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, October 9, 2025 – Pakistan’s workers’ remittances from the United States dropped by 10% during the first quarter (July–September) of fiscal year 2025–26, according to new data released by the State Bank of Pakistan (SBP).
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Karachi, September 29, 2025 – The State Bank of Pakistan (SBP) has launched a new cost-sharing scheme aimed at promoting electric bikes and electric rickshaws/loaders across the country.
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Karachi, September 24, 2025 – The State Bank of Pakistan (SBP) has announced a major initiative aimed at promoting affordable housing finance in the country. The scheme, introduced under the government’s “Mera Ghar – Mera Ashiana” program, seeks to make home ownership more accessible for citizens, especially first-time buyers.
(more…)Karachi, September 24, 2025 – The State Bank of Pakistan (SBP) on Wednesday unveiled a Rs3.5 billion subsidy scheme to promote Raast Person-to-Merchant (P2M) QR payments across the country.
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Islamabad, September 23, 2025 – JazzCash has been shortlisted as a finalist at The Money Awards 2025 in two prestigious categories: Payments for accelerating financial inclusion and Banking for innovative lending services. The winners will be announced on October 26, 2025, in Las Vegas, USA.
(more…)Karachi, September 22, 2025 – Commercial banks in Pakistan have experienced a sharp outflow of deposits, as more than Rs1 trillion was withdrawn by customers during July and August, the first two months of the current fiscal year 2025-26.
(more…)Islamabad, September 19, 2025 – Governor State Bank of Pakistan (SBP) Jameel Ahmad inaugurated the JazzCash Experience Lounge in Islamabad, marking another step toward strengthening Pakistan’s digital financial ecosystem.
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The Bank of Punjab (BOP) has reported exceptional financial results for the first half of 2025, ending June 30, despite a challenging banking environment marked by declining interest rates and higher taxes.
(more…)The U.S. Federal Reserve on Wednesday reduced its benchmark federal funds interest rate by 25 basis points, setting the new target range at 4.00 to 4.25 percent.
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In Pakistan’s trade and customs framework, the Electronic Import Form (EIF) plays a central role for all importers of goods. Introduced through the State Bank of Pakistan (SBP) regulations and integrated into the WeBOC (Web-Based One Customs) system, EIF ensures that every import transaction is properly declared, monitored, and aligned with foreign exchange regulations.
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