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, January 14, 2024 — Raqami Islamic Digital Bank (RIDB) and Euronet Pakistan Pvt. Ltd. have joined forces in an exclusive partnership aimed at spearheading the digital payments landscape in Pakistan.
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Karachi, January 15, 2024 – In a remarkable turn of events, bank deposits in Pakistan have achieved an unprecedented milestone, reaching a historic high of Rs 27.84 trillion by the end of December 2023, as reported by the State Bank of Pakistan (SBP) on Monday.
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Karachi, January 15, 2024 – The Pakistani Rupee (PKR) kicked off the week on a positive note, maintaining an upward trajectory against the US dollar in the interbank foreign exchange market.
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Karachi, January 15, 2024 – Standard Chartered Pakistan and Haier Pakistan have entered into a strategic partnership aimed at the digitization of Haier’s value-chain and the optimization of their cashflows.
(more…)Karachi, January 14, 2024 – The Pakistani Rupee (PKR) is anticipated to stand firm against the US Dollar in the week commencing January 15, 2024, following a notable appreciation in the previous week where it traded at 280 to the dollar.
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Karachi, January 12, 2024 – In a positive turn of events for Pakistan’s economic landscape, the Pakistani Rupee (PKR) experienced a noteworthy appreciation of PKR 0.75 against the US dollar on Friday.
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Islamabad, January 12, 2024 – In a significant move aimed at rectifying an injustice, President Dr Arif Alvi has directed EFU Life Assurance Ltd to refund Rs 100,000 along with accrued profits to Zubaida Begum, a destitute woman who fell victim to the mis-selling of an insurance policy.
(more…)Karachi, January 11, 2024 – The Pakistani Rupee (PKR) exhibited a marginal gain against the US dollar, concluding at PKR 281.11 in the interbank foreign exchange market.
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Karachi, January 11, 2024 – The federal government has borrowed an unprecedented Rs 4.28 trillion during the first half (July – December) of the current fiscal year 2023-24, marking a substantial surge compared to the corresponding period last year.
(more…)Karachi, January 10, 2024 – The US dollar witnessed a decline against the Pakistani Rupee (PKR) on Wednesday, reaching PKR 281.13 in the interbank foreign exchange market.
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