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, August 28, 2025 – Faysal Bank Limited has reported a 28% year-on-year (YoY) decline in net profit for the second quarter ending June 30, 2025, reflecting the impact of rising costs and economic pressures on the banking sector.
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Karachi, August 28, 2025 – United Bank Limited (UBL) has issued an important advisory for former Silkbank account holders, outlining key updates regarding their banking services following the merger of Silkbank with UBL.
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Karachi, August 27, 2025 – The Pakistani rupee posted a modest gain against the US dollar on Wednesday, appreciating by three paisas in the interbank foreign exchange market.
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Karachi, August 27, 2025 – Meezan Bank Limited has achieved a major milestone by surpassing Rs 3 trillion in total deposits by the end of June 2025.
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Islamabad, August 26, 2025 – In a significant development, Pakistan is preparing to draft comprehensive tax policies to govern gains from trading in cryptocurrencies, marking a major step toward regulating digital assets in the country.
(more…)Karachi, August 26, 2025 – The Pakistani rupee showed a minor improvement against the US dollar in Tuesday’s interbank session, gaining one paisa by the day’s close.
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KARACHI, August 26, 2025 – Standard Chartered Bank (Pakistan) Limited (SCBPL) has announced its financial performance for the first half of calendar year 2025, reporting a 23% decline in net profit compared to the same period last year. The results reflect a challenging operating environment and volatility in the banking sector.
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Karachi, August 26, 2025 – The State Bank of Pakistan (SBP) has officially invited applications for its first cohort of the Regulatory Sandbox, a key initiative designed to promote innovation in the country’s financial ecosystem.
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Karachi, August 25, 2025 – The Securities and Exchange Commission of Pakistan (SECP) has introduced a standardized format for board resolutions required for opening corporate bank accounts, a move aimed at promoting uniformity and reducing compliance delays across financial institutions.
(more…)Karachi, August 25, 2025 – The Pakistani rupee continued its upward momentum on Monday, posting a modest appreciation against the greenback in the interbank foreign exchange market.
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