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 12, 2023 – The Pakistani Rupee (PKR) demonstrated resilience on Tuesday, gaining PKR 0.12 against the US dollar in the interbank foreign exchange market, closing at PKR 283.78 compared to the previous day’s closing of PKR 283.90.
(more…)Karachi, December 11, 2023 – The Pakistani Rupee (PKR) experienced a dip of PKR 0.03 against the US dollar at the close of the interbank foreign exchange market on Monday.
(more…)Karachi, December 10, 2023 – The Pakistani Rupee likely to stay stable against the dollar during next week starting on December 10, 2023.
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Karachi, December 8, 2023 – The State Bank of Pakistan (SBP) has reported a notable decline in foreign remittances, revealing a 10 percent drop to $11.05 billion during the initial five months (July – November) of the current fiscal year 2023-2024.
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Karachi, December 8, 2023 – The State Bank of Pakistan (SBP) has declared that it will reveal the benchmark interest rate on December 12, 2023.
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Karachi, December 8, 2023 – The US dollar experienced a notable weakening against the Pakistani Rupee (PKR) on Friday, closing at PKR 283.87 in the interbank foreign exchange market.
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Karachi, December 7, 2023: Meezan Bank, the vanguard of Islamic banking in Pakistan, has entered into a formalized partnership with Befiler, heralding a new era in the provision of tax facilitation services for freelancers.
(more…)Karachi, December 7, 2023 – The Pakistani Rupee (PKR) concluded Thursday on a positive note, exhibiting resilience against the US dollar by closing at PKR 284.12 in the interbank foreign exchange market.
(more…)Karachi, December 7, 2023 – The government’s borrowing from banks has witnessed a substantial increase, surging by 154 percent during the first four months of the current fiscal year.
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