Dollar Climbs Slightly to Close at PKR 278.33 in Interbank Market
Karachi, April 17, 2024 – The US Dollar experienced a marginal increase against the Pakistani Rupee (PKR), closing at PKR 278.33 in the interbank foreign exchange market on Monday.
Karachi, April 17, 2024 – The US Dollar experienced a marginal increase against the Pakistani Rupee (PKR), closing at PKR 278.33 in the interbank foreign exchange market on Monday.
The Pakistani Rupee is expected to maintain its steadiness against the US dollar in the week commencing April 22, 2024, buoyed by robust foreign exchange reserves and positive developments regarding a potential new loan program with the International Monetary Fund (IMF).
Karachi, April 19, 2024 – A comprehensive survey conducted by Topline Securities Limited has dismissed any speculation regarding an increase in the benchmark policy rate by the State Bank of Pakistan (SBP) in the forthcoming monetary policy statement, shedding light on key market sentiments and expectations.
Karachi, April 19, 2024 – After a prolonged downward trend, the Pakistani Rupee staged a notable recovery on Friday, ending its four-day losing streak by gaining PKR 0.13 against the US Dollar in the interbank foreign exchange market.
President Asif Ali Zardari has commended the Banking Mohtasib for its remarkable efforts in processing over 25,000 complaints and extending monetary relief amounting to Rs. 1.26 billion to banking customers during the year 2023.
Karachi, April 18, 2024 – The US Dollar continued its upward trajectory against the Pakistani Rupee (PKR) on Thursday, marking the fourth consecutive day of gains in the interbank foreign exchange market.
Meezan Bank Limited, the largest Islamic bank in Pakistan, Thursday announced a staggering 64.46 percent surge in profit, reaching Rs 25.54 billion in the first quarter of calendar year 2024.
Karachi, April 18, 2024 – In a historic milestone for Pakistan’s financial landscape, bank deposits have soared to unprecedented levels, surpassing the Rs 28 trillion mark for the first time in history.
Karachi, April 17, 2024 – The Pakistani Rupee (PKR) continued its downward trajectory against the US dollar on Wednesday, marking its third consecutive fall to end at PKR 278.40 at the interbank foreign exchange market.
Karachi, April 17, 2024 – The State Bank of Pakistan (SBP) has wielded its regulatory authority, imposing a hefty penalty of Rs 776 million on several banks and an exchange company for breaching regulations during the first quarter of 2024, which ended on March 31.