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.

KCCI Submits Taxation Plan for Cryptocurrency Income in Pakistan

The Karachi Chamber of Commerce and Industry (KCCI) has proposed a comprehensive plan to tax income derived from cryptocurrency transactions within Pakistan’s jurisdiction, marking a significant step towards regulating the burgeoning digital asset market in the country.
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May 16, 2024
Bank Deposits of Salaried Persons Surge by 25%: SBP Report

Karachi, May 15, 2024 – Bank deposits of salaried individuals have experienced a remarkable surge, soaring by 25 percent year on year in April 2024, as revealed by the State Bank of Pakistan (SBP) on Wednesday.
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May 15, 2024
Rupee Slips to PKR 278.26 against Dollar at Interbank Closing

Karachi, May 15, 2024 – The Pakistani Rupee (PKR) experienced a slight setback against the US Dollar on Wednesday, reaching PKR 278.26 in the interbank foreign exchange market, marking a decline of 8 paisas from the previous day’s closing at PKR 278.18.
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May 15, 2024
CDNS Reduces Interest Rates on Key Savings Schemes

Islamabad, May 14, 2024 – The Central Directorate of National Savings (CDNS) has implemented adjustments to the interest rates on several significant savings schemes, with some witnessing reductions while others experience increases.
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May 14, 2024
Rupee Recovers to PKR 278.18 against Dollar on May 14th

Karachi, May 14, 2024 – The Pakistani Rupee exhibited a slight recovery on Tuesday, gaining two paisas to close at PKR 278.18 against the dollar in the interbank foreign exchange market, reversing a downward trend observed a day earlier when it closed at PKR 278.20.
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May 14, 2024
Deadline Approaches for Unregistered Prize Bonds in Pakistan

With the expiration date looming, holders of unregistered or bearer prize bonds in Pakistan are urged to take action before the window for redemption or exchange closes next month.
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May 14, 2024
Rupee Falls to PKR 278.20 Against Dollar on Payment Demand

Karachi, May 13, 2024 – The Pakistani Rupee encountered a setback on Monday, plummeting to PKR 278.20 against the US dollar, driven by heightened demand for imports and corporate payments.
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May 13, 2024
Rupee Expected to Maintain Stability Against Dollar in Near Term

Analysts predict that the Pakistani rupee will likely remain stable against the US dollar in the coming week and continue its trend until the end of the current fiscal year.
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May 12, 2024
Rupee Strengthens Against Dollar as Foreign Reserves Climb

Karachi, May 10, 2024 – In a positive close to the week, the Pakistani Rupee appreciated by 8 paisas against the US dollar, finalizing at PKR 278.12 from the previous day’s close of PKR 278.20 in the interbank market.
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May 10, 2024
Remittances Surge by 27.9% to $2.8 billion in April 2024

Karachi, May 10, 2024 – Pakistan has witnessed a significant surge in workers’ remittances, with inflows climbing by 27.9% to $2.8 billion in April 2024 compared to the same month last year, according to the latest data released by the State Bank of Pakistan (SBP).
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May 10, 2024