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.

Pakistani Rupee Regains 6 Paisas to Dollar in Interbank Market

Karachi, January 29, 2025 – The Pakistani rupee managed to recover 6 paisas against the US dollar on Wednesday, ending at PKR 278.87 in the interbank foreign exchange market, after experiencing a decline for three consecutive sessions. The previous day’s closing stood at PKR 278.93, marking a modest recovery.
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January 29, 2025
ICMAP Pushes SBP for Faster Interest Rate Reduction Plan

Karachi, January 29, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has called upon the State Bank of Pakistan (SBP) to take a bolder and more proactive approach in reducing the policy rate, emphasizing the need for decisive action to stimulate economic growth and investment.
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January 29, 2025
SBP Awards First Digital Retail Bank License to Easypaisa Bank

Karachi, January 28, 2025 – The State Bank of Pakistan (SBP), led by Governor Jameel Ahmad, has awarded the country’s first-ever Digital Retail Bank (DRB) license to Easypaisa Bank Limited, formerly known as Telenor Microfinance Bank Limited.
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January 28, 2025
PKR to USD: Rupee Dips to 278.93 Against Dollar in Interbank

Karachi, January 28, 2025 – The Pakistani rupee continued its downward trajectory on Tuesday, falling to PKR 278.93 against the US dollar in the interbank foreign exchange market.
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January 28, 2025
New Currency Notes Printing to Begin in FY26: SBP

Karachi, January 27, 2025 – The State Bank of Pakistan (SBP) has announced its plan to initiate the printing of new currency notes featuring advanced security enhancements in the upcoming fiscal year, 2025-26.
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January 27, 2025
SBP Slashes Interest Rate to 12% Amid Inflation Decline

Karachi, January 27, 2025 – The State Bank of Pakistan (SBP) announced a significant reduction in its benchmark policy rate, cutting it by 100 basis points to 12%. The decision, effective from January 28, 2025, was made during the Monetary Policy Committee (MPC) meeting held on Monday.
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January 27, 2025
PKR to USD: Rupee Starts Week with Slight Decline Against Dollar

Karachi, January 27, 2025 – The Pakistani rupee experienced a slight depreciation at the start of the week, falling by 8 paisas against the US dollar in the interbank foreign exchange market. The rupee closed at PKR 278.83 to the dollar on Monday, compared to last Friday’s closing rate of PKR 278.75.
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January 27, 2025
SBP May Surprise With Significant Rate Cut in Today’s MPC

Karachi, January 27, 2025 – The State Bank of Pakistan (SBP) is expected to make headlines by announcing a substantial interest rate cut during today’s Monetary Policy Committee (MPC) meeting. Market experts anticipate a rate cut of at least 100 basis points (bps), which would bring the benchmark policy rate down to 12% from the current 13%.
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January 27, 2025
PKR to USD: Rupee Expected to Remain Steady to Dollar

The Pakistani rupee is expected to maintain stability, staying below the 280 level against the US dollar in the upcoming week, according to a recent market report.
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January 26, 2025
ICMAP Calls for SBP to Reduce Policy Rate to 11%

The Institute of Cost and Management Accountants of Pakistan (ICMAP) has urged the State Bank of Pakistan (SBP) to lower the key policy rate from the current 13% to 11%, advocating for a strategic reduction of 200 basis points (bps) to reinvigorate economic activity, boost investment, and restore confidence in Pakistan’s economy.
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January 26, 2025