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.
The State Bank of Pakistan (SBP) has introduced a comprehensive checklist aimed at identifying red flags in trade activity to curb the risk of money laundering and other financial crimes.
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Karachi, August 22, 2025 – The Pakistani rupee recorded a slight improvement against the US dollar on Friday, closing at PKR 281.90 in the interbank foreign exchange market.
(more…)KARACHI, August 21, 2025 – The interbank foreign exchange market on Thursday witnessed a mild appreciation in the rupee’s value against the US dollar, signaling improved sentiment in the currency market.
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Karachi, August 21, 2025 – Allied Bank Limited has released its consolidated financial results for the first half of calendar year 2025, reporting a significant 25% decline in after-tax profit compared to the same period last year.
(more…)Karachi, August 20, 2025 – The Pakistani rupee registered a modest improvement against the US dollar in Wednesday’s interbank foreign exchange market, closing at PKR 281.95 compared to the previous day’s level of PKR 284.96.
(more…)Karachi, August 20, 2025 – The State Bank of Pakistan (SBP) has issued a comprehensive advisory identifying red-flag indicators linked with trade-based money laundering (TBML).
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Karachi, August 20, 2025 – The State Bank of Pakistan (SBP) on Wednesday announced a significant new initiative designed to uplift the country’s agricultural sector by launching a financing scheme exclusively for small and marginalized farmers.
(more…)Karachi, August 19, 2025 – The Pakistani rupee continued its upward trajectory on Tuesday, appreciating to PKR 281.96 against the dollar in the interbank foreign exchange market.
(more…)Karachi, August 18, 2025 – The Pakistani rupee continued its upward trajectory on Monday, closing near PKR 282 against the US dollar in the interbank market.
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Karachi, August 17, 2025 – The State Bank of Pakistan (SBP) has instructed banks to adopt stricter compliance procedures under the Anti-Money Laundering (AML) Act 2010, including the option of terminating customer relationships in cases of repeated suspicious activity.
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