PKR/USD Price & Performance (PKRUSD)

The government has revised profit rates for National Savings Schemes, effective March 20, 2025. Sarwa Islamic Term Account saw the largest increase, up 70 basis points to 10.44%. Meanwhile, Savings Account rates dropped significantly by 100 basis points to 10.50%, marking a mixed trend across investment categories.1

The State Bank of Pakistan has sanctioned Silk Bank's merger into United Bank Limited, effective March 11, 2025. Shareholders of Silk Bank will receive UBL shares at a conversion ratio of one UBL share for every 325 Silk Bank shares. The book closure date is set for March 20, 2025.2