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.

Bank Holiday for Pakistan General Elections on February 8, 2024

Karachi, February 6, 2024 – In a significant move to facilitate the democratic process, the State Bank of Pakistan (SBP) on Tuesday announced Bank Holiday on Thursday, February 8, 2024. This decision comes as a result of the upcoming general elections in Pakistan, scheduled for the same day.
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February 7, 2024
Pakistani Rupee Declines Slightly, Closes at PKR 279.42

Karachi, 6th February 2024 – The Pakistani Rupee (PKR) saw a marginal decline, closing at PKR 279.42 against the US dollar in the interbank foreign exchange market on Tuesday.
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February 6, 2024
JS Bank Fined Rs 45.51 Million by SBP for Regulatory Violations

Karachi, February 5, 2024 – JS Bank, a prominent financial institution in Pakistan, has incurred a monetary penalty of Rs 45.51 million for regulatory violations during the calendar year 2023.
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February 5, 2024
Rupee Likely to Hold Steady Against Dollar Amid General Elections

Karachi, February 4, 2024 – As Pakistan gears up for general elections scheduled for February 8, 2024, financial analysts predict that the Pakistani Rupee (PKR) is likely to maintain its stability against the US dollar in the coming week.
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February 4, 2024
SECP Seeks Public Input on Shariah Audit Standards

Islamabad, February 3, 2024 – The Securities and Exchange Commission of Pakistan (SECP) has taken a significant step towards the comprehensive adoption of Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standards by inviting public comments on its new strategy.
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February 4, 2024
Rupee Makes Nominal Gain, Ending at PKR 279.41 Against Dollar

Karachi, February 2, 2024 – The Pakistani Rupee (PKR) exhibited a nominal gain on Friday, closing at PKR 279.41 against the US dollar in the interbank foreign exchange market.
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February 2, 2024
SBP Slaps Meezan Bank with Rs 82.74 Million Regulatory Penalty

Karachi, February 2, 2024 – The State Bank of Pakistan (SBP) has imposed a regulatory penalty of Rs 82.74 million on Meezan Bank Limited, citing violations of regulatory instructions for the quarters ended June 2023 and December 2023.
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February 2, 2024
Rupee Ends Stable Against Dollar at Interbank on February 1

Karachi, February 1, 2024 – The Pakistani Rupee (PKR) displayed remarkable stability against the US dollar in the interbank foreign exchange market, closing at PKR 278.48 on Thursday.
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February 1, 2024
Bank Alfalah Achieves Remarkable 98% Growth in Annual Profit

Karachi, February 1, 2024 – Bank Alfalah, a leading financial institution, announced an impressive 98% surge in annual profit after tax on Thursday.
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February 1, 2024
Rupee Ends Firmer to PKR 279.50 Against Dollar

Karachi, January 31, 2024 – The Pakistani Rupee (PKR) concluded Wednesday on a stronger note against the dollar, closing at PKR 279.50 in the interbank foreign exchange market.
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January 31, 2024