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 10, 2023 – Pakistan has unveiled plans to raise a substantial amount of Rs 7.90 trillion through the sale of Market Treasury Bills (MTBs) over the next three months, according to an announcement made on Tuesday.
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Karachi, October 10, 2023 – Pakistan has experienced a significant 20 percent decline in foreign remittances during the first quarter (July – September) of fiscal year 2023-24.
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Karachi, October 10, 2023 – The Pakistani Rupee (PKR) has demonstrated remarkable strength by appreciating by 8.66 percent against the US dollar since hitting a historic low of PKR 307.10.
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Karachi, October 10, 2023: The Bank of Future Forum (BOFF) 2023, co-hosted by Systems Limited and Temenos, proved to be a success, drawing an extensive audience of over 500 attendees.
(more…)Karachi, October 8, 2023 – The Pakistani rupee (PKR) is poised to continue its ascent against the US dollar in the coming week as Pakistan implements various restrictions on Afghan transit trade.
(more…)Karachi, October 6, 2023 – The Pakistani Rupee (PKR) extended its month-long winning streak against the US dollar on Friday, defying a fall in foreign exchange reserves.
(more…)Karachi, October 5, 2023 – The Pakistani Rupee (PKR) has experienced a remarkable strengthening of 7.65 percent against the US dollar since reaching its lowest level on September 5, 2023.
(more…)Karachi, October 5, 2023 – The State Bank of Pakistan (SBP) has reiterated that bank depositors in the country are fully protected through insurance coverage, addressing concerns raised in certain media reports.
(more…)Karachi, October 4, 2023 – The State Bank of Pakistan (SBP) successfully conducted an auction of Market Treasury Bills (MTBs), selling T-bills worth Rs 557 billion.
(more…)Karachi, October 4, 2023 – The Pakistani Rupee (PKR) has completed an unprecedented month-long surge against the US dollar, marking a historic turnaround for the local currency.
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