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, November 5, 2025 – In a major regulatory move, the State Bank of Pakistan (SBP) has imposed hefty penalties totaling nearly Rs1.5 billion on the National Bank of Pakistan (NBP) following the detection of counterfeit banknotes in its operations.
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Karachi, November 3, 2025 – Hi-Tech Lubricants Limited (HTL) has announced a strategic partnership with JazzCash, one of Pakistan’s leading digital financial service providers, to expand digital payment accessibility across its nationwide retail network.
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Karachi, October 31, 2025 – The Federal Government has appointed Muhammad Amin Khan Lodhi as the Deputy Governor of the State Bank of Pakistan (SBP) for a five-year term, effective October 30, 2025, according to an official statement issued by the SBP on Friday. Mr. Lodhi assumed his responsibilities on the same day.
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Karachi, October 30, 2025 – JazzCash and Mobilink Microfinance Bank, in partnership with key national regulators, have successfully concluded the Scam Awareness Media Competition, significantly advancing public discourse on financial scams and digital safety in Pakistan.
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Karachi, October 30, 2025 – BankIslami Pakistan Limited has reported substantial regulatory penalties and charges amounting to Rs189 million during the nine-month period ended September 30, 2025, according to its latest financial statement.
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Karachi, October 28, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has cautioned that the current 11% policy rate maintained by the State Bank of Pakistan (SBP) may not ease inflationary pressures, as the country’s price surge is mainly driven by supply-side factors rather than demand.
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Karachi, October 28, 2025 – JazzCash, has won the Silver Award in the Banking category at Money20/20 USA 2025, a leading global platform for the financial services ecosystem.
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Karachi, October 27, 2025 – The State Bank of Pakistan (SBP) has decided to keep the benchmark policy rate unchanged at 11 percent during its Monetary Policy Committee (MPC) meeting held on Monday. The decision reflects the central bank’s cautious stance amid rising inflation and global economic uncertainties.
(more…)Karachi, October 26, 2025 – The State Bank of Pakistan (SBP) will hold its next Monetary Policy Committee (MPC) meeting on October 27, 2025, to review the benchmark interest rate.
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Karachi, October 24, 2025 – Meezan Bank Limited (MEBL), Pakistan’s largest Islamic bank, announced an 11% drop in consolidated profit after tax (PAT) for the third quarter ended September 30, 2025, according to a financial statement submitted to the Pakistan Stock Exchange (PSX) on Friday.
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