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, March 24, 2026 – The State Bank of Pakistan (SBP) has intensified its crackdown on illegal financial activities by cancelling the licenses of two money exchange companies over serious regulatory violations.
(more…)Karachi, March 19, 2026 – The State Bank of Pakistan has reported a record 3.4 billion retail transactions for the quarter ended December 31, 2025, highlighting continued growth in digital payments and financial inclusion across the country.
(more…)
Karachi, March 18, 2026 – The State Bank of Pakistan (SBP) on Wednesday released the weighted average lending and deposit rates for February 2026, showing a slight easing in borrowing costs and stable returns on deposits across the banking sector.
(more…)
Islamabad, March 17, 2026 – Pakistan has launched a major nationwide crackdown on money laundering and illegal money transfer networks, including hawala and hundi operations, in a high-level government meeting chaired by Interior Minister Mohsin Naqvi and Federal Finance Minister Muhammad Aurangzeb.
(more…)
Karachi, March 17, 2026 – The State Bank of Pakistan (SBP) has increased the maximum loan size to Rs10 million under its Affordable Housing Scheme, aiming to boost home ownership and support first-time buyers across the country.
(more…)
Karachi, March 17, 2026 – The Pakistani rupee strengthened slightly against the US dollar on Tuesday, with the State Bank of Pakistan (SBP) reporting an appreciation of 3 paisa in the interbank market. The local currency closed at Rs279.27 per dollar, up from Monday’s closing of Rs279.30.
(more…)Karachi, March 16, 2026 – The State Bank of Pakistan (SBP) has officially declared that all banks will remain closed for two days to observe Eid-ul-Fitr 2026. According to BPRD Circular Letter No. 06, the SBP informed the presidents and chief executives of all banks, Development Finance Institutions (DFIs), and Microfinance Banks (MFBs) regarding the holiday schedule.
(more…)Karachi, March 15, 2026 – The Pakistani rupee is expected to remain largely stable in the short term, though rising global oil prices and upcoming external debt repayments could create pressure on the local currency against the US dollar.
(more…)
Islamabad, March 12, 2026 – The Competition Commission of Pakistan (CCP) has approved the acquisition of shares in Faysal Bank Limited by Maple Leaf Cement Factory Limited (MLCF) after conducting a review under the Competition Act, 2010.
(more…)Islamabad, March 11, 2026 – Federal Minister for Finance and Revenue Muhammad Aurangzeb held a virtual meeting with leaders of Pakistan’s banking sector on Wednesday to review the evolving economic and financial situation amid ongoing regional developments.
(more…)