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.
ISLAMABAD, June 22, 2025 – The Federal Board of Revenue (FBR) has proposed a key amendment under the Finance Bill 2025-26 aimed at regulating tax benefits for investments made through Special Convertible Rupee Accounts (SCRA).
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KARACHI, June 21, 2025 — The National Institute of Banking and Finance-Pakistan (NIBAF Pakistan) and Risk Associates have entered into a strategic Memorandum of Understanding (MoU) aimed at significantly enhancing cybersecurity resilience across Pakistan’s financial sector. The signing ceremony took place at Risk Associates’ regional office in Karachi and marks a crucial milestone in cybersecurity capacity-building efforts.
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Karachi, June 20, 2025 — The Pakistani rupee continued its downward spiral on Friday, closing at PKR 283.70 against the US dollar in the interbank foreign exchange market. This marks the ninth consecutive session of depreciation, with the local currency shedding another six paisas from Thursday’s close of PKR 283.64 per dollar.
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Islamabad, June 20, 2025 – The Federal Board of Revenue (FBR) has taken a firm stance on overhauling the taxation framework for banks, recommending that the banking sector be treated like any other company for taxation purposes.
(more…)Karachi, June 19, 2025 – The Pakistani rupee continued its downward trajectory for the eighth consecutive trading session on Thursday, losing further ground against the US dollar amid intensifying geopolitical tensions and mounting import-related payment pressures following the federal budget announcement.
(more…)Karachi, June 17, 2025 – The Pakistani rupee extended its downward trajectory for the sixth consecutive trading session on Tuesday, weakening further against the dollar in the interbank foreign exchange market.
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Karachi, June 16, 2025 – Leading representatives of Pakistan’s business community have expressed strong disappointment over the State Bank of Pakistan’s (SBP) decision to maintain the policy rate at 11% in its latest monetary policy announcement.
(more…)Karachi, June 16, 2025 – The Pakistani rupee weakened against the US dollar on Monday, closing at PKR 283.17 in the interbank market, down by 21 paisas from the previous session’s closing of PKR 282.96.
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Karachi, June 16, 2025 – In a move aimed at enhancing transparency and strengthening regulatory oversight, the State Bank of Pakistan (SBP) has issued new instructions requiring all exporters to submit updated declarations through the Pakistan Single Window (PSW) system.
(more…)Karachi, June 16, 2025 – The State Bank of Pakistan (SBP) has decided to maintain the policy rate unchanged at 11%, reflecting a cautious but steady approach toward monetary management amid rising geopolitical tensions. In its meeting on Monday, the SBP’s Monetary Policy Committee (MPC) concluded that the current policy rate remains appropriate to support macroeconomic stability and anchor inflation within the 5–7% target range.
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