The State Bank of Pakistan (SBP) has granted exchange companies permission to use Virtual Private Networks (VPNs) for securing crucial operations, including currency exchange, remittances, and utility bill payments.
This decision aims to enhance the security and efficiency of these operations, which require a secure network connection.
The SBP emphasized that all exchange companies must follow the prescribed rules and regulations to ensure the protection of data and network security while using VPNs.
The move is expected to bring more convenience and security to the daily functions of exchange companies, fostering a safer environment for financial transactions.
As Eid-ul-Fitr 2025 approaches, Pakistanis are eager to collect fresh currency notes for the tradition of distributing Eidi – a Muslim tradition of gifting cash to children and family members by older relatives or family friends.
However, securing new notes has often been a challenge for citizens.
To facilitate the public, the State Bank of Pakistan (SBP) has distributed Rs 27 billion worth of fresh banknotes across 17,000 commercial bank branches nationwide.
Till now, no special system has been introduced for note distribution by the central bank, however, the citizens can visit their respective banks with their CNIC and obtain fresh currency on a first-come, first-served basis.
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The SBP has deployed cash monitoring teams to ensure smooth distribution, while ATMs will provide clean and quality notes throughout the festive period.
