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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.

Finance Ministry 02

Pakistan Explores Crypto Adoption and Regulatory Frameworks

February 25, 2025February 25, 2025Mrs. Anjum Shahnawaz

Islamabad, February 25, 2025 – Pakistan on Tuesday took a significant step towards exploring the adoption of crypto currencies, aligning itself with global best practices to modernize its financial landscape.

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rupee vs dollar

Interbank Closing Rates of Rupee to Dollar – February 25, 2025

February 25, 2025February 25, 2025Faisal Shahnawaz

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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Bitcoin

Pi Coin Poised to Revolutionize Future of Digital Currencies

February 25, 2025February 25, 2025Faisal Shahnawaz

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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Bitcoin BTC

Pi Network Price Fluctuations and Investor Reactions

February 24, 2025February 24, 2025Faisal Shahnawaz

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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Finance Minister Aurangzeb

Tax Policy Will Not Limit to Mathematical Calculation: Aurangzeb

February 24, 2025February 24, 2025Shahnawaz Akhter

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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MCB Bank For Life

Windfall Tax Issue Remains in Lahore High Court: MCB Bank

February 24, 2025February 24, 2025Shahnawaz Akhter

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.

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rupee vs dollar

PKR to USD: Rupee Slides by 11 Paisas in Interbank Market

February 24, 2025February 24, 2025Faisal Shahnawaz

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.

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rupee vs dollar

Ramadan-Related Inflows Expected to Strengthen Rupee

February 23, 2025February 23, 2025Faisal Shahnawaz

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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SBP Issues Criteria for Raast Participation

February 22, 2025February 22, 2025Shahnawaz Akhter

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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Standard Chartered

SCBPL 2024 Earnings: Rs 46B Profit, Rs 54.5B Tax Paid

February 21, 2025February 21, 2025Shahnawaz Akhter

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.

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