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, February 23, 2025 – The Pakistani rupee is expected to gain some strength in the coming week, primarily due to foreign inflows linked to Ramadan, according to financial experts.
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Karachi, February 22, 2025 – The State Bank of Pakistan (SBP) has officially released the criteria for participation in Raast, the country’s instant payment system designed to facilitate secure and efficient digital fund transfers.
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Karachi, February 21, 2025 – Standard Chartered Bank (Pakistan) Limited (SCBPL) has reported a remarkable annual profit after tax of Rs 46.06 billion for the financial year ending December 31, 2024, despite a substantial tax payment amounting to Rs 54.55 billion.
(more…)Karachi, February 21, 2025 – The Pakistani rupee weakened further on Friday, reaching PKR 279.57 against the US dollar due to increasing demand for foreign payments.
(more…)Karachi, February 21, 2025 – Foreign banks operating in Pakistan have repatriated a substantial amount of $165 million in profits and dividends during the first seven months (July–January) of the fiscal year 2024-25, according to a report released by the State Bank of Pakistan (SBP).
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Karachi, February 20, 2025 – The State Bank of Pakistan (SBP) has officially announced a revision in SBP profit rates on Naya Pakistan Certificates (NPCs), effective immediately.
(more…)Karachi, February 20, 2025 – The Pakistani rupee witnessed a slight improvement against the US dollar in the interbank foreign exchange market on Thursday.
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Karachi, February 19, 2025 – Habib Bank Limited (HBL) has posted financial results for the fourth quarter of CY24, exceeding analysts’ expectations due to higher-than-anticipated net interest income (NII) and other income.
(more…)Karachi, February 19, 2025 – The Pakistani rupee extended its losing streak for the third consecutive day against the US dollar, as growing foreign payment obligations weighed on the local currency.
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Karachi, February 19, 2025 – United Bank Limited (UBL) has taken a significant step towards strengthening its financial position and supporting its long-term strategic objectives.
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