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 8, 2025 – The State Bank of Pakistan (SBP) has announced that commercial banks will remain open on Saturday, August 9, to assist in the collection of applications for Hajj 2026.
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Karachi, August 8, 2025 – The Pakistani rupee continued its upward trajectory against the US dollar on Friday, supported by strong inflows from export earnings and workers’ remittances.
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Karachi, August 8, 2025 – Pakistan recorded an inflow of $3.21 billion in workers’ remittances during July 2025, according to data released by the State Bank of Pakistan (SBP) on Friday.
(more…)Karachi, August 7, 2025 – The Pakistani rupee made a modest recovery on Thursday, gaining 11 paisas against the US dollar at the close of trading in the interbank foreign exchange market.
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Karachi, August 7, 2025 – Bank Alfalah Limited has revealed that it is currently involved in several disputes with both federal and provincial tax authorities.
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Karachi, August 6, 2025 – MCB Bank has paid a record Rs33 billion in income tax during the first half of calendar year 2025 (January to June), surpassing its net profit of Rs29.39 billion for the same period, according to the consolidated financial results submitted to the Pakistan Stock Exchange (PSX).
(more…)KARACHI, August 6, 2025 – The Pakistani rupee on Wednesday ended its impressive 10-day rally against the US dollar, slipping by 10 paisas in the interbank market amid mounting pressure from rising import payments.
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Karachi, August 5, 2025 – The Federal Board of Revenue (FBR) has reported a 5% decline in tax collection from profits on bank deposits during the fiscal year 2024-25, even as the country’s banking sector witnessed record-breaking deposit levels.
(more…)Karachi, August 5, 2025 – The Pakistani rupee continued its impressive rally against the U.S. dollar for the tenth consecutive trading session on Tuesday, reflecting growing investor confidence and macroeconomic stability.
(more…)Karachi, August 4, 2025 — The Pakistani rupee is on fire! In a stunning show of resilience, the rupee extended its winning streak for the ninth consecutive session against the US dollar in the interbank foreign exchange market on Monday.
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