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.
Islamabad, November 21, 2023 – Pakistan has taken a decisive step in controlling the rise of surrogate advertisements related to cryptocurrency exchanges and betting platforms by imposing a ban on their promotion.
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Karachi, November 21, 2023 – The Pakistani Rupee (PKR) continued its recovery against the US dollar for the fourth consecutive day, closing at PKR 285.79 in the interbank foreign exchange market on Tuesday.
(more…)Karachi, November 20, 2023 – The Pakistani Rupee (PKR) showcased resilience on Monday, gaining 56 paisas against the US dollar, closing at PKR 285.97 in the interbank foreign exchange market.
(more…)Karachi, November 19, 2023: The Pakistani Rupee (PKR) is anticipated to extend its upward trajectory against the US dollar in the upcoming week starting November 20, 2023.
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Karachi, November 17, 2023 – The State Bank of Pakistan (SBP) has announced an extensive five-year strategic plan aimed at transitioning the current conventional banking system into a Sharia-compliant financial system for the country.
(more…)Karachi, November 17, 2023 – The Pakistani Rupee (PKR) showcased a notable upswing against the US dollar, closing at PKR 286.50 in the interbank foreign exchange market on Friday.
(more…)Karachi, November 16, 2023 – Breaking the downward trend, the Pakistani Rupee (PKR) displayed resilience against the US dollar, concluding at PKR 287.38 in the interbank foreign exchange market on Thursday.
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Karachi, November 16, 2023 – Banks in Pakistan are set to pay an additional Rs 58 billion in income tax following the federal cabinet’s approval of a 40 percent tax on windfall profits derived from foreign exchange transactions in 2021 and 2022.
(more…)Karachi, November 15, 2023 – The Pakistani Rupee (PKR) sustained its downward trajectory for the 17th consecutive session against the US dollar, closing at PKR 288.14 in the interbank foreign exchange market on Wednesday.
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