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, June 11, 2025 – In a move set to impact millions of savers and investors across the country, the government has proposed a notable increase in the tax rate on profit earned from bank deposits under the Finance Bill 2025.
(more…)
Karachi, June 10, 2025 – The Pakistani rupee eased marginally against the US dollar on Tuesday, coinciding with the presentation of the federal budget for fiscal year 2025–26.
(more…)
Islamabad, June 9, 2025 – The Economic Survey of Pakistan 2024-25 has highlighted that the monetary policy remained adaptive and responsive throughout the fiscal year, maintaining a balance between curbing inflation and fostering economic recovery.
(more…)
Islamabad, June 6, 2025 – Pakistan has taken a major step toward regulating digital assets by preparing a draft law that lays the foundation for a comprehensive framework to govern cryptocurrency and virtual assets in the country.
(more…)The European Central Bank (ECB) has cut interest rates by 25 basis points, marking its latest effort to support the eurozone economy amid a cooling inflation environment. The move reflects growing confidence that inflation is steadily converging toward the ECB’s medium-term target.
(more…)Karachi, June 5, 2025 – The Pakistani rupee witnessed a slight recovery against the US dollar in Thursday’s interbank trading, gaining support ahead of the Eid-ul-Adha holidays.
(more…)Karachi, June 4, 2025 – The Pakistani rupee continued its downward trend on Wednesday, extending losses against the US dollar in the interbank foreign exchange market. At the close of trading, the rupee settled at PKR 282.22, marking a decline of 10 paisas from the previous day’s closing rate of PKR 282.12 in the interbank market.
(more…)Karachi, June 3, 2025 — The Pakistani rupee continued its downward trajectory on Tuesday, depreciating by 15 paisas against the US dollar, primarily due to a spike in foreign payments ahead of the federal budget 2025-26.
(more…)
Karachi, June 3, 2025 — The State Bank of Pakistan (SBP) has officially announced its closure schedule in observance of Eid-ul-Adha, confirming that all banking operations will remain suspended from Friday, June 6 to Monday, June 9, 2025.
(more…)Islamabad, June 2, 2025 – The legitimacy of the recently established Pakistan Crypto Council came under scrutiny during a meeting of the Senate Standing Committee on Information Technology, as several lawmakers expressed reservations about the Council’s legal standing and procedural transparency.
(more…)