# Pakistan to pilot new cheque-clearing system from 15 October

> The central bank said the Pakistan Express Clearing System will process cheque images instead of moving physical instruments.

- Canonical URL: https://newsverum.com/en/news/pakistan-cheque-clearing-system-pilot-starts-october-15
- Publisher: Newsverum
- Section: Finance
- Country: Pakistan
- Published: 2026-10-06T17:11:50+00:00
- Updated: 2026-10-07T00:55:18+03:00
- Event / data period: 2026-10-05
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The State Bank of Pakistan issued implementation instructions for the Pakistan Express Clearing System (PECS) on 5 October. The system will clear cheques using captured images: the presenting bank sends an image to clearing house NIFT, which forwards it to the paying bank.

The circular schedules the pilot to begin on 15 October 2026 and nationwide completion by 30 April 2027. These are the central bank’s planned milestones and do not mean the service is already operating at every institution.

## Data

### Source-reported details

Information published in the primary source.

Methodology: Concise account of source-reported information; independent verification is not implied.

| Source-reported item | Details |
|---|---|
| Pilot start | 15 October 2026 |
| Planned nationwide completion | 30 April 2027 |
| Clearing method | Image-based cheque truncation |
| Clearing house named | NIFT |

Sources: <https://www.sbp.org.pk/circulars/disd-circular-no-2-of-2026> · Download data: [JSON](https://newsverum.com/api/v1/articles/pakistan-cheque-clearing-system-pilot-starts-october-15/data/reported-details?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/pakistan-cheque-clearing-system-pilot-starts-october-15/data/reported-details?lang=en&format=csv)

## Sources

- [State Bank of Pakistan](<https://www.sbp.org.pk/circulars/disd-circular-no-2-of-2026>) (Source checked: 2026-10-06; Published: 2026-10-05)

## Correction history

- 2026-10-07T00:55:18+03:00: German and Portuguese editions and translations of the data and correction explanations have been added to this article.

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