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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.

Port Qasim Activity

SBP targets overpriced trade transactions in major move

August 14, 2025August 14, 2025Shahnawaz Akhter

Karachi, August 14, 2025 – The State Bank of Pakistan (SBP) has instructed all commercial banks to strengthen oversight on prices declared in trade transactions, introducing detailed due diligence measures aimed at combating Trade-Based Money Laundering (TBML) and Terrorist Financing.

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state bank of pakistan 03

SBP orders banks to implement stricter CDD for traders

August 14, 2025August 14, 2025Shahnawaz Akhter

KARACHI, August 14, 2025 – The State Bank of Pakistan (SBP) has issued a detailed directive requiring banks to enhance their customer due diligence (CDD) processes for all clients engaged in trade-related activities.

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SBP report on banking sector

SBP directs banks to open for Hajj application collection

August 13, 2025August 13, 2025Faisal Shahnawaz

Karachi, August 13, 2025 – The State Bank of Pakistan (SBP) has issued fresh directives to ensure smooth facilitation for intending pilgrims applying for Hajj 2026.

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rupee vs dollar

Pakistani rupee strengthens as SBP eases export rules

August 13, 2025August 13, 2025Faisal Shahnawaz

Karachi, August 13, 2025 – The Pakistani rupee posted a notable recovery on Wednesday, appreciating by 20 paisas against the US dollar, driven largely by recent export-related relaxations announced by the State Bank of Pakistan (SBP).

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Meezan Bank Limited

Meezan Bank reports 10% profit decline in 1HCY25

August 13, 2025August 13, 2025Shahnawaz Akhter

Karachi, August 13, 2025 – Meezan Bank Limited, the country’s largest Islamic bank, announced on Wednesday that its net profit for the first half of the calendar year 2025 (January–June) fell by 10%.

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state bank of pakistan 03

SBP tightens regulations to curb trade-based money laundering

August 12, 2025August 12, 2025Shahnawaz Akhter

Karachi, August 12, 2025 – The State Bank of Pakistan (SBP) has announced a strengthened framework aimed at tightening anti-money laundering (AML) and countering financing of terrorism (CFT) measures in the context of trade transactions.

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rupee vs dollar

Rupee edges higher against dollar in interbank trading

August 12, 2025August 12, 2025Faisal Shahnawaz

Karachi, August 12, 2025 – The Pakistani rupee posted a modest gain against the US dollar in Tuesday’s interbank foreign exchange market, appreciating by three paisas at closing.

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SBP withdraws rules, giving big relief to Pakistan exporters

August 12, 2025August 12, 2025Shahnawaz Akhter

Karachi, August 12, 2025 – In a major relief for Pakistan’s exporters, the State Bank of Pakistan (SBP) has announced the withdrawal of stringent conditions previously imposed under the “Delayed Realization of Export Proceeds” policy.

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rupee vs dollar

Pakistani rupee inches up in interbank despite dollar demand

August 11, 2025August 11, 2025Faisal Shahnawaz

Karachi, August 11, 2025 – The Pakistani rupee posted a modest gain on Monday in the interbank foreign exchange market, despite persistent demand for the US dollar to meet foreign payment obligations.

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Hajj 2023

Banks to remain open on Saturday for Hajj application collection

August 8, 2025August 8, 2025Faisal Shahnawaz

Karachi, August 8, 2025 – The State Bank of Pakistan (SBP) has announced that commercial banks will remain open on Saturday, August 9, to assist in the collection of applications for Hajj 2026.

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