Money and banking drive economic activity by facilitating transactions, savings, and investments. Banks manage financial resources, offer credit, and regulate money supply, ensuring stability and growth in Pakistan’s financial sector.
The Pakistani Rupee witnessed a slight decline, dropping by 9 paisas against the US dollar on Thursday. This fall comes in the wake of heightened demand for foreign currency following the Eid-ul-Adha holidays.
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The Finance Bill 2024 introduces several significant changes to the tax laws affecting Pakistan’s banking sector. According to KPMG Taseer Hadi & Co., the banking sector has experienced substantial growth over the past decade, with assets, liabilities, and investments seeing a dramatic increase.
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Karachi, June 16, 2024 – Analysts and currency traders anticipate the Pakistani rupee to maintain its current range against the US dollar in the coming week.
(more…)Karachi, June 14, 2024 – The Pakistani Rupee on Friday strengthened against the US dollar, appreciating by eight paisas due to strong economic indicators. The interbank foreign exchange market closed at PKR 278.51 to the dollar, up from the previous day’s closing of PKR 278.59.
(more…)Karachi, June 13, 2024 – The Pakistani rupee gained two paisas against the US dollar on Thursday, bolstered by the latest measures introduced in the 2024-25 budget.
(more…)PkRevenue.com – The Pakistani Rupee weakened by 11 paisas against the US dollar on Wednesday, closing at PKR 278.61 from the previous day’s PKR 278.50.
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PkRevenue.com — The State Bank of Pakistan (SBP) on Wednesday officially declared bank holidays on the occasion of Eid-ul-Adha 2024, providing a break for banking sector employees and facilitating nationwide celebrations.
(more…)PkRevenue.com – The Economic Survey of Pakistan 2023-24, released on Tuesday, reported a 6.1 percent decline in consumer loans for the outgoing fiscal year. The survey highlighted a significant net retirement of Rs 52.6 billion in consumer loans during July-March FY 2024, compared to a net retirement of Rs 21.1 billion in the same period last year.
(more…)PkRevenue.com – The Pakistani Rupee has extended its decline by 13 paisas, closing at PKR 278.50 per US dollar on Tuesday, driven by a surge in foreign payments.
(more…)Karachi, June 10, 2024 – The Pakistani Rupee fell by 17 paisas against the US dollar on Monday, driven by a surge in demand for import payments. The rupee closed at PKR 278.37 per dollar in the interbank foreign exchange market, compared to last Friday’s closing of PKR 278.20.
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