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.

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.
(more…)

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%.
(more…)

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.
(more…)

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.
(more…)

January 26, 2025
Investment in Registered Prize Bonds Rises to Rs 58.65 Billion

Karachi, January 25, 2025 – Investment in registered prize bonds has seen a remarkable surge, reaching Rs 58.65 billion by November 2024, according to the latest data released by the State Bank of Pakistan (SBP).
(more…)

January 25, 2025
PKR to USD: Rupee Experiences Marginal Decline of 3 Paisas

Karachi, January 24, 2025 – The Pakistani rupee witnessed a slight decline of 3 paisas against the US dollar on Friday, ending the trading day at PKR 278.75 to the dollar, down from the previous closing of PKR 278.72.
(more…)

January 24, 2025
PKR to USD: Rupee Recovers 13 Paisas to Dollar in Interbank

Karachi, January 23, 2025 – The Pakistani rupee exhibited a modest recovery on Thursday, gaining 13 paisas against the US dollar in the interbank market, supported by improved foreign inflows.
(more…)

January 23, 2025
Analysts Anticipate SBP Policy Rate Cut to 12%

Analysts at Arif Habib Limited predict that the State Bank of Pakistan (SBP) is likely to further reduce the policy rate to 12% in the upcoming monetary policy announcement.
(more…)

January 23, 2025
Banks Witness Rs862Bn Withdrawals Amid Non-Filer Restrictions

Karachi, January 23, 2025 – Banks in Pakistan experienced a massive withdrawal of Rs 862 billion during December 2024 as the government prepared to impose stringent restrictions on non-filers of income tax returns. This significant outflow highlights the uncertainty and apprehension among account holders in response to impending policy changes.
(more…)

January 23, 2025
BML Moves Court for Rs 10 Billion Recovery from Omni Group

Karachi, January 22, 2025 – Bank Makramah Limited (BML) has initiated legal proceedings to recover Rs 10 billion in non-performing loans (NPLs) from the Omni Group and its affiliated entities.
(more…)

January 22, 2025