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, January 23, 2026 – In a decisive enforcement action, the State Bank of Pakistan (SBP) on Friday cancelled the license of a well-known exchange company, citing serious violations of regulatory requirements governing the foreign exchange sector.
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Karachi, January 23, 2026 – Pakistan’s financial markets are buzzing with optimism as expectations mount that the benchmark policy rate may finally fall into single-digit territory, ending a nearly four-year-long era of elevated interest rates.
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Yields on Pakistan’s short-term government securities have dropped to their lowest level in more than four years, with Treasury Bill (T-bill) cut-off yields returning to single-digit territory following the latest auction conducted by the State Bank of Pakistan (SBP).
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Islamabad, January 21, 2026 – The Competition Appellate Tribunal (CAT) on Wednesday rejected ten long-pending appeals filed by several commercial banks and the Pakistan Banks Association (PBA), upholding penalties totaling around Rs205 million imposed by the Competition Commission of Pakistan (CCP) for cartel-like behavior.
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Karachi, January 21, 2026 – Meezan Bank has announced the allocation of a Rs10 million seed fund to provide venture-capital-style financing for startups recommended by the Korangi Association of Trade and Industry (KATI).
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Islamabad, January 19, 2026 – Jazz has successfully executed a Rs75 billion Interest Rate Swap (IRS) with United Bank Limited (UBL), marking the largest IRS transaction in Pakistan’s history.
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Karachi, January 19, 2026 – The Pakistani rupee (PKR) posted a slight gain against the US dollar (USD) on Monday, strengthening by 3 paisa in the interbank foreign exchange market amid subdued demand from importers.
(more…)Karachi, January 15, 2026 — The State Bank of Pakistan (SBP) has approved exchange companies to use the Raast payment system to process remittances, marking a significant step toward a cashless economy.
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Islamabad – Prime Minister Muhammad Shehbaz Sharif on Wednesday announced the formation of a committee to review and deliberate on new designs for Pakistan’s currency notes. The decision was made during a federal cabinet meeting at the Prime Minister’s House, which focused on key policy matters, including currency modernization, a news release from the Prime Minister’s Office stated.
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Karachi, January 12, 2026 – The Bank of Punjab (BoP) on Monday dismissed reports of a cyberattack on its systems, while confirming that a temporary technical glitch led to unauthorized credit card transactions involving a limited number of its customers.
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