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 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.
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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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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.
(more…)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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