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.
Islamabad, April 4, 2026 – The Securities and Exchange Commission of Pakistan (SECP) has approved the country’s first Shariah-compliant credit risk-sharing product, marking a significant milestone in the development of Pakistan’s Islamic finance sector.
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Karachi, April 1, 2026 – In a major step towards financial inclusion, the State Bank of Pakistan (SBP) has introduced a new framework allowing teenagers aged 13 to 18 years to open and operate bank accounts in their own names. The initiative aims to promote savings habits and provide early exposure to financial services among young Pakistanis.
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Karachi, April 1, 2026 – The Pakistani rupee recorded a modest gain of 3 paisa against the US dollar on Wednesday, supported by positive market sentiment following the approval of a Staff-Level Agreement with the International Monetary Fund (IMF). The development has paved the way for Pakistan to potentially access $1.21 billion in external funding.
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Karachi, March 31, 2026 – Bank Alfalah Limited has indicated a possible upward trend in interest rates in the coming months, citing heightened geopolitical tensions stemming from the ongoing Iran conflict.
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Karachi, March 27, 2026 – The Pakistani rupee has gained 30 paisa against the US dollar since the outbreak of the Iran war on February 28, 2026, demonstrating resilience despite rising global uncertainties.
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Institute of Cost and Management Accountants of Pakistan (ICMAP) has highlighted the growing potential of Sharia-compliant cryptocurrencies, stating that digital assets such as X8X Token and OneGram are emerging as more reliable and stable investment options compared to traditional safe-haven assets.
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Karachi – The State Bank of Pakistan (SBP) has issued comprehensive new instructions for banks regarding the opening, operation, and maintenance of foreign currency accounts and non-resident rupee accounts, aiming to boost foreign investment and improve financial access.
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Karachi – The State Bank of Pakistan (SBP) has introduced key regulatory changes to expand the scope of Roshan Digital Accounts (RDA), allowing broader access for non-resident individuals and foreign corporate entities.
(more…)Karachi, March 24, 2026 – The Pakistani rupee posted a modest gain against the US dollar on Tuesday, supported by strong inflows and regulatory measures, despite pressure from import payments and elevated global oil prices linked to tensions involving Iran.
(more…)Karachi, March 24, 2026 – The State Bank of Pakistan (SBP) has intensified its crackdown on illegal financial activities by cancelling the licenses of two money exchange companies over serious regulatory violations.
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