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 24, 2023 – The Pakistani Rupee faced its second consecutive fall against the US dollar on Tuesday, highlighting mounting pressure on the nation’s import payments.
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Karachi, October 24, 2023 – BankIslami Pakistan Limited has reported a staggering 196% increase in profit growth during the first nine months of the calendar year 2023.
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Karachi, October 23, 2023 – In a significant move aimed at boosting the country’s information technology sector, Pakistan announced the removal of restrictions on foreign payments made by the IT industry.
(more…)Karachi, October 23, 2023 – The Pakistani Rupee (PKR) faced a mild setback on Monday, as it eased to PKR 279.12 against the US Dollar due to heightened demand for the greenback at the commencement of the week.
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Karachi, October 23, 2023 – The State Bank of Pakistan (SBP) has introduced a significant initiative to support the growing community of freelancers in the country by launching the Exporters’ Special Foreign Currency Account (ESFCA).
(more…)Karachi, October 20, 2023 – The majority of respondents in a recent survey have expressed their belief that the State Bank of Pakistan (SBP) is likely to keep its benchmark policy rate unchanged at 22 percent in its next review.
(more…)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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