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, June 25, 2025 — The State Bank of Pakistan (SBP) has reported a remarkable transformation in Pakistan’s digital payments ecosystem, highlighting robust growth in transaction volumes and user adoption during the third quarter of FY2024–25.
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Karachi, June 25, 2025 — The Pakistani rupee appreciated slightly against the US dollar on Wednesday, reflecting a shift in market sentiment after positive geopolitical developments and easing regional tensions.
(more…)Karachi, June 24, 2025 – The Pakistani rupee posted a mild recovery against the US dollar on Tuesday, snapping a 10-session losing streak that had been exacerbated by geopolitical tensions and domestic uncertainty.
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KARACHI, June 24, 2025 — The State Bank of Pakistan (SBP) has officially released the details of unclaimed bank deposits surrendered by various banks and Development Financial Institutions (DFIs) up to December 31, 2023. In a public notice issued on Tuesday, the SBP informed the general public that these deposits had remained inactive for over ten years and are now available for refund claims.
(more…)Karachi, June 23, 2025 – The Pakistani rupee continued to weaken against the dollar on Monday, marking its 10th consecutive session of losses in the interbank market.
(more…)Karachi, June 23, 2025 — Pakistan’s banking sector has reached a historic benchmark, with total deposits climbing to an all-time high of Rs32.72 trillion by the end of May 2025, as per the latest data released by the State Bank of Pakistan (SBP). This milestone reflects continued public trust in the banking system, even amid a challenging economic environment.
(more…)Karachi, June 22, 2025 – The Pakistani rupee is likely to remain under pressure against the US dollar in the coming week starting June 23, as escalating geopolitical tensions continue to weigh on investor sentiment and currency flows.
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ISLAMABAD, June 22, 2025 – The Federal Board of Revenue (FBR) has proposed a key amendment under the Finance Bill 2025-26 aimed at regulating tax benefits for investments made through Special Convertible Rupee Accounts (SCRA).
(more…)KARACHI, June 21, 2025 — The National Institute of Banking and Finance-Pakistan (NIBAF Pakistan) and Risk Associates have entered into a strategic Memorandum of Understanding (MoU) aimed at significantly enhancing cybersecurity resilience across Pakistan’s financial sector. The signing ceremony took place at Risk Associates’ regional office in Karachi and marks a crucial milestone in cybersecurity capacity-building efforts.
(more…)Karachi, June 20, 2025 — The Pakistani rupee continued its downward spiral on Friday, closing at PKR 283.70 against the US dollar in the interbank foreign exchange market. This marks the ninth consecutive session of depreciation, with the local currency shedding another six paisas from Thursday’s close of PKR 283.64 per dollar.
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