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 13, 2025 — The Pakistani rupee came under pressure on Friday, sliding closer to the PKR 283 mark against the US dollar as geopolitical tensions in the Middle East escalated following Israel’s military offensive against Iran.
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Islamabad, June 13, 2025 — The Federal Board of Revenue (FBR) has projected an additional revenue of Rs56 billion following a significant change in the taxation of profits on bank deposits, as proposed in the Finance Bill 2025. These revisions, if approved by the National Assembly, will come into effect from July 1, 2025.
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Karachi, June 13, 2025 – In a dramatic and high-stakes development, the Federal Board of Revenue (FBR) has initiated a sweeping investigation into the foreign assets of a former governor of the State Bank of Pakistan (SBP) — a figure who once held one of the most powerful economic positions in the country.
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Karachi, June 12, 2025 – In a major stride towards modernizing Pakistan’s financial ecosystem, the State Bank of Pakistan (SBP) has officially announced the launch of its upgraded Real-Time Gross Settlement (RTGS) and Central Securities Depository (CSD) system, named PRISM+, effective June 16, 2025.
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Karachi, June 12, 2025 – The State Bank of Pakistan (SBP) has confirmed that it will unveil its next monetary policy decision on Monday, June 16, 2025. The Monetary Policy Committee (MPC) of the SBP will convene on the same day to deliberate on the interest rate stance, following which the central bank will issue a Monetary Policy Statement through an official press release.
(more…)Karachi, June 12, 2025 – The Pakistani rupee continued its downward trajectory against the US dollar on Thursday, closing at PKR 282.67 in the interbank market—marking a depreciation of 20 paisas from the previous day’s closing rate of PKR 282.47.
(more…)Karachi, June 11, 2025 – The Pakistani rupee continued its downward trend on Wednesday, closing at PKR 282.47 against the US dollar in the interbank foreign exchange market.
(more…)Karachi, June 11, 2025 – The State Bank of Pakistan (SBP) has reported a substantial increase in remittances, receiving nearly $35 billion during the first eleven months (July to May) of the fiscal year 2024-25. This significant growth highlights the increasing role of overseas Pakistanis in supporting the country’s economy through foreign inflows.
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Karachi, June 11, 2025 – In a move set to impact millions of savers and investors across the country, the government has proposed a notable increase in the tax rate on profit earned from bank deposits under the Finance Bill 2025.
(more…)Karachi, June 10, 2025 – The Pakistani rupee eased marginally against the US dollar on Tuesday, coinciding with the presentation of the federal budget for fiscal year 2025–26.
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