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 5, 2025 – The Federal Board of Revenue (FBR) has reported a 5% decline in tax collection from profits on bank deposits during the fiscal year 2024-25, even as the country’s banking sector witnessed record-breaking deposit levels.
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Karachi, August 5, 2025 – The Pakistani rupee continued its impressive rally against the U.S. dollar for the tenth consecutive trading session on Tuesday, reflecting growing investor confidence and macroeconomic stability.
(more…)Karachi, August 4, 2025 — The Pakistani rupee is on fire! In a stunning show of resilience, the rupee extended its winning streak for the ninth consecutive session against the US dollar in the interbank foreign exchange market on Monday.
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Karachi, August 2, 2025 – Complaints against commercial banks have surged by 35% during the first half of the calendar year 2025, raising concerns about service quality and customer protection across the banking sector.
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Karachi, August 2, 2025 – The State Bank of Pakistan (SBP) has announced a significant revision in the Foreign Exchange Exposure Limit (FEEL) for banks, aiming to enhance flexibility in foreign exchange operations amid evolving market dynamics.
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Islamabad, August 1, 2025 – In a major push toward sustainable transport, banks across Pakistan have pledged support for innovative financing solutions aimed at making electric vehicles (EVs) more accessible to the general public.
(more…)Karachi, August 1, 2025 – The Pakistani rupee continued its upward trend against the dollar for the eighth straight session on Friday, boosted by a strong crackdown on illegal currency trade.
(more…)Karachi, July 31, 2025 – The Pakistani rupee extended its winning streak for the seventh consecutive session on Thursday, continuing to show strength against the US dollar in the interbank foreign exchange market.
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Karachi, July 31, 2025 – Habib Bank Limited (HBL) has reported a significant contribution of Rs41 billion in income tax payments during the first half of the calendar year 2025 (January–June), underscoring the bank’s expanding profitability and its vital role in Pakistan’s financial sector.
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Karachi, July 30, 2025 – The State Bank of Pakistan (SBP) has issued a comprehensive regulatory framework to guide banks in developing robust recovery planning mechanisms aimed at safeguarding financial stability during periods of distress.
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