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.
Islamabad, January 22, 2024 – Raqami Islamic Digital Bank has taken a significant leap towards revolutionizing the digital banking landscape by entering an exclusive agreement with Codebase Technologies.
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Karachi, January 22, 2024 – In a positive turn of events, the Pakistani Rupee (PKR) closed at PKR 279.85 against the US dollar in the interbank foreign exchange market on Monday, marking a gain of PKR 0.05 from last Friday’s closing rate of PKR 279.90.
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Karachi, January 22, 2024 – In a strategic move, Pakistan has announced its plans to introduce an online trading platform for foreign exchange by the end of January 2024, marking a significant step toward enhancing transparency and efficiency in the country’s FX market.
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Karachi, January 21, 2024 – The International Monetary Fund (IMF) has advised Pakistan to exercise caution and avoid imposing restrictions on foreign exchange, emphasizing the importance of supporting a return to a market-determined exchange rate.
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Islamabad, January 21, 2024 – President Dr. Arif Alvi has taken a firm stand against banking fraud, ordering the blocking of banking services to fraudsters.
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Karachi, January 19, 2024 – The Pakistani Rupee (PKR) demonstrated resilience on the last trading day of the week, making a modest gain of PKR 0.08 against the US dollar.
(more…)Karachi, January 18, 2024 – The Pakistani Rupee (PKR) demonstrated its resilience in the interbank foreign exchange market on Thursday, reaching PKR 279.98 against the US dollar.
(more…)Karachi, January 17, 2024 – The US Dollar faced a decline against the Pakistani Rupee (PKR) on Wednesday, settling at PKR 280.10 in the interbank foreign exchange market.
(more…)Karachi, January 16, 2024 – The Pakistan Rupee (PKR) closed unchanged against the US dollar at PKR 280.25 on Tuesday, maintaining stability in the foreign exchange market. The flat closing comes amidst growing foreign currency demand for import payments.
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Karachi, January 16, 2024 – Salaried persons in Pakistan have shown a remarkable inclination towards the banking system, as their deposits experienced a substantial surge of over 20 percent in the year 2023.
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