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 Rebounds to PKR 278.30 Against Dollar After 3-Day Fall

Karachi, May 23, 2024 – The Pakistani Rupee rebounded on Thursday, reaching PKR 278.30 against the US dollar after a three-day consecutive decline. This gain of 17 paisas from the previous day’s closing of PKR 278.47 in the interbank foreign exchange market marks a positive turn for the local currency.
(more…)

May 23, 2024
Rupee Falls 3rd Consecutive Day, Reaches PKR 278.47 to Dollar

Karachi, May 22, 2024 – The Pakistani Rupee experienced its third consecutive day of decline against the US dollar on Wednesday, closing at PKR 278.47 in the interbank foreign exchange market.
(more…)

May 22, 2024
Rupee Weakens to PKR 278.39 Against Dollar in Interbank

The Pakistani Rupee (PKR) experienced a slight depreciation on Tuesday, falling by 9 paisas against the US dollar in the interbank foreign exchange market.
(more…)

May 21, 2024
Roshan Digital Accounts Face 6% Fall in Inflows in April

Karachi, May 21, 2024 – The inflows into Roshan Digital Accounts (RDAs) saw a 6 percent decline month-on-month (MoM) in April 2024. According to the State Bank of Pakistan (SBP), the inflows into RDAs recorded $171 million in April, down from $182 million in March.
(more…)

May 21, 2024
Bank Deposits in Pakistan Hit Record High at Rs 28.42 Trillion

Karachi, May 20, 2024 – Bank deposits in Pakistan have soared to an unprecedented high, reaching Rs 28.42 trillion by the end of April 2024, according to official data released on Monday.
(more…)

May 20, 2024
Pakistan Rupee Sheds 9 Paisas Against Dollar in Interbank Market

Karachi, May 20, 2024 – The Pakistani Rupee (PKR) has depreciated by 9 paisas against the US dollar at the closing of the interbank foreign exchange market on Monday. The rupee ended at PKR 278.30 to the dollar, down from last Friday’s closing of PKR 278.21.
(more…)

May 20, 2024
Rupee Likely to Stay Stable on Current Account Surplus

Karachi, May 19, 2024 – The Pakistan rupee is expected to remain stable against the US dollar in the upcoming week starting May 20, 2024, buoyed by a current account surplus recorded in April 2024.
(more…)

May 19, 2024
Bearer Prize Bonds Worth Rs 4.61 Billion Still Unclaimed

Karachi, May 19, 2024 – According to the latest data released by the State Bank of Pakistan (SBP), bearer prize bonds worth Rs 4.61 billion remain unclaimed as of March 2024. These bonds are set to expire on June 30, 2024, after which they will hold no value.
(more…)

May 19, 2024
Rupee Rebounds to End at PKR 278.21 Against Dollar

Karachi, May 17, 2024 – The Pakistani rupee on Friday demonstrated resilience by rebounding against the US dollar, closing at PKR 278.21, maintaining its position from the previous day’s closing in the interbank foreign exchange market.
(more…)

May 17, 2024
Rupee Weakens in Interbank to End PKR 278.40 Against Dollar

The Pakistani rupee weakened against the US dollar, closing at PKR 278.40 in the interbank foreign exchange market on Thursday, May 16, 2024.
(more…)

May 16, 2024