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, April 8, 2024 – Pakistan has witnessed a significant surge of 31 percent in remittances on a month-on-month (MoM) basis in March 2024.
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Karachi, April 8, 2024 – The Pakistani Rupee (PKR) faced a slight decline against the US dollar on Monday, closing at PKR 277.95 in the interbank foreign exchange market.
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As the joyous occasion of Eid-ul-Fitr approaches, citizens in Pakistan are reminded to plan their financial transactions in advance due to the closure of banks for three consecutive days.
(more…)Karachi, April 5, 2024 – The Pakistani Rupee (PKR) maintained its stability against the US dollar, closing unchanged at PKR 277.93 in the interbank foreign exchange market on Friday, despite prevailing demand for the dollar.
(more…)Karachi, April 4, 2024 – The Pakistani Rupee faced a slight decline on Thursday, closing at PKR 277.93 against the US dollar in the interbank foreign exchange market, as compared to the previous day’s closing rate of PKR 277.92.
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Karachi, April 4, 2024 – The State Bank of Pakistan (SBP) has officially declared bank holidays for Eid ul Fitr 2024, facilitating the nationwide celebration of this joyous occasion.
(more…)Karachi, April 3, 2024 – The State Bank of Pakistan (SBP) made waves in the financial market on Wednesday as it conducted a highly successful auction, selling treasury bills worth a staggering Rs 558 billion.
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Karachi, April 3, 2024 – The Pakistani Rupee witnessed a decline of PKR 0.08 against the US dollar in interbank trading on Wednesday, reflecting heightened demand for foreign currency to fulfill import obligations.
(more…)Karachi, April 2, 2024 – Official data released on Tuesday revealed a startling surge in government bank borrowing for budgetary support, reaching a staggering Rs 4.69 trillion during the period spanning from July 1, 2023, to March 22, 2024.
(more…)Karachi, April 2, 2024 – The Pakistani Rupee exhibited resilience against the US dollar on Tuesday, gaining PKR 0.10 in the interbank foreign exchange market.
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