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 28, 2025 – The State Bank of Pakistan (SBP) has announced a significant milestone in Pakistan’s financial sector, as the number of retail payments processed in a single quarter has exceeded 2 billion transactions for the first time.
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Karachi, March 27, 2025 – The State Bank of Pakistan (SBP) has instructed all commercial banks to extend their working hours on March 29, 2025, to facilitate taxpayers in making duty and tax payments efficiently.
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Karachi, March 27, 2025 – The Pakistani rupee continued its upward trajectory against the US dollar on Thursday, appreciating by 4 paisas amid renewed optimism surrounding the country’s economic outlook.
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Islamabad, March 26, 2025 – Pakistan is preparing to enter China’s robust capital market by issuing Panda Bonds in Chinese yuan this year, according to Federal Minister for Finance, Senator Muhammad Aurangzeb.
(more…)Karachi, March 26, 2025 – The Pakistani rupee gained 16 paisas against the US dollar on Wednesday, driven by renewed confidence from the International Monetary Fund (IMF) regarding Pakistan’s economic outlook.
(more…)Karachi, March 25, 2025 – The Pakistani rupee continued its downward trend against the US dollar in the interbank foreign exchange market on Tuesday, primarily due to the increasing pressure of foreign payments.
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The Central Bank of the UAE (CBUAE) has introduced a newly designed Dh100 polymer banknote, incorporating advanced security features and a design that highlights the UAE’s rich heritage and ambitious future.
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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.
(more…)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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