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 20, 2025 – The Pakistani rupee weakened slightly against the US dollar on Tuesday, driven by rising demand for foreign exchange amid upcoming budgetary considerations and increased payments in the corporate and import sectors.
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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.
(more…)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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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.
(more…)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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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.
(more…)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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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.
(more…)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.
(more…)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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