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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.

state bank of pakistan 03

SBP announces two-day bank holidays for Eid-ul-Fitr 2026

March 16, 2026March 16, 2026Mrs. Anjum Shahnawaz

Karachi, March 16, 2026 – The State Bank of Pakistan (SBP) has officially declared that all banks will remain closed for two days to observe Eid-ul-Fitr 2026. According to BPRD Circular Letter No. 06, the SBP informed the presidents and chief executives of all banks, Development Finance Institutions (DFIs), and Microfinance Banks (MFBs) regarding the […]

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Pakistan Rupee

Will Rising Global Oil Prices Pressure the Rupee Against the Dollar?

March 15, 2026March 15, 2026Faisal Shahnawaz

Karachi, March 15, 2026 – The Pakistani rupee is expected to remain largely stable in the short term, though rising global oil prices and upcoming external debt repayments could create pressure on the local currency against the US dollar.

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faysalbank-islami

CCP greenlights Maple Leaf Cement’s Faysal Bank investment

March 12, 2026March 12, 2026Faisal Shahnawaz

Islamabad, March 12, 2026 – The Competition Commission of Pakistan (CCP) has approved the acquisition of shares in Faysal Bank Limited by Maple Leaf Cement Factory Limited (MLCF) after conducting a review under the Competition Act, 2010.

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Finance Minister Aurangzeb

Aurangzeb meets bank leaders to review financial situation amid regional developments

March 11, 2026March 11, 2026Mrs. Anjum Shahnawaz

Islamabad, March 11, 2026 – Federal Minister for Finance and Revenue Muhammad Aurangzeb held a virtual meeting with leaders of Pakistan’s banking sector on Wednesday to review the evolving economic and financial situation amid ongoing regional developments.

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SBP report on banking sector

Government borrowing from commercial banks surges 203% in 8MFY26

March 11, 2026March 11, 2026Shahnawaz Akhter

Karachi, March 11, 2026 – The State Bank of Pakistan reported a staggering 203% surge in government borrowing from commercial banks during the first eight months (July–February) of the fiscal year 2025-26, compared to the same period last year.

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Massive cash withdrawals drain Rs790 billion from Pakistan banks in January 2026

March 11, 2026March 11, 2026Shahnawaz Akhter

Karachi, March 11, 2026 – The State Bank of Pakistan has reported that large-scale cash withdrawals wiped out Rs790 billion from the country’s banking system in a single month, highlighting continued liquidity movement among depositors.

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Allied Bank

SBP slaps Rs102 million fine on Allied Bank over compliance violations

March 10, 2026March 10, 2026Shahnawaz Akhter

Karachi, March 10, 2026 – The State Bank of Pakistan (SBP) has imposed a penalty of around Rs102 million on Allied Bank Limited for violations of banking regulations, according to the bank’s latest financial disclosures submitted to the Pakistan Stock Exchange (PSX).

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united bank

UBL launches 40% tax filing discount, disowns any losses to taxpayers

March 9, 2026March 9, 2026Mrs. Anjum Shahnawaz

Karachi, March 9, 2026 – United Bank Limited (UBL) has announced a 40% discount on tax filing services through third-party providers but clarified that it does not assume any liability for taxpayers availing the offer, which is provided to celebrate Ramazan.

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Pakistan Rupee

Rupee maintains upward trajectory against dollar amid global oil price surge

March 9, 2026March 9, 2026Faisal Shahnawaz

KARACHI, March 9, 2026: The Pakistani rupee continued its upward trajectory against the US dollar on Monday, demonstrating resilience despite surging global oil prices that have rattled markets worldwide.

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SBP holds policy rate at 10.50% amid rising macroeconomic risks

March 9, 2026March 9, 2026Faisal Shahnawaz

KARACHI, March 9, 2026: The State Bank of Pakistan (SBP) on Monday announced that it will keep the benchmark key policy rate unchanged at 10.50%, citing a significant increase in risks to the country’s macroeconomic outlook amid global geopolitical uncertainties.

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  • NA committee seeks explanation on new salary tax slabs
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