Category: Money & Banking

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.

Bank of Punjab launches Pakistan Skills Impact Bond to boost youth employment

Islamabad, January 1, 2026 – The Bank of Punjab (BOP), in collaboration with the British Asian Trust (BAT) acting as Transaction Advisors and Program Managers (TAPM), has officially launched the Pakistan Skills Impact Bond (PSIB)—a AAA-rated, Government of Pakistan-backed Term Finance Certificate (TFC) valued at Rs 1,000 million.
(more…)

January 1, 2026
JazzCash reaches 57 million users, boosts Pakistan’s cashless economy

Karachi, December 31, 2025 – JazzCash has crossed 57 million customers, underscoring the rapid adoption of digital payments in Pakistan as the government accelerates its push toward a cashless economy.
(more…)

December 31, 2025
Pakistani rupee loses Rs1.75 against dollar in 2025

Karachi, December 31, 2025 — The Pakistani rupee depreciated by Rs1.75 against the US dollar during the year 2025, according to data released by the State Bank of Pakistan (SBP). The interbank foreign exchange market closed on December 31, 2025, at Rs280.12 per dollar, compared to Rs278.55 per dollar at the same time last year.
(more…)

December 31, 2025
SBP orders banks to extend working hours on December 31 to facilitate taxpayers

Karachi, December 30, 2025 – The State Bank of Pakistan (SBP) on Tuesday instructed all commercial banks to extend their working hours on December 31, 2025, to facilitate taxpayers in the smooth payment of government duties and taxes ahead of the year-end deadline.
(more…)

December 30, 2025
Retail payments in Pakistan grow 10% in Q1 FY26: SBP releases report

Karachi, December 30, 2025 – The State Bank of Pakistan (SBP) on Tuesday released its Quarterly Payment Systems Review for the first quarter (Q1) of Fiscal Year 2025-26, reporting a significant 10% growth in retail payment transactions. The report provides a detailed analysis of Pakistan’s evolving payment ecosystem, highlighting key trends, digital adoption, and sectoral developments during the quarter.
(more…)

December 30, 2025
SBP declares bank holiday on January 1, 2026

Karachi, December 30, 2025 – The State Bank of Pakistan (SBP) on Tuesday announced that all banks across the country will remain closed for public transactions on Thursday, January 1, 2026, in observance of a bank holiday. The circular issued by the SBP aims to inform the general public and banking customers to plan their financial activities accordingly.
(more…)

December 30, 2025
FIA intensifies crackdown on hawala and illegal currency exchange in 2025

ISLAMABAD, December 29, 2025 – The Federal Investigation Agency (FIA) has stepped up its nationwide action against hawala, hundi, and illegal currency exchange, seizing currency worth over Rs1.99 billion and arresting 667 suspects during 2025.
(more…)

December 29, 2025
CEO of Bank of Punjab elected chairman of Pakistan Banks Association

Karachi, December 28, 2025 – The Pakistan Banks Association (PBA) has elected Zafar Masud, President and Chief Executive Officer of The Bank of Punjab, as its new Chairman, marking a significant leadership transition for the country’s banking industry.
(more…)

December 28, 2025
SBP Issues Framework to Manage Climate-Related Financial Risks

Karachi, December 26, 2025 – The State Bank of Pakistan (SBP) has issued a comprehensive regulatory framework aimed at strengthening the financial sector’s ability to manage climate-related financial risks, reflecting the country’s growing exposure to climate change impacts.
(more…)

December 26, 2025
Pakistan’s net forex reserves decline by $66 million in a week: SBP

Karachi, December 26, 2025 – Pakistan’s net foreign exchange (forex) reserves witnessed a modest decline of $66 million on a weekly basis, according to the latest data released by the State Bank of Pakistan (SBP) on Friday. Despite the drop, analysts believe the overall reserves position remains stable amid ongoing external payment pressures.
(more…)

December 26, 2025