Category: Money & Banking

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.

Meezan Bank Partners with PAFLA to Empower Freelancers

Karachi, December 22, 2023 – Meezan Bank Limited, Pakistan’s premier Islamic bank, has taken a significant step towards supporting the flourishing freelance community by entering into a strategic partnership with the Pakistan Freelancers Association (PAFLA).
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December 22, 2023
Rupee Gains PKR 0.26 to Dollar Amidst Falling Forex Reserves

Karachi, December 22, 2023 – In a surprising turn of events, the Pakistani Rupee (PKR) made a notable gain of PKR 0.26 against the US Dollar on Friday, despite a decline in the country’s foreign exchange reserves.
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December 22, 2023
Rupee Sustains Steady Ascent, Reaches PKR 282.79 to Dollar

Karachi, December 21, 2023 – The Pakistani Rupee (PKR) maintained its upward trajectory on Thursday, registering a steady rise against the US dollar to reach PKR 282.79 in the interbank foreign exchange market.
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December 21, 2023
Authenticate Your Rs 5000 Banknote Through SBP Guidelines

You need not worry about the genuineness of the Rs 5000 banknote, as the State Bank of Pakistan (SBP) has issued guidelines to authenticate the highest denomination banknote in the country.
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December 21, 2023
SBP Announces Bank Holiday on December 25, 2023

Karachi, December 20, 2023 – The State Bank of Pakistan (SBP) declared a bank holiday on Monday, December 25, 2023, in observance of Quaid-e-Azam Day and Christmas, as announced by the Government of Pakistan.
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December 20, 2023
Rupee Strengthens to PKR 282.90 to Dollar on December 20, 2023

Karachi, December 19, 2023 – The Pakistani Rupee (PKR) continued its upward trend against the US dollar on Wednesday, closing at PKR 282.90 in the interbank foreign exchange market.
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December 20, 2023
Pakistan Sharply Cuts Interest Rates on Saving Schemes

Karachi, December 20, 2023 – Pakistan has implemented substantial cuts to the interest rates on saving schemes, despite maintaining a higher benchmark policy rate.
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December 20, 2023
Meezan Bank Convenes 63rd Sharia Board Meeting

Karachi, December 20, 2023: Meezan Bank, a pioneer in Islamic banking, convened its 63rd Shariah Board Meeting at Darul Uloom, Karachi, underscoring the institution’s unwavering commitment to upholding Islamic principles in its financial operations.
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December 20, 2023
Rupee Maintains Upward Trajectory and Gains PKR 0.20 to Dollar

Karachi, December 19, 2023 – The Pakistani Rupee (PKR) continued its upward trajectory against the US Dollar on Tuesday, closing the interbank foreign exchange market with an appreciation of PKR 0.20.
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December 19, 2023
SBP Allows Banks for Third-Party Customer Verification Platform

Karachi, December 18, 2023 – The State Bank of Pakistan (SBP) has granted approval for banks to leverage a shared platform for Know Your Customer (KYC) and Customer Due Diligence (CDD).
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December 18, 2023