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 21, 2024 – In a surprising turn of events, the federal government has surpassed its borrowing target by a staggering margin in the Market Treasury Bills (MTBs) auction held on Wednesday, March 20, 2024.
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Karachi, March 20, 2024 – Faysal Bank Limited (FBL), the leading Islamic Bank of Pakistan, has entered into a strategic partnership with Womenza Pakistan to empower and facilitate women freelancers across the country.
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Karachi, March 20, 2024 – The National Bank of Pakistan (NBP) faced a setback as it lost a crucial petition filed in court regarding pension dues. The court ruling mandates NBP to disburse pensions to 11,500 retired employees, allocating Rs 60 billion for this purpose within a month.
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Karachi, March 20, 2024 – The Pakistani Rupee displayed resilience on Wednesday, strengthening by PKR 0.23 against the US dollar, buoyed by the revelation of a current account surplus in February 2024.
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Karachi, March 19, 2024 – The Pakistani Rupee closed firmer against the US Dollar at PKR 278.64 in the interbank foreign exchange market today, marking a marginal gain compared to the previous day’s closing of PKR 278.63.
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Islamabad, March 18 – The Securities and Exchange Commission of Pakistan (SECP) has taken a significant step in regulating the digital lending sector by issuing comprehensive guidelines for Non-Banking Financial Companies (NBFCs) engaged in digital lending activities.
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Karachi, March 18, 2024 – The State Bank of Pakistan (SBP) has announced the decision to maintain the benchmark policy rate at 22 percent, citing concerns about the risk of inflation uptick in the country.
(more…)Karachi, March 18, 2024 – The Pakistani Rupee demonstrated resilience on Monday as it appreciated by PKR 0.11 against the US Dollar in the interbank foreign exchange market.
(more…)In the wake of ongoing negotiations with the International Monetary Fund (IMF), analysts predict the Pakistani Rupee (PKR) to maintain its stability against the US Dollar in the upcoming week, commencing from March 18.
(more…)Karachi, March 16, 2024 – Recent speculation regarding the potential introduction of plastic banknotes in Pakistan has been firmly addressed by the State Bank of Pakistan (SBP), which issued a statement on Saturday refuting any such plans.
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