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 4, 2024 – The US Dollar witnessed a modest appreciation of PKR 0.07 against the Pakistani Rupee on Monday, closing at PKR 279.26 in the interbank foreign exchange market.
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Karachi, March 1, 2024 – The Pakistani Rupee (PKR) experienced a dip, closing the week at PKR 279.19 against the US dollar on Friday.
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Karachi, March 1, 2024 – The State Bank of Pakistan (SBP) is set to launch the inaugural Pakistan Financial Literacy Week (PFLW) 2024, commencing on March 4, 2024. Governor Jameel Ahmad will officiate the event at an inaugural ceremony hosted at the SBP Karachi.
(more…)Karachi, February 29, 2024 – The Pakistani Rupee (PKR) closed firmer at PKR 279.11 against the US Dollar in the interbank foreign exchange market on Thursday, marking a gain of PKR 0.01 from the previous day’s closing at PKR 279.12.
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Karachi, February 28, 2024 – Bank Alfalah, one of Pakistan’s prominent banking institutions, has set aside a substantial sum of Rs 3.6 billion as a precautionary measure in anticipation of potential windfall tax payments.
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Karachi, February 28, 2024 – In a recent corporate briefing, MCB Bank has set its sights on a potential reduction of up to 3 percent in the existing policy rate of 22 percent during the current calendar year, according to insights provided by analysts at Arif Habib Limited.
(more…)Karachi, February 28, 2024 – The Pakistani Rupee (PKR) experienced a gain of PKR 0.16 against the US Dollar on Wednesday, closing at PKR 279.12 in the interbank foreign exchange market.
(more…)Karachi, February 27, 2024 – In a volatile trading session, the US Dollar witnessed a gain against the Pakistani Rupee, closing at PKR 279.28 in the interbank foreign exchange market on Tuesday.
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Karachi, February 26, 2024 – The State Bank of Pakistan (SBP) reported a significant surge in bank deposits, reaching a staggering Rs 27.54 trillion by the end of January 2024, marking a substantial 21% year-on-year growth.
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Burewala, February 26, 2024 –Habib Bank Limited (HBL) unveiled its latest venture, HBL Zarai Services, in Burewala on Monday for advancing agricultural development and bolstering food security in Pakistan,
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