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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.

cryto currency Pakistan

ICMAP unveils strategic framework for crypto adoption in Pakistan

May 6, 2025May 6, 2025Shahnawaz Akhter

KARACHI, May 6, 2025 — The Institute of Cost and Management Accountants of Pakistan (ICMAP) has unveiled a landmark proposal aimed at laying the groundwork for responsible crypto adoption in Pakistan.

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rupee vs dollar

Pakistani rupee dips to 281.37 against dollar in interbank market

May 6, 2025May 6, 2025Faisal Shahnawaz

KARACHI – May 6, 2025: The Pakistani rupee continued its downward trajectory on Tuesday, losing further ground against the US dollar in the interbank foreign exchange market.

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rupee vs dollar

PKR vs USD – May 5, 2025: rupee slides to 281.22 against dollar

May 5, 2025May 5, 2025Faisal Shahnawaz

Karachi, May 5, 2025 – The Pakistani rupee continued its downward trajectory against the US dollar, closing at PKR 281.22 in the interbank market on Monday.

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SBP cuts benchmark rate to 11%, surpassing market consensus

May 5, 2025May 5, 2025Shahnawaz Akhter

Karachi, May 5, 2025 — In a move that exceeded market forecasts, the State Bank of Pakistan (SBP) announced a 100 basis point reduction in its benchmark policy rate, bringing it down to 11%, effective May 6, 2025.

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cryto currency Pakistan

Pakistan crypto council achieves major milestones in just 50 days

May 4, 2025May 4, 2025Faisal Shahnawaz

Islamabad, May 4, 2025 — In a remarkable display of speed and strategic vision, the Pakistan Crypto Council (PCC) has accomplished what many thought improbable — achieving major breakthroughs in global partnerships, policy development, and blockchain diplomacy within just 50 days of its official launch on March 14, 2025. This swift rise places Pakistan at […]

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rupee vs dollar

PKR vs USD, May 2, 2025: rupee dips slightly against dollar

May 2, 2025May 2, 2025Faisal Shahnawaz

Karachi, May 2, 2025 – The Pakistani rupee recorded a marginal decline against the US dollar on Friday, slipping by 9 paisas as the interbank foreign exchange market resumed operations following the Labor Day holiday.

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rupee vs dollar

PKR vs USD, April 30, 2025: rupee sees slight gain against dollar

April 30, 2025April 30, 2025Faisal Shahnawaz

Karachi, April 30, 2025 – The Pakistani rupee made a modest gain against the US dollar on Wednesday, strengthening by 5 paisas in the interbank market.

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Allied Bank

Allied Bank reports 24% decline in markup income for 1QCY25

April 30, 2025April 30, 2025Shahnawaz Akhter

Karachi, April 30, 2025 – Allied Bank has reported a significant 24% decline in its markup income for the first quarter of the calendar year 2025, reflecting the impact of falling interest rates and a lower cost of funding.

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SBP to announce monetary policy on May 5, 2025

April 30, 2025May 9, 2026Shahnawaz Akhter

Karachi, April 30, 2025 – The State Bank of Pakistan (SBP) has officially scheduled the announcement of its next monetary policy statement for Monday, May 5, 2025.

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Higher property taxes slow housing loan demand: SBP Report

April 30, 2025April 30, 2025Shahnawaz Akhter

Karachi, April 30, 2025 – The State Bank of Pakistan (SBP) has revealed that increased taxation on property transactions has significantly impacted housing finance, dampening the demand for home-building loans despite a reduction in borrowing costs.

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