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.

SBP Grants Waiver of Biometric for Asaan Mobile Accounts

Karachi, March 28, 2024 – In a bid to enhance financial inclusivity and streamline digital banking processes, the State Bank of Pakistan (SBP) announced on Thursday a temporary waiver of biometric verification for Asaan Mobile Accounts (AMAs), marking a significant move towards facilitating easier access to financial services, particularly for women.
(more…)

March 28, 2024
Rupee Makes Modest Gain of PKR 0.04 Against Dollar

Karachi, March 27, 2024 – The Pakistani Rupee on Wednesday made a modest gain of PKR 0.04 against the US Dollar at closing of interbank foreign exchange market.
(more…)

March 27, 2024
Zafar Masud Elected as Chairman of Pakistan Banks Association

KARACHI: The Pakistan Banks Association (PBA) has announced the election of Zafar Masud, President and CEO of The Bank of Punjab (BOP), as its new Chairman.
(more…)

March 27, 2024
Rupee Ascends to PKR 278.08 against Dollar

Karachi, March 26, 2024 – The Pakistani Rupee demonstrated resilience on Tuesday as it strengthened against the US Dollar, reaching PKR 278.08 at the closing of the interbank foreign exchange market.
(more…)

March 26, 2024
Rupee Inches Up to End at PKR 278.13 Against Dollar

Karachi, March 25, 2024 – The Pakistani Rupee exhibited resilience on Monday as it made a nominal gain against the US Dollar, closing at PKR 278.13 in the interbank foreign exchange market.
(more…)

March 25, 2024
Stable Rupee-Dollar Outlook for Week Starting March 25

Karachi, March 24, 2024 – Financial analysts foresee a stable trajectory for the Pakistani Rupee (PKR) against the US Dollar in the forthcoming week starting March 25, 2024.
(more…)

March 24, 2024
CDNS Adjusts Profit Rates of Saving Schemes for March 2024

Karachi, March 23, 2024 – The Central Directorate of National Savings (CDNS) has announced adjustments to the profit rates across various saving schemes, aiming to align them with prevailing economic trends and monetary policy objectives.
(more…)

March 23, 2024
Bank Holiday Declared on March 23, 2024

Karachi, March 22, 2024 – The State Bank of Pakistan (SBP) has announced a bank holiday on March 23, 2024, in observance of ‘Pakistan Day’, according to a circular issued by the central bank today.
(more…)

March 22, 2024
Dollar Slips to PKR 278.14 at Interbank Closing

Karachi, March 22, 2024 – In a notable development, the US dollar weakened against the Pakistani Rupee, closing at PKR 278.14 in the interbank foreign exchange market on Friday.
(more…)

March 22, 2024
Easypaisa and Knorr Forge Partnership for Digital Payments

Islamabad: In a groundbreaking partnership aimed at transforming the digital payments landscape in Pakistan, easypaisa, the country’s premier digital financial services platform, and Knorr, Unilever’s flagship food brand, have joined hands to pioneer innovation.
(more…)

March 21, 2024