AAOIFI Responds to Industry Feedback on Draft Shari’ah Standard No. 62 for Sukuk
The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) has issued an official response to queries arising from the…
SBP Maintains 3.32% Remuneration Rate on Special Cash Reserve Account for May 2025
The State Bank of Pakistan (SBP) has announced that the remuneration rate for Special Cash Reserve Accounts (US$) will remain…
SECP and Partners Champion Green Financing Through Debt Capital Markets in High-Level Seminar
In a significant push towards climate-resilient and sustainable development financing, the Securities and Exchange Commission of Pakistan (SECP), in partnership…
Former Finance Minister Warns SBP’s Dollar Market Interventions Are Unsustainable Without Reforms
Pakistan’s former finance minister, Dr. Hafeez Pasha, has raised serious concerns over the State Bank of Pakistan’s (SBP) ongoing interventions…
SBP’s Financial Stability Review 2024 Affirms Strong Financial Sector Resilience Amid Economic Recovery
The State Bank of Pakistan (SBP) has released its annual Financial Stability Review (FSR) for 2024, offering an in-depth assessment…
Banking Mohtasib Grants Rs. 1.65 Billion in Customer Relief Amid Rising Digital Complaints in 2024
Karachi, April 2025 — The Institution of Banking Mohtasib Pakistan (BMP) announced that it provided a total relief of Rs.…
SBP Publishes Official Foreign Exchange Rates for April 21, 2025, Offering Crucial Benchmarks for Trade and Finance
The State Bank of Pakistan (SBP) has released the official foreign exchange rates for April 21, 2025, providing market participants,…
FBR Relaunches POS Prize Scheme: Win Up to Rs. 20,000 for Reporting Non-Compliant Invoices
In a renewed effort to combat tax evasion and promote transparency in the retail sector, the Federal Board of Revenue…
Senate Panel Calls on SBP, NBP for Briefing on Loan Disbursement in Underserved Regions
Islamabad, April 19, 2025 – The Senate Functional Committee on Problems of Less Developed Areas has formally requested a detailed…
PM Shehbaz Launches Digital Performance Management System at FBR, Urges Push for Debt-Free Pakistan
ISLAMABAD, April 19, 2025 – In a significant move aimed at modernizing Pakistan’s tax infrastructure and increasing fiscal accountability, Prime…