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, May 30, 2025 – The State Bank of Pakistan (SBP) has issued a comprehensive clarification regarding the legal status of cryptocurrency in the country, reiterating its earlier stance on the issue.
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Karachi, May 30, 2025 – In a bid to modernize financial transactions and reduce dependency on physical cash during the high-transaction Eid-ul-Adha season, the State Bank of Pakistan (SBP) has unveiled a comprehensive list of designated cattle markets across the country for enabling cashless payments.
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Karachi, May 30, 2025 — The Pakistani rupee recorded a slight appreciation against the US dollar on Friday, supported by healthy foreign inflows and stable reserves. In the interbank foreign exchange market, the rupee closed at PKR 282.02 against the dollar, improving by 5 paisas from the previous day’s closing rate of PKR 282.07.
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In a major move to tighten financial regulations and enhance transparency, a critical proposal is being considered for inclusion in Pakistan’s upcoming Budget 2025–26. The proposal recommends mandatory scrutiny of banking transactions exceeding Rs3 million, especially those conducted through personal bank accounts.
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ISLAMABAD: The State Bank of Pakistan (SBP) and the Ministry of Finance officially reiterated on Thursday that cryptocurrency is not legal tender in Pakistan.
(more…)Karachi, May 29, 2025 — The Pakistani rupee registered a modest gain against the US dollar in Thursday’s interbank foreign exchange trading, closing at PKR 282.07 compared to the previous close of PKR 282.17. This slight appreciation comes after a day of closure in the interbank market on May 28 in observance of Youm-e-Takbeer, a national holiday.
(more…)In a historic move that signals Pakistan’s dramatic entry into the global digital economy, Bilal Bin Saqib—newly appointed Special Assistant to the Prime Minister (SAPM) on Blockchain and Crypto and CEO of the Pakistan Crypto Council (PCC)—unveiled the country’s first-ever government-backed Bitcoin reserve.
(more…)Karachi, May 27, 2025 – The Pakistani rupee showed slight improvement against the US dollar on Tuesday, buoyed by increased foreign currency inflows in the interbank market.
(more…)Karachi, May 26, 2025 – The Pakistani rupee witnessed a slight dip of 9 paisas against the US dollar on Monday, closing at PKR 282.06 in the interbank foreign exchange market. This marks a minor decline from last Friday’s closing rate of PKR 281.97.
(more…)Karachi, May 25, 2025 – The International Monetary Fund (IMF) has imposed rigorous new conditions on the State Bank of Pakistan (SBP) regarding the provision of foreign exchange data, as part of Pakistan’s commitments under the Extended Fund Facility (EFF).
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