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, November 14, 2023 – The Pakistani Rupee (PKR) extended its losing streak against the US dollar for the 16th consecutive session, closing at PKR 287.87 in the interbank foreign exchange market on Tuesday.
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November 14, 2023 – Pakistan has banned 111 social media apps that were offering online interest based loans, said caretaker Interior Minister Sarfraz Bugti on Monday.
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Karachi, November 13, 2023 – The US dollar maintained its dominance over the Pakistani Rupee (PKR) for the 15th consecutive session, breaching the PKR 287.55 mark in the interbank foreign exchange market on Monday.
(more…)KARACHI, November 12, 2023: The Pakistani Rupee (PKR) is anticipated to remain under pressure against the US dollar in the coming week as talks with the International Monetary Fund (IMF) persist.
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Karachi, November 10, 2023 – Meezan Bank, Pakistan’s leading Islamic bank, has entered into a groundbreaking collaboration with SAFCO Microfinance Company Private Limited (SMCL) to launch the country’s first Islamic microfinance branch, named ‘Yaqeen,’ in Hyderabad, Pakistan.
(more…)Karachi, November 10, 2023 – The Pakistani Rupee (PKR) continued its downward trend for the 14th consecutive session against the US dollar, closing at PKR 287.03 on Friday.
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Karachi, November 10, 2023 – Bank deposits in Pakistan have hit new peak at Rs 26.40 trillion by the end of October 2023, according to official data released on Friday by the State Bank of Pakistan (SBP).
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Karachi, November 10, 2023 –Pakistan has recorded a substantial 11.54% increase in foreign remittances, reaching $2.46 billion in October 2023. This surge, as reported by the State Bank of Pakistan (SBP) on Friday, is attributed to the government’s robust crackdown against currency smuggling and hoarding.
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