Banking Sector
Pakistan Plans Complete Redesign of Currency Notes; Old Notes to Remain Valid
Pakistan is preparing for a major update to its national currency system as the federal government has decided to redesign all currency notes ranging from Rs. 10 to Rs. 5,000. The move is aimed at modernizing banknotes, enhancing security features, and aligning Pakistan’s currency with international standards, according to sources familiar with the development. Alongside […]
Pakistan’s Foreign Exchange Firms Report Decline in Dollar Sales
Pakistan’s foreign exchange companies have reported a notable decline in dollar sales to banks during the first quarter of fiscal year 2026, reflecting growing pressure on the currency market amid tightening dollar liquidity and slower remittance inflows. According to data released by the Exchange Companies Association of Pakistan (ECAP), exchange firms sold $646 million to […]