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 11, 2024 – The Pakistani Rupee (PKR) exhibited a marginal gain against the US dollar, concluding at PKR 281.11 in the interbank foreign exchange market.
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Karachi, January 11, 2024 – The federal government has borrowed an unprecedented Rs 4.28 trillion during the first half (July – December) of the current fiscal year 2023-24, marking a substantial surge compared to the corresponding period last year.
(more…)Karachi, January 10, 2024 – The US dollar witnessed a decline against the Pakistani Rupee (PKR) on Wednesday, reaching PKR 281.13 in the interbank foreign exchange market.
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Karachi, January 10, 2024 – Pakistan experienced a significant 7 percent decline in the inflow of workers’ remittances during the first half (July – December) of fiscal year 2023-24, according to official data released by the State Bank of Pakistan (SBP) on Wednesday.
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Karachi, January 9, 2024 – The Pakistani Rupee (PKR) continued its gradual ascent against the US dollar on Tuesday, attributed to the accumulation of foreign exchange reserves.
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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.
(more…)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).
(more…)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.
(more…)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.
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