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.
Karachi, June 28, 2024 – The Pakistani Rupee on the last trading day of fiscal year 2023-24 on Friday appreciated slightly, ending at PKR 278.34 against the dollar in the interbank foreign exchange market.
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Karachi, June 27, 2024 – The State Bank of Pakistan (SBP) on Thursday urged commercial banks to enhance financing for Small and Medium Enterprises (SMEs).
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Karachi, June 27, 2024 – The Pakistani Rupee recorded a modest gain of two paisas on Thursday, reaching PKR 278.38 against the dollar in the interbank foreign exchange market.
(more…)Karachi, June 26, 2024 – The Pakistani Rupee displayed some resilience on Wednesday, gaining 10 paisas to close at PKR 278.40 against the US dollar in the interbank foreign exchange market. This marks a slight improvement compared to Monday’s closing rate of PKR 278.50.
(more…)Karachi, June 25, 2024 – The Pakistani Rupee showed a modest recovery on Tuesday, gaining 12 paisas against the US dollar in the interbank foreign exchange market. At the close of trading, the rupee stood at PKR 278.50 to the dollar, improving from the previous day’s closing of PKR 278.62.
(more…)Karachi, June 24, 2024 – The Pakistani Rupee experienced a depreciation of 11 paisas against the US dollar on Monday, driven by heightened demand for foreign currency to meet import and corporate payment obligations.
(more…)The Pakistani rupee is expected to remain resilient against the US dollar in the upcoming week starting June 24, 2024, despite higher demand for dollars due to import and corporate payments.
(more…)June 21, 2024 – The Pakistani Rupee regained 9 paisas against the US dollar on Friday, bolstered by foreign inflows from export receipts and remittances. Closing at PKR 278.51 per dollar, the rupee showed a slight improvement from the previous day’s PKR 278.60 in the interbank foreign exchange market.
(more…)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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