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.
Lahore, March 24, 2025 – MCB Bank Limited, one of Pakistan’s leading financial institutions, has announced a strategic collaboration with Fauree Tech Pvt. Ltd., a fintech company specializing in digital supply chain finance solutions.
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Karachi, March 24, 2025 – The Pakistani rupee weakened against the US dollar on Monday, closing at PKR 280.37 in the interbank foreign exchange market. The decline in the rupee’s value was primarily driven by increased dollar outflows related to import and corporate payments.
(more…)Karachi, March 21, 2025 – Remittances related to Eid-ul-Fitr provided crucial support to the rupee on Friday, preventing a significant decline against the US dollar in the interbank foreign exchange market.
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Karachi, March 21, 2025 – The State Bank of Pakistan (SBP) has officially announced the schedule for bank holidays in connection with Eid-ul-Fitr 2025.
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KARACHI – The government of Pakistan has made significant adjustments to the profit rates on national savings schemes, raising returns on several investment certificates by up to 70 basis points while simultaneously reducing the savings account rate by 100 basis points.
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Pakistan is preparing to formally recognize cryptocurrency as it takes decisive steps towards legalizing digital assets and creating a comprehensive regulatory framework.
(more…)Karachi, March 20, 2025 – The Pakistani rupee experienced a slight decline against the US dollar in the interbank market on Thursday, influenced by rising foreign payment obligations and sustained demand for the greenback.
(more…)Karachi, March 20, 2025 – The State Bank of Pakistan (SBP) has officially announced a bank holiday on March 23, 2025, in observance of Pakistan Day. The announcement, made on Thursday, confirms that all financial institutions under the SBP will remain closed on this date as per the government’s directive for a public holiday.
(more…)Karachi, March 19, 2025 – The Pakistani rupee made a slight gain against the US dollar on Wednesday, benefiting from inflows related to the Eid festival. The increase in remittances from overseas workers contributed to a marginal strengthening of the local currency in the interbank foreign exchange market.
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Karachi, March 18, 2025 – The State Bank of Pakistan (SBP) has announced the issuance of fresh currency notes in large quantities to facilitate the public ahead of Eid ul Fitr.
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