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, July 30, 2025 – The Pakistani rupee continued its upward trajectory for the sixth straight session on Wednesday, gaining 10 paisas against the US dollar amid a government-led crackdown on unauthorized currency dealers.
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Karachi, July 30, 2025 – The State Bank of Pakistan (SBP) has decided to keep the benchmark policy rate unchanged at 11%, citing mounting inflation risks and a shifting macroeconomic landscape.
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Allied Bank, one of Pakistan’s top commercial banks, has officially partnered with Befiler, a leading digital tax filing platform, to revolutionize the 2025 tax return filing process.
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ISLAMABAD, July 30, 2025 – The federal government has intensified efforts to build a regulatory environment for cryptocurrency and virtual assets, holding a high-level consultation in Islamabad with key stakeholders from banks, exchange companies, and the gems and jewellery sector.
(more…)Karachi, July 29, 2025 – The Pakistani rupee strengthened for the fifth consecutive session on Tuesday, posting another gain against the dollar in the interbank foreign exchange market.
(more…)Karachi, July 28, 2025 – The Pakistani rupee extended its upward momentum for the fourth consecutive session on Monday, strengthening against the dollar in the interbank foreign exchange market.
(more…)Karachi, July 28, 2025 – Investment in premium prize bonds witnessed a significant rise of 7.83% during the fiscal year 2024–25, reflecting increased public interest in secure and transparent savings instruments.
(more…)Karachi, July 25, 2025 – The State Bank of Pakistan (SBP) has issued comprehensive instructions to banks and regulated entities (REs), mandating that the account opening process for the general public be completed within two working days.
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Karachi, July 25, 2025 – The business community has strongly urged the State Bank of Pakistan (SBP) to introduce a significant reduction in the policy rate during the upcoming Monetary Policy Committee (MPC) meeting scheduled for July 30, 2025.
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Karachi, July 25, 2025 – The State Bank of Pakistan (SBP) is expected to reduce the policy rate by 50 basis points to 10.5% in its upcoming monetary policy announcement on July 30, 2025.
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