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: 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.
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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…)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…)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.
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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.
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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.
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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.
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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.
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Bank Alfalah Limited, one of Pakistan’s leading banks, is considering a shift towards quarterly dividend payouts, reflecting a move in line with current market dynamics.
(more…)Karachi, March 21, 2024 – The Pakistani Rupee maintained its stability against the US dollar, closing at PKR 278.40 in the interbank foreign exchange market on Thursday.
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