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.
Pakistan is preparing to formally recognize cryptocurrency as it takes decisive steps towards legalizing digital assets and creating a comprehensive regulatory framework.
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Karachi, March 20, 2025 – The Pakistani rupee experienced a slight decline against the US dollar in the interbank market on Thursday, influenced by rising foreign payment obligations and sustained demand for the greenback.
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Karachi, March 20, 2025 – The State Bank of Pakistan (SBP) has officially announced a bank holiday on March 23, 2025, in observance of Pakistan Day. The announcement, made on Thursday, confirms that all financial institutions under the SBP will remain closed on this date as per the government’s directive for a public holiday.
(more…)Karachi, March 19, 2025 – The Pakistani rupee made a slight gain against the US dollar on Wednesday, benefiting from inflows related to the Eid festival. The increase in remittances from overseas workers contributed to a marginal strengthening of the local currency in the interbank foreign exchange market.
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Karachi, March 18, 2025 – The State Bank of Pakistan (SBP) has announced the issuance of fresh currency notes in large quantities to facilitate the public ahead of Eid ul Fitr.
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Islamabad, March 18, 2025 – JazzCash, in partnership with Salaam Family Takaful Limited, has introduced Salaam Investments, a Shariah-compliant investment solution designed to provide 13 million active JazzCash users with a seamless way to grow their finances while adhering to Islamic principles.
(more…)Karachi, March 18, 2025 – The Pakistani rupee weakened against the US dollar on Tuesday, closing 10 paisas lower in the interbank foreign exchange market.
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Islamabad, March 18, 2025 – The Finance Ministry has officially notified the draft rules for the issuance of digital prize bonds in Pakistan, marking a significant shift towards modernizing the national savings framework.
(more…)Karachi, March 16, 2025 – The Pakistani rupee is expected to remain stable in the upcoming week starting March 17, 2025, as dollar inflows linked to Eid-related remittances provide support to the currency.
(more…)The deadline for PI Coin has officially passed, leading to a surge in selling as many individuals rush to offload their locked accounts. However, many of these sellers fail to grasp the true value of PI Coin, potentially making a costly mistake.
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