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.
The Bank of Punjab (BOP) has reported exceptional financial results for the first half of 2025, ending June 30, despite a challenging banking environment marked by declining interest rates and higher taxes.
(more…)The U.S. Federal Reserve on Wednesday reduced its benchmark federal funds interest rate by 25 basis points, setting the new target range at 4.00 to 4.25 percent.
(more…)
In Pakistan’s trade and customs framework, the Electronic Import Form (EIF) plays a central role for all importers of goods. Introduced through the State Bank of Pakistan (SBP) regulations and integrated into the WeBOC (Web-Based One Customs) system, EIF ensures that every import transaction is properly declared, monitored, and aligned with foreign exchange regulations.
(more…)
Karachi, September 17, 2025 – The State Bank of Pakistan (SBP) has issued a directive making it mandatory for commercial banks to establish Electronic Data Interchange (EDI) with the Pakistan Single Window (PSW).
(more…)
Karachi, September 17, 2025 – The Pakistani rupee gained marginal ground against the US dollar on Wednesday, closing at PKR 281.50 in the interbank foreign exchange market.
(more…)
Karachi – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has highlighted the urgent need for a more balanced monetary approach in light of the devastating floods that recently hit the country.
(more…)
Islamabad, September 16, 2025 – Prime Minister Muhammad Shehbaz Sharif on Tuesday inaugurated the Mashreq Digital Retail Bank, describing it as a milestone in Pakistan’s journey toward a fully digital and paperless economy.
(more…)Karachi, September 16, 2025 – The Pakistani rupee registered a slight improvement against the US dollar in the interbank foreign exchange market on Tuesday.
(more…)
Karachi, September 15, 2025 – Aimed at raising scam awareness and mitigation among digital financial services users, Karachi School of Business & Leadership (KSBL) is launching the Scam Awareness Media Competition, powered by JazzCash and Mobilink Microfinance Bank Limited (MMBL).
(more…)
Karachi, September 15, 2025 – The State Bank of Pakistan (SBP) has officially launched the Climate Risk Fund (CRF-I) under the World Bank–supported Resilient and Accessible Microfinance (RAM) Project.
(more…)