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