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Category: Money & Banking

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.

rupee vs dollar

Rupee gains ground, closes at 281.77 against dollar

August 29, 2025August 29, 2025Faisal Shahnawaz

Karachi, August 29, 2025 – The Pakistani rupee continued its upward trajectory on Friday, appreciating by three paisas against the dollar, and settling at PKR 281.77 in the interbank foreign exchange market.

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state bank of pakistan 03

SBP orders banks to track billions in outward remittances

August 29, 2025August 29, 2025Shahnawaz Akhter

KARACHI, August 29, 2025 – The State Bank of Pakistan (SBP) has instructed all banks to provide detailed data on outward remittances and foreign exchange transactions sent abroad by corporate entities and individual investors.

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SBP announces 27% drop in after-tax profit for FY25

August 28, 2025August 28, 2025Shahnawaz Akhter

Karachi, August 28, 2025 – The State Bank of Pakistan (SBP) has reported a sharp 27% decline in its after-tax profit for the fiscal year 2024-25, reflecting a challenging financial environment.

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SECP Annual Report

SECP grants digital lending license to boost investment

August 28, 2025May 28, 2026Faisal Shahnawaz

Islamabad, August 28, 2025 – The Securities and Exchange Commission of Pakistan (SECP) has taken a major step toward advancing digital finance by granting a digital lending license to Foremost Financial Services (Pvt) Limited, enabling it to operate as a Non-Banking Finance Company (NBFC).

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rupee vs dollar

PKR vs USD: rupee records modest gain of 3 paisas

August 28, 2025August 28, 2025Faisal Shahnawaz

Karachi, August 28, 2025 – The Pakistani rupee strengthened slightly against the US dollar on Thursday, posting a modest gain of three paisas in the interbank foreign exchange market.

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faysalbank-islami

Faysal Bank reports 28% decline in second quarter profit

August 28, 2025August 28, 2025Faisal Shahnawaz

Karachi, August 28, 2025 – Faysal Bank Limited has reported a 28% year-on-year (YoY) decline in net profit for the second quarter ending June 30, 2025, reflecting the impact of rising costs and economic pressures on the banking sector.

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united bank

UBL issues notice to former Silkbank account holders

August 28, 2025August 28, 2025Faisal Shahnawaz

Karachi, August 28, 2025 – United Bank Limited (UBL) has issued an important advisory for former Silkbank account holders, outlining key updates regarding their banking services following the merger of Silkbank with UBL.

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rupee vs dollar

PKR vs USD: rupee strengthens by 3 paisas in interbank

August 27, 2025August 27, 2025Faisal Shahnawaz

Karachi, August 27, 2025 – The Pakistani rupee posted a modest gain against the US dollar on Wednesday, appreciating by three paisas in the interbank foreign exchange market.

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Meezan Bank Limited

Meezan Bank surpasses Rs 3 trillion as digital drive pays off

August 27, 2025August 27, 2025Shahnawaz Akhter

Karachi, August 27, 2025 – Meezan Bank Limited has achieved a major milestone by surpassing Rs 3 trillion in total deposits by the end of June 2025.

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cryto currency Pakistan

Pakistan moves to frame tax policies for cryptocurrencies

August 26, 2025August 26, 2025Mrs. Anjum Shahnawaz

Islamabad, August 26, 2025 – In a significant development, Pakistan is preparing to draft comprehensive tax policies to govern gains from trading in cryptocurrencies, marking a major step toward regulating digital assets in the country.

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