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, March 14, 2025 – The Pakistani rupee weakened further on Friday, depreciating by 17 paisas against the US dollar, as the country’s foreign exchange reserves continued to decline.
(more…)Karachi, March 13, 2025 – The Pakistani rupee weakened further against the dollar on Thursday, closing at PKR 280.05 in the interbank market due to increased foreign payments from importers and corporate entities.
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KARACHI: United Bank Limited (UBL) has made history by becoming the first bank in Pakistan to integrate Google Wallet, allowing its Mastercard and Visa Debit Card holders to enjoy seamless digital transactions.
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In a significant step toward enhancing digital financial services in Pakistan, JazzCash has officially integrated with Google Wallet.
(more…)Karachi, March 12, 2025 – The Pakistani rupee witnessed a marginal decline against the dollar in the interbank market on Wednesday, as heightened dollar demand for import and corporate payments put pressure on the local currency.
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Islamabad, March 12, 2025 – The global credit rating agency Moody’s has upgraded Pakistan banking outlook from stable to positive, reflecting improved economic conditions and strengthened financial sector performance.
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Karachi, March 11, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has expressed strong reservations regarding the State Bank of Pakistan’s (SBP) decision to maintain the policy rate at 12%.
(more…)Karachi, March 11, 2025 – The Pakistani rupee showed resilience on Tuesday as it appreciated against the US dollar, gaining 12 paisa in the interbank market.
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Karachi, March 10, 2025 – The inflow of workers’ remittances has surged by an impressive 32.5% during the first eight months (July–February) of the fiscal year 2024-25, according to data released by the State Bank of Pakistan (SBP) on Monday.
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Karachi, March 10, 2025 – The State Bank of Pakistan (SBP) announced on Monday that it will maintain the benchmark policy rate at 12%, citing the need to manage inflationary pressures amid evolving economic conditions.
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