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.

SBP Tells Banks: Terminate Clients on GD Suspicion

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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August 17, 2025
SBP mandates H.S. Codes in all trade-linked transactions

Karachi, August 16, 2025 – The State Bank of Pakistan (SBP) has introduced stricter regulatory measures for the issuance of financial instruments (FIs) in connection with trade transactions, making it mandatory to include Harmonized System (H.S.) Codes and Unit of Measurement (UoM) details.
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August 16, 2025
PKR to USD: Rupee Strengthens to 282.06 Against Dollar

KARACHI, August 15, 2025 – The Pakistani rupee extended its upward momentum on Friday, appreciating against the US dollar in the interbank foreign exchange market and closing at PKR 282.06.
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August 15, 2025
SBP launches Rs75 commemorative coin to honor Marka-e-Haq

KARACHI, August 15, 2025 – The State Bank of Pakistan (SBP) has unveiled a special Rs75 commemorative coin to pay tribute to the courage and sacrifices of Pakistan’s armed forces during the historic Marka-e-Haq, while also marking Independence Day with national pride.
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August 15, 2025
SBP targets overpriced trade transactions in major move

Karachi, August 14, 2025 – The State Bank of Pakistan (SBP) has instructed all commercial banks to strengthen oversight on prices declared in trade transactions, introducing detailed due diligence measures aimed at combating Trade-Based Money Laundering (TBML) and Terrorist Financing.
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August 14, 2025
SBP orders banks to implement stricter CDD for traders

KARACHI, August 14, 2025 – The State Bank of Pakistan (SBP) has issued a detailed directive requiring banks to enhance their customer due diligence (CDD) processes for all clients engaged in trade-related activities.
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August 14, 2025
SBP directs banks to open for Hajj application collection

Karachi, August 13, 2025 – The State Bank of Pakistan (SBP) has issued fresh directives to ensure smooth facilitation for intending pilgrims applying for Hajj 2026.
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August 13, 2025
Pakistani rupee strengthens as SBP eases export rules

Karachi, August 13, 2025 – The Pakistani rupee posted a notable recovery on Wednesday, appreciating by 20 paisas against the US dollar, driven largely by recent export-related relaxations announced by the State Bank of Pakistan (SBP).
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August 13, 2025
Meezan Bank reports 10% profit decline in 1HCY25

Karachi, August 13, 2025 – Meezan Bank Limited, the country’s largest Islamic bank, announced on Wednesday that its net profit for the first half of the calendar year 2025 (January–June) fell by 10%.
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August 13, 2025
SBP tightens regulations to curb trade-based money laundering

Karachi, August 12, 2025 – The State Bank of Pakistan (SBP) has announced a strengthened framework aimed at tightening anti-money laundering (AML) and countering financing of terrorism (CFT) measures in the context of trade transactions.
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August 12, 2025