---
title: "SBP designates NIFT as a payment system operator"
description: "Most outlets reported that the State Bank of Pakistan (SBP) designated NIFT as a payment system operator under relevant regulatory provisions. Business Recorder highlighted the legal basis of the designation, while Profit added context about NIFT’s role in operating the nationwide cheque-clearing infrastructure."
url: https://harzaviya.com/stories/5838-sbp-designates-nift-as-payment-system-operator
site: HarZaviya
language: en
---

# SBP designates NIFT as a payment system operator

business · latest filing 1 Sep 2026, 1:32 PM PKT · 31 Aug – 1 Sep 2026 · 3 articles from 3 outlets over 2 developments

## How it developed

Newest development first. Each carries its own coverage and, where we have one, our summary of it.

### 1 Sep 2026 — SBP Designates NIFT As Payment System Operator (1 outlet)

- **ProPakistani** — [SBP Designates NIFT As Payment System Operator](https://propakistani.pk/2026/09/01/sbp-designates-nift-as-payment-system-operator/) · 1 Sep 2026, 1:32 PM PKT
  > SBP has designated National Institutional Facilitation Technologies (Private) Limited, or NIFT, as a Designated Payment System Operator under the Payment… Read More

### 31 Aug 2026 — SBP designates NIFT as a payment system operator (2 outlets)

> Most outlets reported that the State Bank of Pakistan (SBP) designated NIFT as a payment system operator under relevant regulatory provisions. Business Recorder highlighted the legal basis of the designation, while Profit added context about NIFT’s role in operating the nationwide cheque-clearing infrastructure.

- **Profit** — [SBP designates NIFT a key payment system operator under new regulatory framework](https://profit.pakistantoday.com.pk/2026/08/31/sbp-designates-nift-a-key-payment-system-operator-under-new-regulatory-framework) · 31 Aug 2026, 6:46 AM PKT
  > Firm runs nationwide cheque-clearing infrastructure across 27 processing centres
- **Business Recorder** — [SBP notifies NIFT as designated payment system operator](https://www.brecorder.com/news/40437157/sbp-notifies-nift-as-designated-payment-system-operator) · 31 Aug 2026, 5:40 AM PKT · 77% identical wording to the newest filing
  > KARACHI: The State Bank of Pakistan (SBP) has notified National Institutional Facilitation Technologies (Private) Limited (NIFT) as a Designated Payment System Operator under Section 4(1) of the Payment Systems and Electronic Fund Transfer Act, 2007. The designation, issued by SBP, is in accordance with the Payment System Designation Framework, 2017, marks an important milestone in NIFT’s insti...

3 articles from 3 outlets, 31 Aug – 1 Sep 2026. Headlines and links belong to their outlets — HarZaviya links out and never copies article text.

---

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