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 9, 2024 – Pakistan is grappling with a substantial decline in investment in saving schemes, as official data released on Tuesday by the State Bank of Pakistan (SBP) indicates a notable downturn for the period ending November 2023.
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Karachi, January 8, 2024 – The Pakistani Rupee (PKR) displayed resilience on Monday by gaining PKR 0.12 against the US dollar, initiating the week on a positive note.
(more…)Karachi, January 7, 2024 – The Pakistani Rupee (PKR) is gearing up for a significant uptrend against the US dollar in the upcoming week, propelled by recent foreign inflows and the anticipated approval of funds by the International Monetary Fund (IMF).
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Karachi, January 6, 2024 – Recent data released by the State Bank of Pakistan (SBP) indicates a significant shift in Pakistan’s financial landscape, with the country increasingly adopting digital payments and moving away from traditional paper or cash-based transactions.
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Karachi, January 5, 2024 – The Pakistani Rupee (PKR) demonstrated resilience on Friday, gaining PKR 0.27 against the US dollar, a positive development attributed to the significant surge in foreign exchange reserves.
(more…)Karachi, January 5, 2024 – The Pakistan government has experienced a significant dip of 7.67 percent in the investment in registered prize bonds, according to data released by the State Bank of Pakistan (SBP).
(more…)Karachi, January 4, 2024 – The Pakistani Rupee (PKR) concluded on a positive note against the US dollar in the interbank foreign exchange market on Thursday, closing at PKR 281.67 compared to the previous day’s closing rate of PKR 281.72.
(more…)Karachi, January 3, 2024 – The Pakistani Rupee (PKR) displayed strength on Wednesday, gaining PKR 0.17 against the US dollar at the close of the interbank foreign exchange market.
(more…)Karachi, January 2, 2024 – The Pakistan Rupee (PKR) experienced a marginal easing of PKR 0.03 against the US dollar as the market reopened after the holiday period.
(more…)KARACHI, Dec 31, 2023 — The Pakistani Rupee (PKR) is anticipated to navigate a narrow trading range in the initial week of 2024, buoyed by optimistic sentiments around sustained inflows from multilateral lenders.
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