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 7, 2024 – The National Bank of Pakistan (NBP) is grappling with a substantial increase in tax contingencies, soaring to an astonishing Rs 34.73 billion by the close of the calendar year 2023.
(more…)
Karachi, March 6, 2024 – The State Bank of Pakistan (SBP) achieved a significant milestone on Wednesday by successfully selling market treasury bills worth Rs 527 billion in an auction, surpassing the initial target of Rs 225 billion.
(more…)
Karachi, March 6, 2024 – The State Bank of Pakistan (SBP) Governor, Jameel Ahmad, spearheaded the opening session of the SAARCFINANCE Seminar in Islamabad, focusing on the ‘Potential Role of Big Data in Economic Policy.’
(more…)
Karachi, Pakistan – March 6, 2024 – Habib Bank Limited (HBL) expects the benchmark interest rate in Pakistan to be reduced to 17% by the end of 2024.
(more…)
Karachi, March 6, 2024 – Standard Chartered Bank Pakistan Limited has recently disclosed that it paid a substantial penalty of Rs 143 million due to regulatory violations, as per a report released by the financial institution.
(more…)
Karachi, March 6, 2024 – On Wednesday, the Pakistani Rupee experienced a decline, reaching PKR 279.35 against the US Dollar in the interbank foreign exchange market.
(more…)
Karachi, March 5, 2024 – The Pakistani Rupee experienced a mild depreciation against the US dollar, settling at PKR 279.31 in the interbank foreign exchange market on Tuesday.
(more…)Karachi, March 4, 2024 – The US Dollar witnessed a modest appreciation of PKR 0.07 against the Pakistani Rupee on Monday, closing at PKR 279.26 in the interbank foreign exchange market.
(more…)Karachi, March 1, 2024 – The Pakistani Rupee (PKR) experienced a dip, closing the week at PKR 279.19 against the US dollar on Friday.
(more…)Karachi, March 1, 2024 – The State Bank of Pakistan (SBP) is set to launch the inaugural Pakistan Financial Literacy Week (PFLW) 2024, commencing on March 4, 2024. Governor Jameel Ahmad will officiate the event at an inaugural ceremony hosted at the SBP Karachi.
(more…)