Money and banking drive economic activity by facilitating transactions, savings, and investments. Banks manage financial resources, offer credit, and regulate money supply, ensuring stability and growth in Pakistan’s financial sector.
Karachi, May 7, 2025 – The Pakistani rupee continued its downward trajectory on Wednesday, depreciating further against the US dollar and closing at PKR 281.47 in the interbank foreign exchange market.
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Karachi, May 7, 2025 — A new report by the Institute of Cost and Management Accountants of Pakistan (ICMAP) reveals that business activity in Pakistan remains subdued, despite significant reductions in the State Bank of Pakistan’s (SBP) benchmark interest rate.
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KARACHI, May 6, 2025 — The Institute of Cost and Management Accountants of Pakistan (ICMAP) has unveiled a landmark proposal aimed at laying the groundwork for responsible crypto adoption in Pakistan.
(more…)KARACHI – May 6, 2025: The Pakistani rupee continued its downward trajectory on Tuesday, losing further ground against the US dollar in the interbank foreign exchange market.
(more…)Karachi, May 5, 2025 – The Pakistani rupee continued its downward trajectory against the US dollar, closing at PKR 281.22 in the interbank market on Monday.
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Karachi, May 5, 2025 — In a move that exceeded market forecasts, the State Bank of Pakistan (SBP) announced a 100 basis point reduction in its benchmark policy rate, bringing it down to 11%, effective May 6, 2025.
(more…)Islamabad, May 4, 2025 — In a remarkable display of speed and strategic vision, the Pakistan Crypto Council (PCC) has accomplished what many thought improbable — achieving major breakthroughs in global partnerships, policy development, and blockchain diplomacy within just 50 days of its official launch on March 14, 2025. This swift rise places Pakistan at the forefront of crypto innovation across the Global South.
(more…)Karachi, May 2, 2025 – The Pakistani rupee recorded a marginal decline against the US dollar on Friday, slipping by 9 paisas as the interbank foreign exchange market resumed operations following the Labor Day holiday.
(more…)Karachi, April 30, 2025 – The Pakistani rupee made a modest gain against the US dollar on Wednesday, strengthening by 5 paisas in the interbank market.
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Karachi, April 30, 2025 – Allied Bank has reported a significant 24% decline in its markup income for the first quarter of the calendar year 2025, reflecting the impact of falling interest rates and a lower cost of funding.
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