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, March 17, 2026 – The State Bank of Pakistan (SBP) has increased the maximum loan size to Rs10 million under its Affordable Housing Scheme, aiming to boost home ownership and support first-time buyers across the country.
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Karachi, March 17, 2026 – The Pakistani rupee strengthened slightly against the US dollar on Tuesday, with the State Bank of Pakistan (SBP) reporting an appreciation of 3 paisa in the interbank market. The local currency closed at Rs279.27 per dollar, up from Monday’s closing of Rs279.30.
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Karachi, March 16, 2026 – The State Bank of Pakistan (SBP) has officially declared that all banks will remain closed for two days to observe Eid-ul-Fitr 2026. According to BPRD Circular Letter No. 06, the SBP informed the presidents and chief executives of all banks, Development Finance Institutions (DFIs), and Microfinance Banks (MFBs) regarding the holiday schedule.
(more…)Karachi, March 15, 2026 – The Pakistani rupee is expected to remain largely stable in the short term, though rising global oil prices and upcoming external debt repayments could create pressure on the local currency against the US dollar.
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Islamabad, March 12, 2026 – The Competition Commission of Pakistan (CCP) has approved the acquisition of shares in Faysal Bank Limited by Maple Leaf Cement Factory Limited (MLCF) after conducting a review under the Competition Act, 2010.
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Islamabad, March 11, 2026 – Federal Minister for Finance and Revenue Muhammad Aurangzeb held a virtual meeting with leaders of Pakistan’s banking sector on Wednesday to review the evolving economic and financial situation amid ongoing regional developments.
(more…)Karachi, March 11, 2026 – The State Bank of Pakistan reported a staggering 203% surge in government borrowing from commercial banks during the first eight months (July–February) of the fiscal year 2025-26, compared to the same period last year.
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Karachi, March 11, 2026 – The State Bank of Pakistan has reported that large-scale cash withdrawals wiped out Rs790 billion from the country’s banking system in a single month, highlighting continued liquidity movement among depositors.
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Karachi, March 10, 2026 – The State Bank of Pakistan (SBP) has imposed a penalty of around Rs102 million on Allied Bank Limited for violations of banking regulations, according to the bank’s latest financial disclosures submitted to the Pakistan Stock Exchange (PSX).
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Karachi, March 9, 2026 – United Bank Limited (UBL) has announced a 40% discount on tax filing services through third-party providers but clarified that it does not assume any liability for taxpayers availing the offer, which is provided to celebrate Ramazan.
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