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.

Businesses remain sluggish despite sharp rate cuts: ICMAP report

Karachi, May 7, 2025 — A new report by the Institute of Cost and Management Accountants of Pakistan (ICMAP) reveals that business activity in Pakistan remains subdued, despite significant reductions in the State Bank of Pakistan’s (SBP) benchmark interest rate.
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May 7, 2025
ICMAP unveils strategic framework for crypto adoption in Pakistan

KARACHI, May 6, 2025 — The Institute of Cost and Management Accountants of Pakistan (ICMAP) has unveiled a landmark proposal aimed at laying the groundwork for responsible crypto adoption in Pakistan.
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May 6, 2025
Pakistani rupee dips to 281.37 against dollar in interbank market

KARACHI – May 6, 2025: The Pakistani rupee continued its downward trajectory on Tuesday, losing further ground against the US dollar in the interbank foreign exchange market.
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May 6, 2025
PKR vs USD – May 5, 2025: rupee slides to 281.22 against dollar

Karachi, May 5, 2025 – The Pakistani rupee continued its downward trajectory against the US dollar, closing at PKR 281.22 in the interbank market on Monday.
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May 5, 2025
SBP cuts benchmark rate to 11%, surpassing market consensus

Karachi, May 5, 2025 — In a move that exceeded market forecasts, the State Bank of Pakistan (SBP) announced a 100 basis point reduction in its benchmark policy rate, bringing it down to 11%, effective May 6, 2025.
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May 5, 2025
Pakistan crypto council achieves major milestones in just 50 days

Islamabad, May 4, 2025 — In a remarkable display of speed and strategic vision, the Pakistan Crypto Council (PCC) has accomplished what many thought improbable — achieving major breakthroughs in global partnerships, policy development, and blockchain diplomacy within just 50 days of its official launch on March 14, 2025. This swift rise places Pakistan at the forefront of crypto innovation across the Global South.
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May 4, 2025
PKR vs USD, May 2, 2025: rupee dips slightly against dollar

Karachi, May 2, 2025 – The Pakistani rupee recorded a marginal decline against the US dollar on Friday, slipping by 9 paisas as the interbank foreign exchange market resumed operations following the Labor Day holiday.
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May 2, 2025
PKR vs USD, April 30, 2025: rupee sees slight gain against dollar

Karachi, April 30, 2025 – The Pakistani rupee made a modest gain against the US dollar on Wednesday, strengthening by 5 paisas in the interbank market.
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April 30, 2025
Allied Bank reports 24% decline in markup income for 1QCY25

Karachi, April 30, 2025 – Allied Bank has reported a significant 24% decline in its markup income for the first quarter of the calendar year 2025, reflecting the impact of falling interest rates and a lower cost of funding.
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April 30, 2025
SBP to announce monetary policy on May 5, 2025

Karachi, April 30, 2025 – The State Bank of Pakistan (SBP) has officially scheduled the announcement of its next monetary policy statement for Monday, May 5, 2025.
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April 30, 2025