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.

CDNS Announces Draw Schedule 2025 for Premium Prize Bonds

Islamabad: The Central Directorate of National Savings (CDNS) has officially announced the draw schedule for premium prize bonds for the year 2025. This announcement brings anticipation for investors who have placed their savings in premium prize bonds, offering lucrative prizes and periodic profit payments.
(more…)

March 9, 2025
Ramadan Bank Timings in Pakistan Next Week

Karachi, March 8, 2025 – Citizens across Pakistan are advised to take note of the revised Ramadan bank timings for the upcoming week.
(more…)

March 8, 2025
SBP Imposes Rs 134.61 Million Penalty on JS Bank

Karachi, March 8, 2025 – The State Bank of Pakistan (SBP) has imposed a monetary penalty of Rs 134.61 million on JS Bank Limited during the calendar year 2024.
(more…)

March 8, 2025
SBP Mandates VPN Access for Regulated Entities

Karachi, March 7, 2025 – The State Bank of Pakistan (SBP) has announced a mandatory transition to Virtual Private Network (VPN)-based access for regulated entities (REs) using its hosted portals.
(more…)

March 7, 2025
Interbank PKR to USD: Rupee Dips 15 Paisas to Dollar

Karachi, March 7, 2025 – The Pakistani rupee experienced a decline against the US dollar on Friday, losing 15 paisas in the interbank market due to heightened import payment pressures and diminishing foreign exchange reserves.
(more…)

March 7, 2025
MPC Meets on March 10 to Decide Interest Rate: SBP

Karachi, March 6, 2025 – The State Bank of Pakistan (SBP) announced on Thursday that the Monetary Policy Committee (MPC) will convene on Monday, March 10, 2025, to deliberate on the policy interest rate.
(more…)

March 6, 2025
Rupee Makes Modest Gains Against Dollar Amid Global Oil Decline

Karachi, March 6, 2025 – The Pakistani rupee posted modest gains against the US dollar on Thursday, benefiting from a decline in global oil prices.
(more…)

March 6, 2025
BankIslami to Challenge Windfall Tax in Supreme Court

Karachi, March 6, 2025 – BankIslami Pakistan Limited has decided to challenge the imposition of windfall tax in the Supreme Court of Pakistan after its petition was dismissed by the Sindh High Court.
(more…)

March 6, 2025
Banks Plan to Move Supreme Court on Windfall Tax

Karachi, March 6, 2025 – A group of banks in Pakistan is preparing to approach the Supreme Court to challenge the recent Sindh High Court decision regarding the windfall tax imposed on foreign exchange income.
(more…)

March 6, 2025
PKR to USD: Rupee Declines Further Amid Dollar Demand

Karachi, March 5, 2025 – The rupee extended its losses against the dollar on Wednesday, weighed down by heightened demand for import and corporate payments, currency dealers said.
(more…)

March 5, 2025