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.
Islamabad, March 12, 2025 – The global credit rating agency Moody’s has upgraded Pakistan banking outlook from stable to positive, reflecting improved economic conditions and strengthened financial sector performance.
(more…)
Karachi, March 11, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has expressed strong reservations regarding the State Bank of Pakistan’s (SBP) decision to maintain the policy rate at 12%.
(more…)
Karachi, March 11, 2025 – The Pakistani rupee showed resilience on Tuesday as it appreciated against the US dollar, gaining 12 paisa in the interbank market.
(more…)
Karachi, March 10, 2025 – The inflow of workers’ remittances has surged by an impressive 32.5% during the first eight months (July–February) of the fiscal year 2024-25, according to data released by the State Bank of Pakistan (SBP) on Monday.
(more…)
Karachi, March 10, 2025 – The State Bank of Pakistan (SBP) announced on Monday that it will maintain the benchmark policy rate at 12%, citing the need to manage inflationary pressures amid evolving economic conditions.
(more…)Karachi, March 10, 2025 – The Pakistani rupee experienced a slight decline against the dollar on Monday, closing at PKR 280.07 in the interbank market, down by 10 paisas from last Friday’s rate of PKR 279.97.
(more…)Karachi, March 9, 2025 – The State Bank of Pakistan (SBP) is set to unveil its latest monetary policy statement on Monday, March 10, 2025. The central bank’s Monetary Policy Committee (MPC) will deliberate on potential adjustments to the benchmark policy rate amid an economic landscape marked by decade-low inflation.
(more…)Karachi, March 9, 2025 – The Pakistani rupee is likely to maintain its current trading pattern against the US dollar in the coming week.
(more…)
Islamabad, March 9, 2025 – Pakistan is gearing up to introduce paperless prize bonds as part of a comprehensive strategy to curb black money circulation and strengthen the documentation of the economy.
(more…)Karachi, March 9, 2025 – Investment in premium prize bonds has witnessed a significant surge of 13.21% over the past year, ending on January 31, 2025, according to the latest data released by the State Bank of Pakistan (SBP).
(more…)