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, April 26, 2025 – In a recent case, a serious miscalculation by a leading Bank caused a substantial financial loss to an exporter, highlighting the critical importance of accurate handling of export proceeds.
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Karachi, April 25, 2025 – The Pakistani rupee (PKR) showed a modest recovery on Friday, strengthening by 10 paisas to settle at PKR 280.97 against the US dollar (USD), compared to the previous day’s closing of PKR 281.07 in the interbank foreign exchange market.
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Karachi, April 25, 2025 – Habib Bank Limited (HBL) has announced its financial results for the first quarter of calendar year 2025, reporting impressive earnings that surpassed market and industry expectations.
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Karachi, April 25, 2025 – The Banking Mohtasib Pakistan has ordered a major commercial bank to refund Rs1,295,000 to a customer after it allowed fraudulent transfers from his account through a mobile device that was not verified using biometric authentication, violating key security protocols.
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Karachi, April 25, 2025 – Pakistan’s banking sector has recorded a historic milestone as total bank deposits surged to an unprecedented Rs31.63 trillion by the end of March 2025, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday.
(more…)KARACHI, April 24, 2025 — The Pakistani rupee weakened further against the US dollar on Thursday, slipping to PKR 281.07 amid mounting geopolitical tension and growing pressure on the local currency.
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Karachi, April 24, 2025 – The State Bank of Pakistan (SBP) has released its flagship annual publication, the Financial Stability Review (FSR) for the calendar year 2024, offering a comprehensive evaluation of Pakistan’s financial sector.
(more…)Karachi, April 23, 2025 — The Pakistani rupee depreciated by 20 paisas against the US dollar on Wednesday, as the greenback gained strength in global currency markets.
(more…)Karachi, April 23, 2025 – A major bank has come under scrutiny after it was found issuing insurance policies without the consent of its account holders, and deducting premium amounts directly from their deposits.
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KARACHI: BankIslami, a prominent name in Pakistan’s Islamic banking landscape, has posted a robust Profit Before Tax (PBT) of Rs5.49 billion for the first quarter ended March 31, 2025.
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