Similarly, the annual profit rate on Sarwa Islamic Saving Accounts and Sarwa Islamic Term Accounts has been raised from 9.50 per cent to 9.92 per cent. On the other hand, the profit rate on Defence Savings Certificates has been reduced by 12 basis points, bringing it down from 11.54 per cent to 11.42 per cent. […]
The Monetary Policy Committee (MPC) session, chaired by the Governor SBP, will meet today to decide on the monetary policy. According to economic experts, the policy rate is expected to remain unchanged at 11 per cent due to the prevailing flood situation in the country. They added that the ongoing crisis is likely to drive […]
Pakistan Rupee Strengthens Slightly as Key Currency Rates Dip Islamabad, August 15, 2025 – The Pakistani Rupee (PKR) showed a modest gain against several major foreign currencies on Friday, according to the latest rates from the State Bank of Pakistan (SBP) and data compiled from brokerage houses and Reuters Eikon Terminal. The rates reflect the […]
Experts think that Pakistan’s Monetary Policy Committee (MPC) may lower the interest rate by 0.5% to 1%. This is because inflation is going down and the economy is improving. Right now, the interest rate is 11%, which is much lower than the 22% it was last year. In June 2025, inflation dropped to 3.2%. For […]
Dollar Stays Strong, Other Currencies Drop in Open Market The US Dollar stayed strong in Pakistan’s open market on Monday. According to the Forex Association of Pakistan (FAP), the Dollar was bought at Rs 285.3 and sold at Rs 286.3. The Euro dropped by Rs 2.15 and closed at Rs 330.73, compared to the previous […]
SBP Tells Banks to Open New Accounts in 2 Days and Boost Digital Payments KARACHI – The State Bank of Pakistan (SBP) has asked all banks and financial institutions to open new customer accounts within two working days. This new rule will make it faster and easier for people to get access to banking services. […]
Saudi Riyal Strengthens to Rs75.96, Boosting Pakistan’s Remittance-Driven Economy ISLAMABAD – The Saudi Riyal (SAR) edged higher against the Pakistani Rupee (PKR) to settle at Rs75.9674, underscoring its growing role in stabilizing Pakistan’s economy through strong remittance inflows and bilateral trade ties. Saudi Arabia Tops Pakistan’s Remittance Sources According to the State Bank of Pakistan […]
Benazir Kafalat Registration Begins Under BISP Dynamic Survey 2025 ISLAMABAD – The Government of Pakistan has launched a fresh registration drive under the Benazir Kafalat Program, aiming to ensure that only the most deserving low-income families continue to benefit from the quarterly stipend of Rs13,500. First initiated in 2008, the Benazir Kafalat Program is a […]
Saudi Riyal Hits Rs75.86, Boosting Pakistan’s Economic Outlook The exchange rate of the Saudi Riyal rose to Rs75.86 in the open market on Thursday, with the selling price touching Rs76.43. The increase, fueled by robust remittance inflows and seasonal market dynamics, underscores the Riyal’s critical role in Pakistan’s economic landscape. Saudi Arabia: Pakistan’s Top Remittance […]
The State Bank of Pakistan (SBP) shared some important information about money sent to Pakistan from other countries. In June 2025, Pakistan received $3.4 billion from people living abroad. This is 7.9% more than what was sent in June last year. For the whole year of 2025, the total money sent to Pakistan reached $38.3 […]
