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 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has highlighted the urgent need for a more balanced monetary approach in light of the devastating floods that recently hit the country.
(more…)
Islamabad, September 16, 2025 – Prime Minister Muhammad Shehbaz Sharif on Tuesday inaugurated the Mashreq Digital Retail Bank, describing it as a milestone in Pakistan’s journey toward a fully digital and paperless economy.
(more…)
Karachi, September 16, 2025 – The Pakistani rupee registered a slight improvement against the US dollar in the interbank foreign exchange market on Tuesday.
(more…)
Karachi, September 15, 2025 – Aimed at raising scam awareness and mitigation among digital financial services users, Karachi School of Business & Leadership (KSBL) is launching the Scam Awareness Media Competition, powered by JazzCash and Mobilink Microfinance Bank Limited (MMBL).
(more…)
Karachi, September 15, 2025 – The State Bank of Pakistan (SBP) has officially launched the Climate Risk Fund (CRF-I) under the World Bank–supported Resilient and Accessible Microfinance (RAM) Project.
(more…)
Karachi, September 15, 2025 – The State Bank of Pakistan (SBP) on Monday kept its policy rate unchanged at 11 percent, citing ongoing economic challenges and heightened uncertainty following the devastating floods that have disrupted the country’s agriculture and supply chains.
(more…)Karachi, September 15, 2025 – The Pakistani rupee registered a slight improvement against the US dollar in the interbank foreign exchange market on Monday.
(more…)
Islamabad, September 13, 2025 – The government of Pakistan has opened its doors to international digital firms by inviting Expressions of Interest (EoIs) from Virtual Asset Service Providers (VASPs) and exchanges looking to operate in the country.
(more…)Karachi, September 12, 2025 – The State Bank of Pakistan (SBP) has introduced detailed timelines for the realization of export proceeds, aiming to bring clarity and discipline to foreign trade transactions.
(more…)Karachi, September 12, 2025 – The Pakistani rupee ended the week on a stable note, registering a marginal gain in the interbank market as it closed at PKR 281.55 against the dollar, compared to the previous day’s settlement of PKR 281.56.
(more…)