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.
Allied Bank, one of Pakistan’s top commercial banks, has officially partnered with Befiler, a leading digital tax filing platform, to revolutionize the 2025 tax return filing process.
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ISLAMABAD, July 30, 2025 – The federal government has intensified efforts to build a regulatory environment for cryptocurrency and virtual assets, holding a high-level consultation in Islamabad with key stakeholders from banks, exchange companies, and the gems and jewellery sector.
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Karachi, July 29, 2025 – The Pakistani rupee strengthened for the fifth consecutive session on Tuesday, posting another gain against the dollar in the interbank foreign exchange market.
(more…)Karachi, July 28, 2025 – The Pakistani rupee extended its upward momentum for the fourth consecutive session on Monday, strengthening against the dollar in the interbank foreign exchange market.
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Karachi, July 28, 2025 – Investment in premium prize bonds witnessed a significant rise of 7.83% during the fiscal year 2024–25, reflecting increased public interest in secure and transparent savings instruments.
(more…)Karachi, July 25, 2025 – The State Bank of Pakistan (SBP) has issued comprehensive instructions to banks and regulated entities (REs), mandating that the account opening process for the general public be completed within two working days.
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Karachi, July 25, 2025 – The business community has strongly urged the State Bank of Pakistan (SBP) to introduce a significant reduction in the policy rate during the upcoming Monetary Policy Committee (MPC) meeting scheduled for July 30, 2025.
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Karachi, July 25, 2025 – The State Bank of Pakistan (SBP) is expected to reduce the policy rate by 50 basis points to 10.5% in its upcoming monetary policy announcement on July 30, 2025.
(more…)Karachi, July 25, 2025 – The Pakistani rupee extended its upward momentum on Friday, closing stronger at PKR 283.45 against the US dollar in the interbank foreign exchange market.
(more…)Karachi, July 24, 2025 – The Pakistani rupee recorded a sharp gain of 54 paisas against the US dollar on Thursday, closing at PKR 284.22 in the interbank foreign exchange market.
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