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.
The Pakistani rupee (PKR) on Thursday held steady against the US dollar (USD), reflecting adequate supply of foreign currency in the market and balanced demand-supply dynamics.
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Karachi: The State Bank of Pakistan (SBP) has imposed a penalty of Rs13.99 million on Standard Chartered Bank Pakistan Limited for regulatory violations during the calendar year 2025, according to the bank’s latest annual report submitted to the Pakistan Stock Exchange (PSX) on Thursday.
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Karachi: The State Bank of Pakistan (SBP) successfully raised Rs581.7 billion through the auction of Market Treasury Bills (T-bills) on Wednesday, surpassing its target of Rs550 billion as strong participation from investors drove total bids to Rs915 billion.
(more…)Karachi, March 4, 2026 – The Pakistani Rupee continued its modest appreciation against the US Dollar on Wednesday, despite escalating tensions in the Middle East.
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Karachi, March 4, 2026 – The State Bank of Pakistan (SBP) has imposed a monetary penalty of Rs102.68 million on United Bank Limited (UBL) for regulatory violations during the calendar year 2025, according to the bank’s financial statement released on Wednesday.
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Karachi, March 3, 2026 – Pakistan’s digital payments ecosystem is rapidly transforming from a phase of innovation into a core pillar of national financial infrastructure, driven by Prime Minister Shehbaz Sharif’s Cashless Economy Initiative and enabling policies by the State Bank of Pakistan (SBP).
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Islamabad, March 3, 2026 – In a landmark move for the country’s financial sector, Pakistan’s National Assembly on Tuesday passed the Virtual Assets Bill, 2026, officially legalizing cryptocurrencies and establishing a regulatory framework for digital assets. The legislation, introduced by Minister for Parliamentary Affairs Dr Tariq Fazal Chaudhry, had already been approved by the Senate earlier this year.
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Islamabad, March 3, 2026 – During a review meeting chaired by Prime Minister Muhammad Shehbaz Sharif on Tuesday, officials reported that the number of individuals benefiting from digital banking in Pakistan has surpassed 127 million.
(more…)Karachi, March 1, 2026: The Pakistani rupee, which has shown relative stability against the US dollar in recent months, faces renewed uncertainty following escalating tensions in the Middle East.
(more…)Karachi, February 27, 2026 – The Pakistani rupee (PKR) strengthened by three paisa against the US dollar (USD) on Friday, despite ongoing tensions between Pakistan and Afghanistan.
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