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 29, 2024 – The Pakistani Rupee exhibited strength in the interbank foreign exchange market, closing at PKR 277.95 against the US Dollar on Friday, marking a notable appreciation from the previous day’s closing rate of PKR 278.03.
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Karachi, March 29, 2024 – The State Bank of Pakistan (SBP) has announced an extension to the deadline for the import of Cash US Dollars by exchange companies.
(more…)Karachi, March 28, 2024 – In a bid to streamline tax collection for the month of March 2024, the State Bank of Pakistan (SBP) has instructed banks to open on weekly holidays and observe special working hours to facilitate taxpayers.
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Karachi, March 28, 2024 – The Pakistan Banks Association (PBA) has announced the appointment of Muneer Kamal as its new Chief Executive Officer (CEO) and General Secretary, effective April 1, 2024, succeeding the longstanding CEO & Secretary General, Tawfiq A. Hussain.
(more…)Karachi, March 28, 2024 – The Pakistani Rupee concluded its trading session on Thursday with a stronger position against the US Dollar, settling at PKR 278.03 in the interbank foreign exchange market.
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Karachi, March 28, 2024 – In a bid to enhance financial inclusivity and streamline digital banking processes, the State Bank of Pakistan (SBP) announced on Thursday a temporary waiver of biometric verification for Asaan Mobile Accounts (AMAs), marking a significant move towards facilitating easier access to financial services, particularly for women.
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Karachi, March 27, 2024 – The Pakistani Rupee on Wednesday made a modest gain of PKR 0.04 against the US Dollar at closing of interbank foreign exchange market.
(more…)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.
(more…)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.
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