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.
Karachi, August 18, 2025 – The Pakistani rupee continued its upward trajectory on Monday, closing near PKR 282 against the US dollar in the interbank market.
(more…)
Karachi, August 17, 2025 – The State Bank of Pakistan (SBP) has instructed banks to adopt stricter compliance procedures under the Anti-Money Laundering (AML) Act 2010, including the option of terminating customer relationships in cases of repeated suspicious activity.
(more…)
Karachi, August 16, 2025 – The State Bank of Pakistan (SBP) has introduced stricter regulatory measures for the issuance of financial instruments (FIs) in connection with trade transactions, making it mandatory to include Harmonized System (H.S.) Codes and Unit of Measurement (UoM) details.
(more…)KARACHI, August 15, 2025 – The Pakistani rupee extended its upward momentum on Friday, appreciating against the US dollar in the interbank foreign exchange market and closing at PKR 282.06.
(more…)KARACHI, August 15, 2025 – The State Bank of Pakistan (SBP) has unveiled a special Rs75 commemorative coin to pay tribute to the courage and sacrifices of Pakistan’s armed forces during the historic Marka-e-Haq, while also marking Independence Day with national pride.
(more…)
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.
(more…)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.
(more…)
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.
(more…)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).
(more…)
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%.
(more…)