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, February 25, 2025 – The Pakistani rupee experienced a slight decline against the dollar on Tuesday, closing lower by one paisa due to rising demand for foreign payments.
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The cryptocurrency landscape is undergoing a significant transformation as Pi Coin moves toward its highly anticipated open mainnet launch. This major milestone is expected to redefine digital currencies, paving the way for a more inclusive, energy-efficient, and user-friendly approach to crypto adoption.
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The price of Pi Network saw a sharp surge following its much-anticipated mainnet launch on Thursday, only to quickly erase those gains.
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Karachi, February 24, 2025 – Finance Minister Muhammad Aurangzeb has emphasized that tax policy formulation should not be confined solely to mathematical calculations but must also consider the broader economic value.
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Karachi, February 24, 2025 – MCB Bank has confirmed that the windfall tax issue remains sub judice before the Lahore High Court, as the bank has successfully secured a stay order.
(more…)Karachi, February 24, 2025 – The Pakistani rupee weakened slightly against the US dollar on Monday, closing lower by 11 paisas due to heightened demand for foreign payments.
(more…)Karachi, February 23, 2025 – The Pakistani rupee is expected to gain some strength in the coming week, primarily due to foreign inflows linked to Ramadan, according to financial experts.
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Karachi, February 22, 2025 – The State Bank of Pakistan (SBP) has officially released the criteria for participation in Raast, the country’s instant payment system designed to facilitate secure and efficient digital fund transfers.
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Karachi, February 21, 2025 – Standard Chartered Bank (Pakistan) Limited (SCBPL) has reported a remarkable annual profit after tax of Rs 46.06 billion for the financial year ending December 31, 2024, despite a substantial tax payment amounting to Rs 54.55 billion.
(more…)Karachi, February 21, 2025 – The Pakistani rupee weakened further on Friday, reaching PKR 279.57 against the US dollar due to increasing demand for foreign payments.
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