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.
Tax rates for insurance agents and brokers reduced, while life insurance exemption threshold increased to Rs3.5 million.
(more…)
Domestic debt servicing jumps to nearly Rs7 trillion as years of heavy government borrowing deliver another record payday for banks
(more…)
Central bank shortens notification timelines and simplifies account conversion procedures to facilitate Islamic banking expansion.
(more…)
State Bank of Pakistan maintains stance at 11.5% amid easing tensions, stable reserves, and persistent inflation pressures.
(more…)Central bank bars Islamic banking institutions from placing funds with conventional parent entities through Qard or subsidised financing.
(more…)
Central bank outlines priorities on inflation, financial sector development and structural reforms to strengthen policymaking
(more…)Deposit Protection Corporation strengthens financial safety net for millions of bank customers across Pakistan.
(more…)
New measures allow banks and microfinance banks greater flexibility in converting branches to Islamic banking operations.
(more…)Strong Eid-driven inflows lift overseas remittances to historic peak
ISLAMABAD, June 6, 2026 — Pakistan remittances surged 20% month-on-month in May 2026, reaching a record monthly high as inflows from overseas workers strengthened ahead of Eid, according to official economic data.
(more…)
Two Mauritius-based accounts holding $4.5 million frozen as NAB pursues asset recovery under anti-money laundering laws
The National Accountability Bureau (NAB) Karachi has frozen two foreign bank accounts linked to Bahria Town executives Ahmed Ali Riaz and Mubashira Ali Malik as part of an ongoing investigation into alleged international money laundering.
(more…)