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 26, 2024 – In a move that has financial circles buzzing, the Pakistan has announced a significant reduction in profit rates on key saving certificates, effective from Friday, January 26, 2024.
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Karachi, January 25, 2024 – Topline Research’s recent poll has revealed a prevailing expectation of a status quo in the benchmark policy rate at 22 percent during the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) meeting scheduled for January 29, 2024.
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Karachi, January 25, 2024 – In a positive turn of events, the Pakistani Rupee (PKR) concluded Thursday on a firmer note, reaching PKR 279.67 against the US dollar.
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Karachi, January 24, 2024 – In a welcome turn of events, the Pakistani Rupee (PKR) demonstrated resilience and gained PKR 0.12 against the US dollar on Wednesday, reaching PKR 279.67 in the interbank foreign exchange market.
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Karachi, January 24, 2024 – Pakistan’s private sector has exhibited resilience in the face of challenging economic conditions, retiring a substantial amount of Rs 8 billion in the current fiscal year as opposed to seeking fresh loans.
(more…)Karachi, January 24, 2024 – The State Bank of Pakistan (SBP) is set to convene the Monetary Policy Committee (MPC) meeting on January 29, 2024, to review the benchmark policy rate.
(more…)Karachi, January 23, 2024 – The State Bank of Pakistan (SBP) announced the launch of a cutting-edge Centralized Foreign Exchange (FX) Trading Platform called ‘FX Matching.’
(more…)Karachi, January 23, 2024 – The Pakistani Rupee (PKR) concluded on a stronger note against the US dollar, closing at PKR 279.79 in the interbank foreign exchange market on Tuesday.
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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.
(more…)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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