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 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).
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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.
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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.
(more…)Karachi, December 30, 2023 – The Exchange Companies Association of Pakistan (ECAP) has released data revealing a massive fall in the Pakistani Rupee (PKR) against major foreign currencies throughout 2023.
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Karachi, December 30, 2023 – The State Bank of Pakistan (SBP) has unveiled its latest Quarterly Payment Systems Report, showcasing the dynamic landscape of the country’s payment ecosystem during the first quarter of the fiscal year 2023-24.
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Karachi, December 29, 2023 – In an effort to ease the tax collection process and accommodate taxpayers, banks in Pakistan are set to extend their working hours on the last two weekly holidays of 2023, December 30 and 31.
(more…)Karachi, December 29, 2023 – The State Bank of Pakistan (SBP) took a significant step towards enhancing customer satisfaction on Friday by launching a dedicated portal, ‘Sunwai,’ aimed at streamlining the process of lodging complaints against banks, microfinance banks (MFBs), and development financial institutions (DFIs).
(more…)Karachi, December 29, 2023 – The Pakistani Rupee (PKR) concluded the year 2023 on a positive note, registering a gain of PKR 0.07 against the US dollar, bolstered by an increase in foreign exchange reserves.
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