Pankshin is popularly known as its trade hub as most of the people are farmers growing a vast range of food crops such as millet, guinea corn, maize, tomatoes, rice, onions, cabbage, carrot and collections of fruits. Mondays in Pankshin are specifically for trading – buying and selling, hence the name “Monday market” as traders, merchants and people in the environs and as far away as Bauchi come to buy and sell. The postal code of the area is 933. Pankshin inhabitants are mostly Christians with few Traditional Religionists, and a few Muslims respectively.
The predominantly populated church is the Church of Christ in Nations. Other churches include the Roman Catholic Church, Evangelical Church Winning All, an Anglican church, Deeper Life Bible Church, Foursquare Gospel Church, Assemblies of God, The Redeemed Christian church of God, Living faith, Christ Apostolic Church, Christ Embassy etc.
There are four banks currently in Pankshin: UBA opposite NCCF family house, Unity bank, Bank of Agriculture and Union bank of Nigeria. With the increase in the number of students in the institutions, Pankshin will need more banks.