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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.

coins and money

Exporter suffers major loss after critical bank miscalculation

April 26, 2025April 26, 2025Shahnawaz Akhter

Karachi, April 26, 2025 – In a recent case, a serious miscalculation by a leading Bank caused a substantial financial loss to an exporter, highlighting the critical importance of accurate handling of export proceeds.

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rupee vs dollar

PKR vs USD: Rupee recovers to 280.97 against dollar

April 25, 2025April 25, 2025Faisal Shahnawaz

Karachi, April 25, 2025 – The Pakistani rupee (PKR) showed a modest recovery on Friday, strengthening by 10 paisas to settle at PKR 280.97 against the US dollar (USD), compared to the previous day’s closing of PKR 281.07 in the interbank foreign exchange market.

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Habib Bank Limited

HBL posts strong 1Q CY2025 earnings, surpassing projections

April 25, 2025April 25, 2025Shahnawaz Akhter

Karachi, April 25, 2025 – Habib Bank Limited (HBL) has announced its financial results for the first quarter of calendar year 2025, reporting impressive earnings that surpassed market and industry expectations.

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banking fraud

Bank allows fraudulent transfers via unverified mobile device

April 25, 2025April 25, 2025Shahnawaz Akhter

Karachi, April 25, 2025 – The Banking Mohtasib Pakistan has ordered a major commercial bank to refund Rs1,295,000 to a customer after it allowed fraudulent transfers from his account through a mobile device that was not verified using biometric authentication, violating key security protocols.

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SBP report on banking sector

Pakistan’s bank deposits surge to historic Rs31.63 trillion

April 25, 2025April 25, 2025Shahnawaz Akhter

Karachi, April 25, 2025 – Pakistan’s banking sector has recorded a historic milestone as total bank deposits surged to an unprecedented Rs31.63 trillion by the end of March 2025, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday.

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rupee vs dollar

Rupee slips to 281.07 amid geopolitical tension, dollar demand

April 24, 2025April 24, 2025Faisal Shahnawaz

KARACHI, April 24, 2025 — The Pakistani rupee weakened further against the US dollar on Thursday, slipping to PKR 281.07 amid mounting geopolitical tension and growing pressure on the local currency.

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SBP issues flagship financial stability review for 2024

April 24, 2025April 24, 2025Shahnawaz Akhter

Karachi, April 24, 2025 – The State Bank of Pakistan (SBP) has released its flagship annual publication, the Financial Stability Review (FSR) for the calendar year 2024, offering a comprehensive evaluation of Pakistan’s financial sector.

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rupee vs dollar

Rupee slips by 20 paisas as dollar strengthens globally

April 23, 2025April 23, 2025Faisal Shahnawaz

Karachi, April 23, 2025 — The Pakistani rupee depreciated by 20 paisas against the US dollar on Wednesday, as the greenback gained strength in global currency markets.

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coins and money

Bank caught issuing insurance without account holders consent

April 23, 2025April 23, 2025Shahnawaz Akhter

Karachi, April 23, 2025 – A major bank has come under scrutiny after it was found issuing insurance policies without the consent of its account holders, and deducting premium amounts directly from their deposits.

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BankIslami

BankIslami achieves Rs5.49 billion profit in Q1 2025

April 23, 2025April 23, 2025Shahnawaz Akhter

KARACHI: BankIslami, a prominent name in Pakistan’s Islamic banking landscape, has posted a robust Profit Before Tax (PBT) of Rs5.49 billion for the first quarter ended March 31, 2025.

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