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 1, 2025 – With the holy month of Ramadan approaching, citizens across Pakistan are keenly awaiting the announcement of revised bank timings to plan their financial transactions accordingly.
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Karachi, February 28, 2025 – The State Bank of Pakistan (SBP) has officially declared a Bank Holiday on Monday, March 3, 2025, in line with its annual practice of Zakat deduction.
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Karachi, February 28, 2025 – The Pakistani rupee registered a modest gain against the US dollar on Friday, appreciating by five paisas despite ongoing foreign payment pressures.
(more…)Karachi, February 27, 2025 – The State Bank of Pakistan (SBP) on Thursday issued comprehensive instructions to all banks regarding the deduction of Zakat for the year 2025. The directive is aimed at ensuring the smooth implementation of Zakat deduction as per Islamic financial principles.
(more…)Karachi, February 27, 2025 – The Pakistani rupee continued its downward trajectory on Thursday, depreciating by 10 paisas against the US dollar to settle at PKR 279.72 in the interbank foreign exchange market.
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Karachi, February 27, 2025 – The State Bank of Pakistan (SBP) has imposed a monetary penalty of over Rs 222 million on Bank Alfalah, as per a report released on Thursday.
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The Central Directorate of National Savings (CDNS) has announced a reduction in profit rates on various saving schemes, following the State Bank of Pakistan’s (SBP) decision to lower the key policy rate.
(more…)KARACHI, February 26, 2025 – The Pakistani rupee registered a modest gain of 5 paisas against the US dollar on Wednesday, supported by Ramadan-related foreign inflows. This slight appreciation in the rupee’s value was largely driven by increased remittances from overseas Pakistanis.
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ISLAMABAD, February 26, 2025 – An advisor to US President Donald Trump participated in a high-level meeting on digital assets held in Pakistan. The meeting, attended by various international delegates, including President Trump’s advisors for digital assets, underscored the growing global significance of cryptocurrency and blockchain technology.
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Karachi, February 26, 2025 – United Bank Limited (UBL) has disclosed an ongoing legal dispute with the Federal Board of Revenue (FBR) over tax-related matters.
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