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, December 27, 2023 – Financial analysts at Topline Securities Limited have characterized 2023 as a somber year for the Pakistani Rupee (PKR), which experienced a significant 20 percent depreciation against the US dollar.
(more…)
Karachi, December 27, 2023 – The State Bank of Pakistan (SBP) has issued crucial instructions to banks regarding International Toll Manufacturing (ITM) under the Export Facilitation Scheme (EFS).
(more…)
Karachi, December 27, 2023 – The Pakistani Rupee (PKR) inched up by PKR 0.17 against the US dollar on Wednesday amid heavy foreign currency demand for import and corporate payments.
(more…)Karachi, December 26, 2023: In a surprising turn of events, the Pakistani Rupee (PKR) managed to make a marginal gain of PKR 0.16 against the US Dollar on Tuesday, closing at PKR 282.37 compared to the previous closing rate of PKR 282.53 on December 22, 2023, in the interbank foreign exchange market.
(more…)KARACHI – December 24, 2023: In the last week of 2023, experts believe the Pakistani rupee will likely stay steady against the US dollar. Starting December 26, 2023, this positive prediction is based on a good balance between how much people want and how much they have of the American currency, along with a smaller difference in the country’s spending and earnings.
(more…)
Karachi, December 22, 2023 – Meezan Bank Limited, Pakistan’s premier Islamic bank, has taken a significant step towards supporting the flourishing freelance community by entering into a strategic partnership with the Pakistan Freelancers Association (PAFLA).
(more…)Karachi, December 22, 2023 – In a surprising turn of events, the Pakistani Rupee (PKR) made a notable gain of PKR 0.26 against the US Dollar on Friday, despite a decline in the country’s foreign exchange reserves.
(more…)Karachi, December 21, 2023 – The Pakistani Rupee (PKR) maintained its upward trajectory on Thursday, registering a steady rise against the US dollar to reach PKR 282.79 in the interbank foreign exchange market.
(more…)
You need not worry about the genuineness of the Rs 5000 banknote, as the State Bank of Pakistan (SBP) has issued guidelines to authenticate the highest denomination banknote in the country.
(more…)
Karachi, December 20, 2023 – The State Bank of Pakistan (SBP) declared a bank holiday on Monday, December 25, 2023, in observance of Quaid-e-Azam Day and Christmas, as announced by the Government of Pakistan.
(more…)