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.

Pakistan receives $3.8 billion in remittances in March 2026 despite Iran war

Karachi, April 8, 2026— Pakistan recorded strong inflows of workers’ remittances in March 2026, reaching $3.8 billion despite ongoing geopolitical tensions linked to the Iran conflict. The figures were released by the State Bank of Pakistan (SBP) on Wednesday, highlighting the resilience of overseas Pakistanis during a period of global uncertainty.
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April 8, 2026
Rupee remains stable against US dollar despite upcoming repayments

Karachi, April 7, 2026 – The Pakistani rupee continued to show stability against the US dollar on Tuesday, even amid concerns over upcoming large external repayments and global economic pressures. According to the State Bank of Pakistan (SBP), the rupee appreciated slightly by one paisa, closing at Rs279.06 against the dollar in the interbank foreign exchange market, compared to the previous day’s closing of Rs279.07.
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April 7, 2026
SBP mandates declaration for foreign inflows above $25,000

KARACHI: The State Bank of Pakistan has introduced a new regulatory requirement making it mandatory to submit a declaration for foreign inflows exceeding $25,000, aiming to enhance transparency and strengthen monitoring of cross-border financial transactions.
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April 7, 2026
SBP launches major reforms to support freelancers and IT exporters

Karachi, April 6, 2026 – The State Bank of Pakistan (SBP) has introduced a series of landmark initiatives aimed at facilitating freelancers and IT exporters, marking a significant step toward strengthening Pakistan’s digital economy.
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April 6, 2026
Pakistani rupee gains strength, appreciates 3 paisa against US dollar

Karachi, April 6, 2026 – The Pakistani rupee continued its positive momentum on Monday, appreciating by 3 paisa against the US Dollar in the interbank foreign exchange market. According to data released by the State Bank of Pakistan, the dollar closed at Rs279.07 compared to Friday’s closing rate of Rs279.10.
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April 6, 2026
SECP approves first Shariah-compliant credit risk-sharing product

Islamabad, April 4, 2026 – The Securities and Exchange Commission of Pakistan (SECP) has approved the country’s first Shariah-compliant credit risk-sharing product, marking a significant milestone in the development of Pakistan’s Islamic finance sector.
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April 4, 2026
Pakistan allows teen bank accounts: SBP new framework

Karachi, April 1, 2026 – In a major step towards financial inclusion, the State Bank of Pakistan (SBP) has introduced a new framework allowing teenagers aged 13 to 18 years to open and operate bank accounts in their own names. The initiative aims to promote savings habits and provide early exposure to financial services among young Pakistanis.
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April 1, 2026
Rupee gains 3 paisa against USD after IMF approval

Karachi, April 1, 2026 – The Pakistani rupee recorded a modest gain of 3 paisa against the US dollar on Wednesday, supported by positive market sentiment following the approval of a Staff-Level Agreement with the International Monetary Fund (IMF). The development has paved the way for Pakistan to potentially access $1.21 billion in external funding.
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April 1, 2026
Bank Alfalah sees interest rate hike risk amid Iran conflict

Karachi, March 31, 2026 – Bank Alfalah Limited has indicated a possible upward trend in interest rates in the coming months, citing heightened geopolitical tensions stemming from the ongoing Iran conflict.
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March 31, 2026
Pakistani rupee strengthens amid Iran conflict, gains 30 paisa

Karachi, March 27, 2026 – The Pakistani rupee has gained 30 paisa against the US dollar since the outbreak of the Iran war on February 28, 2026, demonstrating resilience despite rising global uncertainties.
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March 27, 2026