SBP Issues BPRD Circular No. 03 of 2026: Master Licensing Handbook for Banks, Digital Banks, EMIs, and Fintechs
The State Bank of Pakistan has notified BPRD Circular No. 03 of 2026, consolidating licensing, in-principle approval, and operational authorization frameworks for commercial banks, digital retail banks, EMIs, PSOs, and credit bureaus under Section 4C(h) of the SBP Act.









































































































































