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, August 12, 2025 – The Pakistani rupee posted a modest gain against the US dollar in Tuesday’s interbank foreign exchange market, appreciating by three paisas at closing.
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Karachi, August 12, 2025 – In a major relief for Pakistan’s exporters, the State Bank of Pakistan (SBP) has announced the withdrawal of stringent conditions previously imposed under the “Delayed Realization of Export Proceeds” policy.
(more…)Karachi, August 11, 2025 – The Pakistani rupee posted a modest gain on Monday in the interbank foreign exchange market, despite persistent demand for the US dollar to meet foreign payment obligations.
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Karachi, August 8, 2025 – The State Bank of Pakistan (SBP) has announced that commercial banks will remain open on Saturday, August 9, to assist in the collection of applications for Hajj 2026.
(more…)Karachi, August 8, 2025 – The Pakistani rupee continued its upward trajectory against the US dollar on Friday, supported by strong inflows from export earnings and workers’ remittances.
(more…)Karachi, August 8, 2025 – Pakistan recorded an inflow of $3.21 billion in workers’ remittances during July 2025, according to data released by the State Bank of Pakistan (SBP) on Friday.
(more…)Karachi, August 7, 2025 – The Pakistani rupee made a modest recovery on Thursday, gaining 11 paisas against the US dollar at the close of trading in the interbank foreign exchange market.
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Karachi, August 7, 2025 – Bank Alfalah Limited has revealed that it is currently involved in several disputes with both federal and provincial tax authorities.
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Karachi, August 6, 2025 – MCB Bank has paid a record Rs33 billion in income tax during the first half of calendar year 2025 (January to June), surpassing its net profit of Rs29.39 billion for the same period, according to the consolidated financial results submitted to the Pakistan Stock Exchange (PSX).
(more…)KARACHI, August 6, 2025 – The Pakistani rupee on Wednesday ended its impressive 10-day rally against the US dollar, slipping by 10 paisas in the interbank market amid mounting pressure from rising import payments.
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