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, May 15, 2024 – The Pakistani Rupee (PKR) experienced a slight setback against the US Dollar on Wednesday, reaching PKR 278.26 in the interbank foreign exchange market, marking a decline of 8 paisas from the previous day’s closing at PKR 278.18.
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Islamabad, May 14, 2024 – The Central Directorate of National Savings (CDNS) has implemented adjustments to the interest rates on several significant savings schemes, with some witnessing reductions while others experience increases.
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Karachi, May 14, 2024 – The Pakistani Rupee exhibited a slight recovery on Tuesday, gaining two paisas to close at PKR 278.18 against the dollar in the interbank foreign exchange market, reversing a downward trend observed a day earlier when it closed at PKR 278.20.
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With the expiration date looming, holders of unregistered or bearer prize bonds in Pakistan are urged to take action before the window for redemption or exchange closes next month.
(more…)Karachi, May 13, 2024 – The Pakistani Rupee encountered a setback on Monday, plummeting to PKR 278.20 against the US dollar, driven by heightened demand for imports and corporate payments.
(more…)Analysts predict that the Pakistani rupee will likely remain stable against the US dollar in the coming week and continue its trend until the end of the current fiscal year.
(more…)Karachi, May 10, 2024 – In a positive close to the week, the Pakistani Rupee appreciated by 8 paisas against the US dollar, finalizing at PKR 278.12 from the previous day’s close of PKR 278.20 in the interbank market.
(more…)Karachi, May 10, 2024 – Pakistan has witnessed a significant surge in workers’ remittances, with inflows climbing by 27.9% to $2.8 billion in April 2024 compared to the same month last year, according to the latest data released by the State Bank of Pakistan (SBP).
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KARACHI, May 9, 2024 – Pakistan has set a new record in domestic borrowing, securing approximately Rs 6 trillion from commercial banks during the first ten months of fiscal year 2023-24, primarily to finance its burgeoning budget deficit.
(more…)Karachi, May 8, 2024 – The Pakistani Rupee (PKR) closed at PKR 278.10 against the US dollar on Tuesday, gaining 2 paisas from the previous day in the interbank foreign exchange market.
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