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, July 9, 2025 – Pakistan has achieved a major milestone by receiving an all-time high of $38.3 billion in remittances during the fiscal year 2024–25, according to data released by the State Bank of Pakistan (SBP) on Wednesday.
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Karachi, July 9, 2025 – The Pakistani rupee extended its losing streak for the fourth consecutive session on Wednesday, continuing to slide against the US dollar in the interbank foreign exchange market.
(more…)Karachi – July 8, 2025 – The rupee continued its downward trajectory for the third consecutive session on Tuesday, slipping under mounting pressure linked to the onset of the new fiscal year.
(more…)Karachi, July 8, 2025 – The federal government is set to raise a record Rs5.57 trillion through borrowing via auctions of government securities during the first quarter (July–September) of the fiscal year 2025-26, as part of its ongoing efforts to manage the budget deficit and fund public expenditure.
(more…)Karachi, July 7, 2025 — The State Bank of Pakistan (SBP) has reaffirmed its commitment to structural reforms aimed at promoting long-term, inclusive economic growth, with a renewed focus on empowering women entrepreneurs. Speaking at the launch ceremony of the Women Entrepreneurs Finance Code in Karachi, SBP Governor Jameel Ahmad emphasized that the central bank is prioritizing reforms to set the stage for sustainable growth in Pakistan.
(more…)Karachi, July 7, 2025 – The Pakistani rupee faced a significant setback on Monday, weakening to PKR 284.22 against the US dollar at the close of interbank trading.
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Karachi, July 6, 2025 – If you’re planning to withdraw large amounts of cash from your bank account and you’re not on the Active Taxpayers List (ATL), there’s something you need to know. From July 1, 2025, banks across Pakistan have begun deducting 0.8% advance income tax on cash withdrawal, according to officials at the Federal Board of Revenue (FBR).
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Karachi, July 5, 2025 – Have you ever wondered how many people in Pakistan are now using their phones to manage their money? The State Bank of Pakistan (SBP) has just released eye-opening figures that highlight a massive shift toward digital banking — especially through mobile devices.
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Karachi, July 5, 2025 – Investment in premium prize bonds has witnessed a robust 20% surge during the 12-month period ending in May 2025, according to the latest data released by the State Bank of Pakistan (SBP).
(more…)Karachi, July 4, 2025 – The Pakistani rupee witnessed a slight depreciation on Friday, losing 11 paisas against the US dollar to close at PKR 283.97 in the interbank foreign exchange market.
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