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 19, 2023 – The Pakistani Rupee (PKR) continued its upward trend against the US dollar on Wednesday, closing at PKR 282.90 in the interbank foreign exchange market.
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Karachi, December 20, 2023 – Pakistan has implemented substantial cuts to the interest rates on saving schemes, despite maintaining a higher benchmark policy rate.
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Karachi, December 20, 2023: Meezan Bank, a pioneer in Islamic banking, convened its 63rd Shariah Board Meeting at Darul Uloom, Karachi, underscoring the institution’s unwavering commitment to upholding Islamic principles in its financial operations.
(more…)Karachi, December 19, 2023 – The Pakistani Rupee (PKR) continued its upward trajectory against the US Dollar on Tuesday, closing the interbank foreign exchange market with an appreciation of PKR 0.20.
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Karachi, December 18, 2023 – The State Bank of Pakistan (SBP) has granted approval for banks to leverage a shared platform for Know Your Customer (KYC) and Customer Due Diligence (CDD).
(more…)Karachi, December 18, 2023 – In a surprising turn of events, the Pakistani Rupee (PKR) demonstrated resilience by making a modest gain of PKR 0.05 against the US dollar on Monday.
(more…)Karachi, December 17, 2023 – Currency analysts are anticipating a stable trajectory for the Pakistani Rupee (PKR) against the US Dollar in the upcoming week, starting December 18, 2023.
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Karachi, December 15, 2023 – Banks in Pakistan have witnessed all-time high deposits of Rs 26.80 trillion by end of November 2023, according to official statistics.
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Karachi, December 15, 2023 – The State Bank of Pakistan (SBP) has called on commercial banks to expand their reach and enhance their involvement in the agriculture sector, emphasizing the critical role this sector plays in the country’s socioeconomic development.
(more…)Karachi, December 15, 2023 – The Pakistani Rupee (PKR) experienced a noteworthy boost on the last trading day of the week, appreciating by PKR 0.25 against the US dollar in the interbank foreign exchange market.
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