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 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.
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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.
(more…)Karachi, October 12, 2023 – The Pakistani Rupee (PKR) marked a historic milestone by concluding a 26-session winning streak against the US dollar, showcasing an exceptional recovery.
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Karachi, October 12, 2023 – The State Bank of Pakistan (SBP) has taken a resolute stance in its ongoing efforts to combat regulatory violations within the exchange sector.
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Karachi, October 10, 2023 – In a significant move, Faysal Bank Limited (FBL) and State Life Insurance Company (SLIC) have inked a collaboration agreement to provide Takaful operations.
(more…)Karachi, October 11, 2023 – In a remarkable show of resilience, the Pakistani Rupee (PKR) continued its impressive streak against the US dollar for the 25th consecutive session, closing at an impressive PKR 279.51, gaining PKR 1 from the previous day’s closing rate of PKR 280.51.
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