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, March 13, 2024 – The State Bank of Pakistan (SBP) has launched an investigation to ascertain the circumstances surrounding the circulation of misprinted Rs 1,000 denomination currency notes.
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Karachi, March 12, 2024 – Recent data released by the State Bank of Pakistan (SBP) on Tuesday reveals a staggering 104 percent surge in government bank borrowing, reaching Rs 4.13 trillion during the first eight months (July – February) of the fiscal year.
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Karachi, March 12, 2024 – Analysts at Arif Habib Limited have suggested that the State Bank of Pakistan (SBP) is likely to implement a 100 basis points cut in the benchmark policy rate in the upcoming Monetary Policy Statement (MPS), reducing it to 21 percent from the existing 22 percent.
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Karachi, March 12, 2024 – Official data released on Tuesday reveals that bank deposits in Pakistan have surged to an unprecedented high of Rs 27.89 trillion by the end of February 2024.
(more…)Karachi, March 12, 2024: In anticipation of the forthcoming holy month of Ramadan ul Mubarak, all banks across Pakistan will observe a bank holiday today, March 12, 2024.
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Karachi, March 11, 2024 – The Pakistani Rupee (PKR) experienced a marginal decline on Monday, settling at PKR 279.08 against the US Dollar in the closing of the interbank foreign exchange market.
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Karachi, March 11, 2024 –Habib Bank Limited announced the appointment of Muhammad Nassir Salim as its new President and Chief Executive Officer on Monday.
(more…)Karachi, March 11, 2024 – As the holy month of Ramadan approaches, the State Bank of Pakistan (SBP) has officially released the schedule for bank timings during this sacred period.
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Karachi, March 11, 2024 – Pakistan has witnessed a substantial decline of 12 percent in investment in saving certificates during February 2024, compared to the same month a year ago, according to official statistics released by the State Bank of Pakistan (SBP).
(more…)Karachi, March 10, 2024 – As Pakistan gears up for the week commencing March 11, 2024, financial experts predict that the Pakistani Rupee (PKR) is poised to remain stable against the US Dollar, thanks to a resounding affirmation from the International Monetary Fund (IMF) regarding ongoing negotiations for a loan program with Pakistani authorities.
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