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.

SBP launches cashless drive for Eid cattle markets

Karachi, May 20, 2025 – The State Bank of Pakistan (SBP) has officially launched a comprehensive nationwide campaign titled “Go Cashless” aimed at promoting digital payments and significantly reducing reliance on cash transactions during the upcoming Eid-ul-Azha festivities.
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May 20, 2025
PKR to USD – May 19, 2025: rupee slips slightly at interbank close

Karachi, May 19, 2025 – The Pakistani rupee witnessed a slight depreciation against the US dollar on Monday, closing lower in the interbank foreign exchange market.
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May 19, 2025
SBP raises MCR for microfinance banks to Rs2 billion

Karachi, May 19, 2025 – The State Bank of Pakistan (SBP) has announced a significant policy revision by increasing the Minimum Capital Requirement (MCR) for microfinance banks (MFBs) to Rs2 billion.
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May 19, 2025
Stable rupee expected amid strengthened external position

Karachi, May 18, 2025 – The Pakistani rupee is anticipated to remain stable in the coming week starting May 19, 2025, supported by an improved external position, including consistent inflows from the International Monetary Fund (IMF) and a sustained current account surplus.
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May 18, 2025
National Assembly approves major tax relief for banks in Pakistan

Islamabad, May 17, 2025 – In a significant move aimed at easing the financial burden on Pakistan’s banking sector, the National Assembly has ratified the Income Tax (Amendment) Bill, 2024, which offers substantial tax relief for banks.
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May 17, 2025
PKR to USD – May 16, 2025: Pakistani rupee weakens slightly

Karachi, May 16, 2025 – The Pakistani rupee ended slightly lower against the US dollar in the interbank foreign exchange market on Friday, closing at PKR 281.66 compared to the previous day’s level of PKR 281.61.
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May 16, 2025
Pakistan Crypto Council chief discusses blockchain with US envoy

Islamabad, May 15, 2025 — In a major step toward deepening U.S.-Pakistan collaboration in the digital space, Bilal Bin Saqib, CEO of the Pakistan Crypto Council, held an important meeting with Natalia Baker, the Acting U.S. Ambassador to Pakistan. The discussion focused on harnessing the power of blockchain and crypto technologies to unlock opportunities for Pakistan’s youth and strengthen bilateral ties.
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May 16, 2025
Bank deposits cross Rs32 trillion for first time in Pakistan’s history

KARACHI, May 15, 2025 — For the first time ever, bank deposits in Pakistan have crossed the Rs32 trillion milestone, marking a historic achievement in the country’s financial landscape.
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May 15, 2025
PKR to USD May 15, 2025: rupee gain against dollar amid inflows

Karachi, May 15, 2025 – The Pakistani rupee (PKR) posted a modest gain against the US dollar on Thursday, strengthening by 11 paisas amid improved market sentiment fueled by foreign inflows.
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May 15, 2025
Pakistani rupee weakens slightly against dollar despite IMF inflows

Karachi, May 14, 2025 – The Pakistani rupee witnessed a marginal decline against the US dollar on Wednesday, slipping by five paisas in the interbank foreign exchange market.
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May 14, 2025