Category: Money & Banking

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.

Rupee Drops 17 Paisas Amid Surge in Dollar Demand for Imports

Karachi, July 22, 2024 – The Pakistani Rupee depreciated by 17 paisas against the dollar on Monday, pressured by high foreign currency demand for import payments. The rupee closed at PKR 278.30 to the dollar, down from Friday’s closing rate of PKR 278.13 at the interbank foreign exchange market.
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July 22, 2024
Bank Deposits in Pakistan Hit Historic High at Rs 31.12 Trillion

Karachi, July 19, 2024 – Bank deposits in Pakistan have soared to an unprecedented Rs 31.12 trillion, as reported by the State Bank of Pakistan (SBP) on Friday. This marks a significant 22 percent increase from the Rs 25.51 trillion recorded at the end of June 2023.
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July 19, 2024
Rupee Recovers 4 Paisas to Dollar on Improved Forex Reserves

Karachi, July 19, 2024 – The Pakistani Rupee on Friday recovered 4 paisas against the US dollar, buoyed by an improvement in the country’s foreign exchange reserves. The rupee closed at PKR 278.13 to the dollar, compared to the previous day’s closing of PKR 278.17 in the interbank foreign exchange market.
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July 19, 2024
SBP Releases Payment System Report for 3QFY24

Karachi, July 19, 2024 – The State Bank of Pakistan (SBP) has released its Quarterly Payment Systems Report for the third quarter (January-March) of the fiscal year 2023-24, offering a comprehensive review of the country’s payment landscape.
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July 19, 2024
Rupee Weakens 6 Paisas to Dollar in Interbank on July 18, 2024

Karachi, July 18, 2024 – The Pakistani Rupee on Thursday ended down by 6 paisas against the US dollar at the closing of the interbank foreign exchange market.
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July 18, 2024
Bank Deposits of Private Sector Surge by 13.50% in FY24

Karachi, July 16, 2024 – The State Bank of Pakistan (SBP) has reported a significant surge of 13.50% in bank deposits from the private sector during the fiscal year 2023-24, marking a notable increase from the previous year.
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July 16, 2024
Rupee Ends Up 29 Paisas Amid Dollar Inflows Optimism

Karachi, July 15, 2024 – The Pakistani Rupee appreciated by 29 paisas against the US dollar on Monday, closing at PKR 278.11 from last Friday’s PKR 278.40 in the interbank foreign exchange market. This uptick in the rupee’s value is attributed to the prevailing optimism surrounding foreign inflows.
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July 15, 2024
Rupee Outlook Against Dollar Brightens After IMF Agreement

Karachi, July 14, 2024 – The outlook for the Pakistani rupee against the US dollar has improved following a recent staff-level agreement (SLA) between the International Monetary Fund (IMF) and Pakistan.
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July 14, 2024
Rupee Recovers 21 Paisas Against Dollar on IMF Loan Optimism

Karachi, July 12, 2024 – The Pakistani Rupee regained 21 paisas against the US dollar on Friday, buoyed by optimism surrounding a new loan program from the International Monetary Fund (IMF).
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July 12, 2024
SBP Relaxes Conditions for IT Companies to Invest Abroad

Karachi, July 11, 2024 – The State Bank of Pakistan (SBP) has announced a relaxation in conditions for IT sector companies regarding equity investments abroad. This move, unveiled on Thursday, aims to facilitate export-oriented companies in expanding their international presence and boosting the country’s exports.
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July 11, 2024