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.

Pakistan Faces 4.8% Drop in Registered Prize Bond Investments

In a concerning development for Pakistan’s financial landscape, data released by the State Bank of Pakistan (SBP) reveals a notable 4.8 percent decline in registered prize bond investments by the end of February 2024 compared to the same period the previous year.
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April 12, 2024
Govt Borrowing Skyrockets by 138% to Rs 4.84 Trillion in 9MFY24

Karachi, April 11, 2024 – Official data reveals a staggering surge in government borrowing from the banking system, soaring to Rs 4.84 trillion during the initial nine months (July – March) of the fiscal year 2023-24.
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April 11, 2024
Rupee Ends Stable at PKR 277.94 to Dollar in Interbank

Karachi, April 9, 2024 – The Pakistani Rupee closed stable against the US dollar on Tuesday, maintaining its position at PKR 277.94 in the interbank foreign exchange market.
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April 9, 2024
Pakistan Remittances Surge by 31% MoM in March 2024

Karachi, April 8, 2024 – Pakistan has witnessed a significant surge of 31 percent in remittances on a month-on-month (MoM) basis in March 2024.
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April 8, 2024
Rupee Faces Marginal Decline, Ends at PKR 277.95 to Dollar

Karachi, April 8, 2024 – The Pakistani Rupee (PKR) faced a slight decline against the US dollar on Monday, closing at PKR 277.95 in the interbank foreign exchange market.
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April 8, 2024
Banks Close 3 Days for Eid-ul-Fitr 2024: Plan Your Transactions

As the joyous occasion of Eid-ul-Fitr approaches, citizens in Pakistan are reminded to plan their financial transactions in advance due to the closure of banks for three consecutive days.
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April 7, 2024
Rupee Holds Steady at PKR 277.93 Against Dollar

Karachi, April 5, 2024 – The Pakistani Rupee (PKR) maintained its stability against the US dollar, closing unchanged at PKR 277.93 in the interbank foreign exchange market on Friday, despite prevailing demand for the dollar.
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April 5, 2024
Rupee Ends Down to PKR 277.93 Against Dollar

Karachi, April 4, 2024 – The Pakistani Rupee faced a slight decline on Thursday, closing at PKR 277.93 against the US dollar in the interbank foreign exchange market, as compared to the previous day’s closing rate of PKR 277.92.
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April 4, 2024
SBP Declares Bank Holidays for Eid ul Fitr 2024

Karachi, April 4, 2024 – The State Bank of Pakistan (SBP) has officially declared bank holidays for Eid ul Fitr 2024, facilitating the nationwide celebration of this joyous occasion.
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April 4, 2024
SBP Sells Rs 558 Billion Treasury Bills, 148% Above Target

Karachi, April 3, 2024 – The State Bank of Pakistan (SBP) made waves in the financial market on Wednesday as it conducted a highly successful auction, selling treasury bills worth a staggering Rs 558 billion.
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April 4, 2024