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.
Lower State Bank profits expected to cut federal non-tax revenue by nearly Rs1 trillion in the upcoming fiscal year
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Funds to be raised through Tier 2 capital instruments under Basel III framework to strengthen the bank’s capital base.
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Loan to Support Insurance Reforms and Financial Resilience
ISLAMABAD: The Asian Development Bank (ADB) has approved a US$700 million policy-based loan to support structural reforms in Pakistan’s insurance sector, aiming to broaden coverage, strengthen financial protection and deepen capital markets.
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Tax rates for insurance agents and brokers reduced, while life insurance exemption threshold increased to Rs3.5 million.
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Domestic debt servicing jumps to nearly Rs7 trillion as years of heavy government borrowing deliver another record payday for banks
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Central bank shortens notification timelines and simplifies account conversion procedures to facilitate Islamic banking expansion.
(more…)State Bank of Pakistan maintains stance at 11.5% amid easing tensions, stable reserves, and persistent inflation pressures.
(more…)Central bank bars Islamic banking institutions from placing funds with conventional parent entities through Qard or subsidised financing.
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Central bank outlines priorities on inflation, financial sector development and structural reforms to strengthen policymaking
(more…)Deposit Protection Corporation strengthens financial safety net for millions of bank customers across Pakistan.
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