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, September 25, 2023 – The State Bank of Pakistan (SBP) announced on Monday that it has suspended the authorization of two exchange companies for violations of regulatory guidelines.
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Karachi, September 25, 2023 – The Pakistani Rupee (PKR) has continued its impressive winning streak against the US dollar for the 14th consecutive session, closing at PKR 290.86 in the interbank foreign exchange market.
(more…)Karachi, September 24, 2023 – The Pakistani Rupee (PKR) is expected to sustain its upward trajectory against the US dollar as it gains strength from robust export and remittance inflows and an optimistic outlook for the country’s economy.
(more…)Karachi, September 21, 2023 – The State Bank of Pakistan (SBP) announced the introduction of cash slabs as part of incentive schemes to promote remittances and encourage domestic financial institutions (FIs) to increase their marketing efforts for mobilizing home remittances through formal channels.
(more…)Karachi, September 21, 2023 – The Pakistani Rupee (PKR) continued its remarkable winning streak for the 12th consecutive session against the US Dollar on Thursday, as the exchange market witnessed a gain of PKR 1.10 in the rupee’s value.
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Karachi, September 20, 2023 – Pakistan secured a staggering Rs 2.14 trillion in funds through the sale of treasury bills during an auction conducted by the State Bank of Pakistan (SBP) on Wednesday.
(more…)Karachi, September 20, 2023 – The State Bank of Pakistan (SBP) has granted In-Principle Approval (IPA) for the establishment of five digital retail banks (DRBs), signaling a significant step in the country’s financial landscape.
(more…)Karachi, September 20, 2023 – The Pakistani Rupee (PKR) has demonstrated remarkable strength, making significant gains of approximately 4.3 percent against the US dollar in 11 consecutive trading sessions.
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Karachi, September 20, 2023 – Pakistan’s private sector has exhibited a distinct preference for debt retirement over taking on new bank loans for business activities.
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Karachi, September 20, 2023 – At the interbank foreign exchange market on Wednesday, the Pakistani Rupee (PKR) continued its remarkable appreciation, with the US dollar sliding to PKR 293.90 during midday trading.
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