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, October 20, 2023 – The Pakistani Rupee (PKR) displayed remarkable stability against the US dollar, closing at PKR 278.80 in the interbank foreign exchange market, just a fraction lower than the previous day’s closing rate of PKR 278.81.
(more…)Karachi, October 19, 2023 – The Pakistani Rupee (PKR) demonstrated its strength against the US Dollar, closing at PKR 278.81 in the foreign exchange market on Thursday. This marks a notable gain of PKR 1.48 against the US Dollar from the previous day’s closing rate of PKR 280.29 in the interbank foreign exchange market.
(more…)Karachi, October 18, 2023 – The US dollar exhibited a sharp resurgence against the Pakistani Rupee (PKR) on Wednesday, closing at PKR 280.29 in the foreign exchange market.
(more…)Karachi, October 17, 2023 – The US dollar made a notable gain against the Pakistani Rupee (PKR), putting an end to a remarkable winning streak of 28 straight sessions on Tuesday.
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Karachi, October 16, 2023 – Official data released on Monday has revealed that bank deposits in Pakistan have achieved an unprecedented milestone, reaching a new record high of Rs 26.32 trillion by the end of September 2023.
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Karachi, October 16, 2023 – The Banking Mohtasib Pakistan has delivered a significant financial relief of Rs 972.33 million to banking customers during the initial nine months of 2023, demonstrating its commitment to safeguarding the rights and interests of the banking community.
(more…)Karachi, October 16, 2023 – The Pakistani Rupee (PKR) has continued its remarkable rally against the US dollar for the 28th consecutive session, reaching a rate of PKR 276.83 in the interbank foreign exchange market.
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Karachi, October 15, 2023 – The Pakistani Rupee (PKR) is poised to extend its recent gains against the US dollar in the upcoming week starting October 16, 2023.
(more…)Karachi, October 13, 2023 – The US dollar continued its downward spiral, weakening for the 27th consecutive session against the Pakistani Rupee (PKR) and concluding at PKR 277.62 on Friday in the interbank foreign exchange market.
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Karachi, October 12, 2023 – The State Bank of Pakistan (SBP) has officially confirmed that the Rs 75 banknote is legal tender throughout the country.
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