Category: Money & Banking

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.

  • Rupee Strengthens Further as Dollar Declines Ahead of Expected IMF Tranche

    Rupee Strengthens Further as Dollar Declines Ahead of Expected IMF Tranche

    Karachi, December 5, 2025 – The Pakistani rupee recorded another day of stability and improvement in the interbank market, with the US dollar slipping further ahead of the highly anticipated $1.2 billion tranche from the International Monetary Fund (IMF) expected next week.

    (more…)
  • Bank Alfalah approves non-binding offer for Afghanistan operations

    Bank Alfalah approves non-binding offer for Afghanistan operations

    Karachi, December 4, 2025 – Bank Alfalah Limited announced on Thursday that its Board of Directors has approved a non-binding offer received from Ghazanfar Bank, Afghanistan, to acquire the bank’s operations in Afghanistan.

    (more…)
  • SBP stops collection of export development surcharge with immediate effect

    SBP stops collection of export development surcharge with immediate effect

    Karachi, December 2, 2025 – The State Bank of Pakistan (SBP) has officially halted the collection of the Export Development Surcharge (EDS), providing significant relief to the export sector.

    (more…)
  • PKR vs USD: Rupee Expected to Maintain Gradual Gains Next Week

    PKR vs USD: Rupee Expected to Maintain Gradual Gains Next Week

    Karachi, November 30, 2025 – The Pakistani rupee (PKR) is expected to maintain its steady upward trend against the US dollar in the coming week, supported by anticipated inflows from the International Monetary Fund (IMF), stable remittance receipts, and consistent export proceeds.

    (more…)
  • Rupee gains 3 paisa against US dollar in interbank market

    Rupee gains 3 paisa against US dollar in interbank market

    Karachi, November 28, 2025 – The Pakistani rupee posted a slight yet positive improvement against the US dollar on Friday, gaining 3 paisa in the interbank foreign exchange market.

    (more…)
  • SBP directs banks to extend hours for tax collection on November 29

    SBP directs banks to extend hours for tax collection on November 29

    Karachi, November 27, 2025 – The State Bank of Pakistan (SBP) has issued directives instructing commercial banks to observe extended working hours on Saturday, November 29, 2025, to facilitate taxpayers making over-the-counter (OTC) payments of government duties and taxes.

    In an official circular, the SBP announced that all Saturday-opening branches of commercial banks — including National Bank of Pakistan (NBP) branches handling customs-related collections — will remain operational from 9:00 A.M. to 5:00 P.M. on the specified date. The move aims to ease taxpayer burden ahead of monthly and quarterly deadlines.

    The central bank further stated that NBP branches manually collecting government receipts and payments must ensure same-day settlement with their respective SBP-BSC field offices or head office immediately after completing the same-day clearing process.

    To support timely processing, the National Institutional Facilitation Technologies (NIFT) will conduct a Special Clearing at 5:30 P.M. on November 29 for all government-related instruments submitted at bank counters. NIFT will provide the clearing fate of these instruments by 11:30 P.M. on the same day, ensuring smooth reconciliation and settlement of government receipts.

    The SBP’s directive follows a recent instruction from the Federal Board of Revenue (FBR), which earlier directed Inland Revenue field offices to observe a normal working day on November 29 to support maximum tax collection before the month-end.

    The SBP emphasized that the extended arrangements aim to ensure seamless tax payment processing and enhance convenience for taxpayers across the country.

  • JazzCash to expand into digital commerce with Huawei-powered ‘JazzCash Bazar’ miniapp platform

    JazzCash to expand into digital commerce with Huawei-powered ‘JazzCash Bazar’ miniapp platform

    Islamabad, November 26, 2025 – JazzCash, Pakistan’s leading digital financial services platform, announced its plans to expand into digital commerce through JazzCash Bazar, an upcoming miniapp-powered marketplace developed in partnership with Huawei at the MWC Doha.

    (more…)
  • JazzCash rolls out free SIMs, wallets for two million BISP women

    JazzCash rolls out free SIMs, wallets for two million BISP women

    Islamabad, November 25, 2025 — Pakistan has taken a significant step toward a cashless and transparent financial ecosystem as JazzCash begins the nationwide rollout of free SIMs and secure mobile wallets for two million Benazir Income Support Programme (BISP) beneficiaries.

    (more…)
  • Pakistani rupee gains slightly despite high import payments

    Pakistani rupee gains slightly despite high import payments

    Karachi, November 17, 2025 – Despite heightened demand for the US dollar due to import payments at the beginning of the week, the Pakistani rupee managed to maintain its value and even recorded a modest increase, supported by strong foreign inflows and robust remittances.

    (more…)
  • SBP publishes updated 2025 list of licensed exchange companies in Pakistan

    SBP publishes updated 2025 list of licensed exchange companies in Pakistan

    Karachi, November 16, 2025 – The State Bank of Pakistan (SBP) has published an updated list of officially licensed exchange companies operating across the country. The latest list, available on the SBP’s website, includes firms authorized to conduct foreign currency transactions in Pakistan.

    (more…)