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 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.
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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.
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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…)Karachi, March 6, 2025 – The Pakistani rupee posted modest gains against the US dollar on Thursday, benefiting from a decline in global oil prices.
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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.
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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…)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.
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Karachi, March 5, 2025 – Standard Chartered Bank (SCB) Pakistan Limited announced on Wednesday that it paid Rs 59 billion in income tax for the calendar year 2024, reflecting a corporate tax rate of 54.2%.
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Grant Thornton Anjum Rahman, a reputable firm of Chartered Accountants, has raised significant concerns regarding the financial viability of Silkbank Limited.
(more…)Karachi, March 4, 2025 – The Pakistani rupee registered a slight decline against the US dollar on Tuesday, shedding 10 paisas at the close of interbank trading.
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