Circular No. 31 of 2005 Guidelines For Higher Education Financing Scheme (HEFS) https://www.sbp.org.pk/circulars/bpd-circular-no-31-of-2005 56 BPD Circular No. 1 of 2004 Benchmarking Corporate Lending Products To KIBOR https://www.sbp.org.pk/circulars/bpd-circular-no-1-of-2004 57 BSD Circular No. 03 of 2004 Guidelines On Country Risk https://www.sbp.org.pk/circulars/bsd-circular-no-03-of-2004 58 BPD Circular Letter No. Reference Against Willful Defaulters under Section 31-D of NA Ordinance https://www.sbp.org.pk/circulars/bpd-circular-letter-no-36-of-2004 59 BPD Circular Letter No. Personal Loans for Purchase of Consumer Durables Including Personal Computers https://www.sbp.org.pk/circulars/bpd-circular-letter-no-27-of-2004 60 BSD Circular Letter No. Position of Non-Performing Loans (NPLs) Quarterly Report of Condition https://www.sbp.org.pk/circulars/bsd-circular-letter-no1-of-2004 61 BPD Circular No. 28 of 2003 Guidelines on Commercial Paper https://www.sbp.org.pk/circulars/bpd-circular-no-28-of-2003 62 BSD Circular No. 07 of 2003 Guidelines on Risk Management https://www.sbp.org.pk/circulars/bsd-circular-no-7-of-2003 63 BSD Circular Letter No. Personal Guarantee of Private Limited Company https://www.sbp.org.pk/circulars/bsd-circular-letter-no21-of-2001 Agriculture Credit & Financial Inclusion Department 64 ACFID Circular Letter No. 01 of 2026 Revised Crop Loan Insurance Scheme 'CLIS+' https://www.sbp.org.pk/circulars/acfid-circular-letter-no-01-of-2026 65 ACFID Circular No. 03 of 2025 Climate Risk Fund - I under the World Bank funded RAM Project https://www.sbp.org.pk/circulars/acfid-circular-no-03-of-2025 66 ACFID Circular No. 02 of 2025 Risk Coverage Scheme for Small Farmers and Underserved Areas https://www.sbp.org.pk/circulars/acfid-circular-no-02-of-2025

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S. No. Circular/Regulation Subject Weblink 67 ACFID Circular No. 01 of 2025 Revised Prudential Regulations (PRs) for Microfinance Banks https://www.sbp.org.pk/circulars/acfid-circular-no-01-of-2025 68 ACFID Circular Letter No. National Subsistence Farmers Support Initiative (NSFSI) under Risk Coverage Scheme for Small Farmers and Underserved Areas https://www.sbp.org.pk/circulars/acfid-circular-letter-no-01-of-2025 69 ACFID Circular Letter No. Streamlining of Agricultural Lending Procedures and Documentation https://www.sbp.org.pk/circulars/acfid-circular-letter-no-02-of-2024 70 ACFID Circular Letter No. Amendment in Prudential Regulations for Agriculture Financing - Regulation￾R-7 Credit Analysis and Other Conditions https://www.sbp.org.pk/circulars/acfid-circular-letter-no-01-of-2024 71 AC&MFD Circular No. 04 of 2022 Markup Subsidy and Risk Sharing Scheme for Farm Mechanization (MSRSSFM) https://www.sbp.org.pk/circulars/acmfd-circular-no-04-of-2022 72 AC&MFD Circular No. 03 of 2022 Markup Waiver and Financing Schemes for Farmers in Rain/Flood Affected Areas Under Kissan Package- 2022 https://www.sbp.org.pk/circulars/acmfd-circular-no-03-of-2022 73 AC&MFD Circular Letter No. 01 of 2022 Revision of Indicative Credit Limits for Agriculture Financing https://www.sbp.org.pk/circulars/acmfd-circular-letter-no-01-of-2022 74 AC&MFD Circular No. 1 of 2021 Banking on Equality Policy https://www.sbp.org.pk/circulars/acmfd-circular-no-01-of-2021 75 AC&MFD Circular Letter No. 02 of 2015 Revision in Agricultural Credit Returns https://www.sbp.org.pk/circulars/acmfd-circular-letter-no-02-of-2015 76 AC&MFD Circular Letter No. 01 0f 2015 Changes in Section 4.8 of Guidelines for Value Chain Contract Farmer Financing https://www.sbp.org.pk/circulars/acmfd-circular-letter-no-01-of-2015 77 AC&MFD Circular No. 01 of 2013 Livestock Insurance Scheme for Borrowers https://www.sbp.org.pk/circulars/acmfd-circular-no-01-of-2013

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S. No. Circular/Regulation Subject Weblink 78 ACD Circular No. 02 of 2010 Streamlining of Agricultural Lending Procedures and Documentation https://www.sbp.org.pk/circulars/acd-circular-no-02-of-2010 79 ACD Circular Letter No. Amendments in Revolving Credit Scheme (RCS) for Agriculture https://www.sbp.org.pk/circulars/acd-circular-letter-no-01-of-2009 80 ACD Circular No. 03 of 2008 Guidelines on Poultry Financing https://www.sbp.org.pk/circulars/acd-circular-no-03-of-2008 81 ACD Circular No. 01 of 2008 Financing Scheme For Small Farmers https://www.sbp.org.pk/circulars/acd-circular-no-01-of-2008 82 ACD Circular No. 06 of 2007 Guidelines on Horticulture Financing https://www.sbp.org.pk/circulars/acd-circular-no-06-of-2007 83 ACD Circular No. 05 of 2007 Guidelines on e-Passbooks https://www.sbp.org.pk/circulars/acd-circular-no-05-of-2007 84 ACD Circular No. 01 of 2007 Guidelines for Fisheries Financing https://www.sbp.org.pk/circulars/acd-circular-no-01-of-2007 85 ACD Circular No. 01 of 2006 Guidelines for Livestock Financing https://www.sbp.org.pk/circulars/acd-circular-no-01-of-2006 86 ACD/2096-2116/PD (P)- 08/2003 Agricultural Loans Scheme￾Comprehensive Circular https://www.sbp.org.pk/circulars/no-acd-2096-2116-pd-p-082003 SME, Housing & Sustainable Finance Department 87 SH&SFD Circular No. 02 of 2026 Facilitation in Implementation of Wazir-e-Azam's Apna Ghar Program￾Ghar Ho Tu Apna https://www.sbp.org.pk/circulars/shsfd-circular-no-02-of-2026 88 SH&SFD Circular Letter No. 01 of 2026 Markup Subsidy and Risk Sharing Scheme for Affordable Housing Finance https://www.sbp.org.pk/circulars/shsfd-circular-letter-no-01-of-2026

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S. No. Circular/Regulation Subject Weblink 89 SH&SFD Circular No. 07 of 2025 Regulatory Framework for Effective Management of Climate-related Financial Risks https://www.sbp.org.pk/circulars/shsfd-circular-no-07-of-2025 90 SH&SFD Circular No. 04 of 2025 Cost Sharing Scheme for Electric Bikes and Rickshaws/Loaders https://www.sbp.org.pk/circulars/shsfd-circular-no-04-0f-2025 91 SH&SFD Circular No. 03 of 2025 Mera Ghar - Mera Ashiana Markup Subsidy and Risk Sharing Scheme for Affordable Housing Finance https://www.sbp.org.pk/circulars/shsfd-circular-no-03-of-2025 92 SH&SFD Circular No. 02 of 2025 Reporting of Private Sector Commodity Financing Data on Data Acquisition Portal (DAP) https://www.sbp.org.pk/circulars/shsfd-circular-no-02-of-2025 93 SH&SFD Circular No. 01 of 2025 Prime Minister's Youth Business & Agriculture Loan Scheme (PMYB&ALS) Inclusion of Tier-4 https://www.sbp.org.pk/circulars/shsfd-circular-no-01-of-2025 94 SH&SFD Circular No. 05 of 2024 Challenge Fund for Technology Adoption & Digitalization of SME Banking https://www.sbp.org.pk/circulars/shsfd-circular-no-05-of-2024 95 SH&SFD Circular No. 03 of 2024 Amendment in Prudential Regulations for SME Financing https://www.sbp.org.pk/circulars/shsfd-circular-no-03-of-2024 96 SH&SFD Circular No. 02 of 2024 Risk Coverage Scheme for Small and Medium Enterprises (SMEs) https://www.sbp.org.pk/circulars/shsfd-circular-no-02-of-2024 97 SH&SFD Circular Letter No. 01 of 2023 Prime Minister's Youth Business & Agriculture Loan Scheme (PMYB&ALS) https://www.sbp.org.pk/circulars/shsfd-circular-letter-no-1-of-2023 98 IH&SMEFD Circular No. Prime Minister's Youth Business & Agriculture Loan Scheme (PMYB&ALS) https://www.sbp.org.pk/circulars/ihsmefd-circular-no-12-of-2022 99 IH&SMEFD Circular Letter No. 12 of 2022 Environmental & Social Risk Management (ESRM) Implementation Manual for Financial Institutions https://www.sbp.org.pk/circulars/ihsmefd-circular-letter-no-12-of-2022

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S. No. Circular/Regulation Subject Weblink 100 IH&SMEFD Circular Letter No. 04 of 2022 Mandatory Targets for Housing and Construction Finance https://www.sbp.org.pk/circulars/ihsmefd-circular-letter-no-04-of-2022 101 IH&SMEFD Circular No. Green Banking Guidelines (GBG) https://www.sbp.org.pk/circulars/ihsmefd-circular-no-08-of-2017 102 IH&SMEFD Circular No. Guidelines for Financing of Housing Units in under-Construction Projects https://www.sbp.org.pk/circulars/ihsmefd-circular-no-10-of-2021 103 IH&SMEFD Circular No. Mandatory Targets for Housing and Construction Finance https://www.sbp.org.pk/circulars/ihsmefd-circular-no-04-of-2021 104 IH&SMEFD Circular No. Exemptions/Relaxations in Prudential Regulations for Low Cost Housing Finance https://www.sbp.org.pk/circulars/ihsmefd-circular-no-04-of-2019 105 IH&SMEFD Circular No. Revised Prudential Regulations for Housing Finance https://www.sbp.org.pk/circulars/ihsmefd-circular-no-03-of-2017 106 IH&SMEFD Circular No. Guidelines for Financing Housing Builders/Developers https://www.sbp.org.pk/circulars/ihsmefd-circular-no-02-of-2014 Payment Systems Policy & Oversight Department 107 PSP&OD Circular No 03 of 2023 Regulations for Electronic Money Institutions https://www.sbp.org.pk/circulars/pspod-circular-no-03-of-2023 108 PSP&OD Circular No 02 of 2023 Digital Payment Services to Unauthorized Digital Lending Apps https://www.sbp.org.pk/circulars/pspod-circular-no-02-of-2023 109 PSD Circular Letter No.1 of 2021 Provision of Repayment Facility to Bank Borrowers on Alternate Delivery Channels (ADCs) https://www.sbp.org.pk/circulars/psd-circular-letter-no-01-of-2021 110 PSD Circular No. 2 of 2020 Measures to Limit the Spread of Corona Virus (COVID-19) by Promoting the use of Digital Payment Services https://www.sbp.org.pk/circulars/psd-circular-no-02-of-2020 111 PSD Circular No. 2 of 2018 New PRISM Operating Rules (PORs) https://www.sbp.org.pk/circulars/psd-circular-no-02-of-2018

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S. No. Circular/Regulation Subject Weblink 112 PSD Circular No.1 of 2009 Operational Guidelines for Credit Card Business in Pakistan https://www.sbp.org.pk/circulars/psd-circular-no-1-2009 Domestic Markets & Monetary Management Department 113 DMMD Circular No. 01 of 2026 Maintenance of Cash Reserve Requirement (CRR) https://www.sbp.org.pk/circulars/dmmd-circular-no-01-of-2026 Consumer Protection Department 114 BC&CPD Circular No. 07 of 2021 Dispute Resolution Mechanism for Licensed Credit Bureaus https://www.sbp.org.pk/circulars/bc-cpd-circular-no-07-of-2021 115 BC&CPD Circular No. 06 of 2021 Master Circular on Electronic Credit Information Bureau (ECIB) of State Bank of Pakistan https://www.sbp.org.pk/circulars/bc-cpd-circular-no-06-of-2021 Prudential Regulations 116 Prudential Regulations for Corporate/ Commercial Banking https://www.sbp.org.pk/assets/documents/laws_regulations/PRs-IPF-June-24.pdf 117 Revised Prudential Regulations for Consumer Financing https://www.sbp.org.pk/assets/documents/laws_regulations/PRs-Consumer.pdf 118 Prudential Regulations for Agriculture Financing https://www.sbp.org.pk/assets/documents/laws_regulations/PRsAgriApproved.pdf 119 Prudential Regulations for Microfinance Banks https://www.sbp.org.pk/assets/documents/laws_regulations/PRs-Microfinance-Banks-2025.pdf 120 Prudential Regulations for Housing Finance https://www.sbp.org.pk/assets/documents/circulars/SHSFD-C4-2026-Annex.pdf 121 Prudential Regulations for Infrastructure Project Financing https://www.sbp.org.pk/assets/documents/laws_regulations/PRs-IPF.pdf 122 Prudential Regulations for Small & Medium Enterprises Financing https://www.sbp.org.pk/assets/documents/laws_regulations/Updated_Prudential_Regulations_for_SME_Financing-July_16_2026.pdf

Annexure-II: List of Chapters of the Foreign Exchange (FE) Manual

Annexure-II
1
List of Chapters of the Foreign Exchange (FE) Manual S. No.
Chapter
No.
Subject Weblink

  1. Chapter 4 Forward Exchange Facilities https://www.sbp.org.pk/assets/document/Chapter-4-foreign-exchange-manual.pdf
  2. Chapter 5 Nostro Accounts & Foreign Exchange Exposure
    Limits of Authorized Dealers https://www.sbp.org.pk/assets/document/Chapter-5-foreign-exchange-manual.pdf
  3. Chapter 6 Private Foreign Currency Accounts https://www.sbp.org.pk/assets/document/Chapter-6-foreign-exchange-manual.pdf
  4. Chapter 8 Non-Resident Rupee Accounts https://www.sbp.org.pk/assets/document/Chapter-8-foreign-exchange-manual.pdf
  5. Chapter 10 Inward and Outward Remittances https://www.sbp.org.pk/assets/document/Chapter-10-foreign-exchange-manual.pdf
  6. Chapter 12 Exports https://www.sbp.org.pk/assets/document/Chapter-12-foreign-exchange-manual.pdf
  7. Chapter 13 Imports https://www.sbp.org.pk/assets/document/Chp-13-foreign-exchange-manual.pdf
  8. Chapter 14 Commercial Remittances https://www.sbp.org.pk/assets/document/Chp-14-foreign-exchange-manual.pdf
  9. Chapter 15 Insurance Business https://www.sbp.org.pk/assets/document/Chapter-15-foreign-exchange-manual.pdf
  10. Chapter 16 Private Remittances https://www.sbp.org.pk/assets/document/Chapter-16-foreign-exchange-manual.pdf
  11. Chapter 17 Travel https://www.sbp.org.pk/assets/document/Chapter-17-foreign-exchange-manual.pdf
  12. Chapter 19 Loans, Overdrafts and Guarantees https://www.sbp.org.pk/assets/document/Chapter-19-foreign-exchange-manual.pdf
  13. Chapter 20 Securities https://www.sbp.org.pk/assets/document/Chapter-20-foreign-exchange-manual.pdf
  14. Chapter 22 Returns of All Foreign Exchange Transactions https://www.sbp.org.pk/assets/document/Chapter-22-foreign-exchange-manual.pdf

Annexure-III: Shariah Compliant Alternatives for Identified Terms

Annexure-III
1
Shariah Compliant Alternatives for Identified Terms S. No. Term Insertion to be read as/with Shariah compliant alternative

  1. Borrow Borrow/Avail financing
  2. Borrower Borrower/Obligor
  3. Borrowing Borrowing/Financing
  4. Coupon Coupon/Profit coupon
  5. Debt security Debt security/Shariah compliant security
  6. Debt service Debt service/Repayment against financing
  7. Insurance Insurance/Takaful
  8. Interest Return
  9. Lend Lend/Finance
  10. Lender Lender/Financer
  11. Lending Lending/Financing
  12. Loan Loan/Financing
  13. Penalty Penalty/Charges
  14. Premium Premium/Contribution
  15. Prepayment/late-payment
    penalties
    Prepayment/ late-payment penalties or charges
  16. Reinsurance Reinsurance/Re-takaful
  17. Repo Repo/Shariah compliant alternative to repo
  18. Retirement of debt Retirement of debt/Settlement of financing
    facility
  19. Reverse Repo Reverse Repo/Shariah compliant alternative
    to reverse repo
  20. TFC TFC/Sukuk
  21. Treasury Bills, PIBs, Bonds Treasury Bills, PIBs, Bonds/Sukuk & Shariah
    compliant alternative securities

Read the rest free

Source: State Bank of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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