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.

FBR launches probe into foreign assets of former SBP governor

Karachi, June 13, 2025 – In a dramatic and high-stakes development, the Federal Board of Revenue (FBR) has initiated a sweeping investigation into the foreign assets of a former governor of the State Bank of Pakistan (SBP) — a figure who once held one of the most powerful economic positions in the country.
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June 13, 2025
SBP launches advanced PRISM+ system as part of Vision 2028

Karachi, June 12, 2025 – In a major stride towards modernizing Pakistan’s financial ecosystem, the State Bank of Pakistan (SBP) has officially announced the launch of its upgraded Real-Time Gross Settlement (RTGS) and Central Securities Depository (CSD) system, named PRISM+, effective June 16, 2025.
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June 12, 2025
SBP to announce monetary policy on June 16, 2025

Karachi, June 12, 2025 – The State Bank of Pakistan (SBP) has confirmed that it will unveil its next monetary policy decision on Monday, June 16, 2025. The Monetary Policy Committee (MPC) of the SBP will convene on the same day to deliberate on the interest rate stance, following which the central bank will issue a Monetary Policy Statement through an official press release.
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June 12, 2025
PKR to USD – June 12, 2025: Rupee slides further against dollar

Karachi, June 12, 2025 – The Pakistani rupee continued its downward trajectory against the US dollar on Thursday, closing at PKR 282.67 in the interbank market—marking a depreciation of 20 paisas from the previous day’s closing rate of PKR 282.47.
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June 12, 2025
Rupee weakens to PKR 282.47 against dollar in interbank market

Karachi, June 11, 2025 – The Pakistani rupee continued its downward trend on Wednesday, closing at PKR 282.47 against the US dollar in the interbank foreign exchange market.
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June 11, 2025
SBP receives nearly $35 billion in remittances during 11MFY25

Karachi, June 11, 2025 – The State Bank of Pakistan (SBP) has reported a substantial increase in remittances, receiving nearly $35 billion during the first eleven months (July to May) of the fiscal year 2024-25. This significant growth highlights the increasing role of overseas Pakistanis in supporting the country’s economy through foreign inflows.
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June 11, 2025
Finance Bill 2025 imposes 20% tax rate on bank profit

Karachi, June 11, 2025 – In a move set to impact millions of savers and investors across the country, the government has proposed a notable increase in the tax rate on profit earned from bank deposits under the Finance Bill 2025.
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June 11, 2025
Pakistani rupee slides slightly against dollar on budget day

Karachi, June 10, 2025 – The Pakistani rupee eased marginally against the US dollar on Tuesday, coinciding with the presentation of the federal budget for fiscal year 2025–26.
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June 10, 2025
Economic Survey 2024-25: monetary policy remains adaptive

Islamabad, June 9, 2025 – The Economic Survey of Pakistan 2024-25 has highlighted that the monetary policy remained adaptive and responsive throughout the fiscal year, maintaining a balance between curbing inflation and fostering economic recovery.
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June 9, 2025
Pakistan moves forward with draft law for cryptocurrency regulation

Islamabad, June 6, 2025 – Pakistan has taken a major step toward regulating digital assets by preparing a draft law that lays the foundation for a comprehensive framework to govern cryptocurrency and virtual assets in the country.
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June 6, 2025