Nov 7

US Dollar falls by 26 paisas to PKR 221.66 in interbank market

KARACHI: The US Dollar fell by 26 paisas against the Pakistani Rupee (PKR) on Monday to end at PKR 221.26 in interbank foreign exchange market. The exchange rate witnessed a recovery of 26 paisas in the rupee value to end PKR 221.26 from last Friday’s closing of PKR 221.92 in interbank foreign exchange market. READ […]

by Faisal Shahnawaz

Rupee inches up against dollar to end PKR 221.92

Nov 4

Money & Banking

Rupee inches up against dollar to end PKR 221.92

The Pakistani Rupee (PKR) displayed resilience on Friday, registering a modest gain of three paisas against the US dollar in the interbank foreign exchange market. The exchange rate closed at PKR 221.92 to the dollar, compared to the previous day’s closing of PKR 221.95.

by Faisal Shahnawaz

Pakistan should ban trade in cash dollars: forex association

Nov 3

Pakistan should ban trade in cash dollars: forex association

KARACHI: The government should immediately ban trade in cash dollars to prevent depreciation in Pakistani Rupee (PKR), forex association demanded on Thursday. Exchange Companies Association of Pakistan (ECAP) in a statement claimed that an amount of around $2 billion transferred to Afghanistan which was pressurizing the foreign exchange reserves of Pakistan. READ MORE: Dollar extends […]

by Hamza Shahnawaz

Faysal Bank enables donations through WhatsApp

Nov 3

Money & Banking, National

Faysal Bank enables donations through WhatsApp

KARACHI: Faysal Bank Limited as part of its digital transformation journey has introduced a new innovative feature of Donation Payments via its WhatsApp banking channel. Faysal Islami WhatsApp Banking enables its subscribers to make real-time donation payments to over 25 reputable charitable organizations such as SKMT, TCF, SIUT, Indus Hospital, Alamgir Welfare Trust and Pink […]

by Hamza Shahnawaz

Dollar extends gain to reach PKR 221.95 in interbank

Nov 3

Money & Banking, Top stories

Dollar extends gain to reach PKR 221.95 in interbank

KARACHI: The US dollar extended gain against the Pakistani Rupee (PKR) on Thursday to end at PKR 221.95 in interbank foreign exchange market. The exchange rate recorded a decline of 52 paisas in rupee value to end at PKR 221.95 against the dollar from previous day’s closing of PKR 221.43 in the interbank foreign exchange […]

by Faisal Shahnawaz

Pakistan, China sign agreement for RMB clearance

Nov 2

Money & Banking

Pakistan, China sign agreement for RMB clearance

KARACHI: The central banks of Pakistan and China have signed an agreement for establishing RMB (Chinese currency) clearing arrangement. State Bank of Pakistan (SBP) and Peoples Bank of China (PBoC) have signed an MOU on establishing RMB (Chinese currency) clearing arrangements in Pakistan, according to a statement issued on Wednesday. The MOU was signed by […]

by Faisal Shahnawaz

Final chance to encash bearer prize bonds: SBP

Nov 2

Money & Banking, Top stories

Final chance to encash bearer prize bonds: SBP

KARACHI: The final chance has been given to public to exchange or encash bearer prize bonds with various denominations by June 30, 2023. The State Bank of Pakistan (SBP) in a statement on Wednesday said that the federal government had given another opportunity to the public to get the withdrawn prize bonds of Rs.7500, 15,000, […]

by Faisal Shahnawaz

Dollar gains 78 paisas to end PKR 221.43 in interbank

Nov 2

Money & Banking

Dollar gains 78 paisas to end PKR 221.43 in interbank

KARACHI: The US dollar gained 78 paisas against the Pakistani Rupee (PKR) on Wednesday to end at PKR 221.43 in the interbank foreign exchange market. Currency experts said that mounting political uncertainty put pressure on the local currency. READ MORE: Rupee gains 24 paisas to end PKR 220.65 against US dollar The exchange rate recorded […]

by Mrs. Anjum Shahnawaz

Banking Mohtasib opens new Faisalabad regional office

Nov 1

Money & Banking

Banking Mohtasib opens new Faisalabad regional office

KARACHI: A new Regional Office of Banking Mohtasib Pakistan (BMP) has become functional at SBP BSC, Faisalabad premises from Tuesday November 01, 2022. With the opening of new office, the complainants of Faisalabad and its adjoining areas would be facilitated as earlier these customers had to travel to Multan and Lahore for redressal of their […]

by Faisal Shahnawaz

Faysal Bank posts 51% growth in profit before tax

Nov 1

Corporate, Money & Banking

Faysal Bank posts 51% growth in profit before tax

Faysal Bank Limited has posted a massive growth of 51 per cent in its profit before tax for nine months period ended September 30, 2022. According to a statement issued on Tuesday, Faysal Bank Limited achieved the landmark of Rs1 trillion mark in balance sheet footings with a record profit before tax of Rs15.0 billion, […]

by Faisal Shahnawaz