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, May 26, 2025 – The Pakistani rupee witnessed a slight dip of 9 paisas against the US dollar on Monday, closing at PKR 282.06 in the interbank foreign exchange market. This marks a minor decline from last Friday’s closing rate of PKR 281.97.
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Karachi, May 25, 2025 – The International Monetary Fund (IMF) has imposed rigorous new conditions on the State Bank of Pakistan (SBP) regarding the provision of foreign exchange data, as part of Pakistan’s commitments under the Extended Fund Facility (EFF).
(more…)Karachi, May 25, 2025 – The Pakistani rupee is expected to come under renewed pressure against the US dollar in the days leading up to the federal budget for fiscal year 2025-26, set to be announced on June 10, 2025.
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Banks in Pakistan have called upon the government to restore the original tax treatment on bad debts as part of their proposals for the upcoming budget 2025–26.
(more…)Karachi, May 23, 2025 – The Pakistani rupee made a modest recovery against the dollar in the interbank foreign exchange market on Friday, offering a glimmer of relief as economic indicators show cautious optimism.
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Karachi, May 23, 2025 – The State Bank of Pakistan (SBP) has officially announced that all banks across the country will remain closed on Wednesday, May 28, 2025, in observance of Youm-e-Takbeer.
(more…)Karachi, May 22, 2025 – The Pakistani rupee continued to edge lower on Thursday, closing at PKR 282.06 against the US dollar in the interbank foreign exchange market.
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Karachi, May 21, 2025 – In a significant move impacting millions of small investors, Pakistan has sharply reduced the profit rates on various national saving instruments, bringing most returns down to single digits.
(more…)Karachi, May 21, 2025 – The Pakistani rupee showed a marginal weakening on Wednesday, edging closer to the 282 mark against the US dollar at the close of trading in the interbank foreign exchange market.
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Karachi, May 21, 2025 – Banks in Pakistan have raised significant concerns regarding the existing framework for tax recovery enforced by the Federal Board of Revenue (FBR) on account holders.
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