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.
Islamabad, October 3, 2023 – The Securities and Exchange Commission of Pakistan (SECP) has issued a stern warning to the general public concerning the downloading of Android Package Kit (APK) files of illegal loan apps.
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Karachi, October 3, 2023 – Bank Alfalah, a leading financial institution in Pakistan, has unveiled plans to establish an exchange company with an authorized share capital of Rs 2 billion.
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Karachi, Pakistan – October 3, 2023 – The highly anticipated Bank of the Future Forum 2023 (BOFF), a prominent event in Pakistan’s banking and financial sector, is poised to kick off on October 5, 2023.
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Karachi, October 3, 2023 – The Pakistan Rupee (PKR) continues to display remarkable strength against the US Dollar, maintaining its unbeatable streak for the 19th consecutive session. The day concluded with the PKR standing at PKR 285.72 in the interbank foreign exchange market.
(more…)Karachi, October 2, 2023 – The Pakistani Rupee (PKR) continued its impressive performance against the US dollar, extending its unbeaten streak for the 18th consecutive session.
(more…)KARACHI: The Pakistan Rupee (PKR) has stunned global financial markets with an astonishing recovery, solidifying its position as the best-performing currency in the world for the month of September, according to market analysts.
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Karachi, September 28, 2023 – The State Bank of Pakistan (SBP) has issued important directives to commercial banks to ensure the smooth facilitation of tax collection on September 30, 2023.
(more…)Karachi, September 28, 2023 – The Pakistani Rupee (PKR) concluded the month of September with a triumphant performance, closing at PKR 287.74 against the US dollar on Thursday, marking a significant recovery from its all-time low of PKR 307.10 to the dollar on September 5, 2023.
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Karachi, September 27, 2023 – Pakistan has experienced a remarkable 81 percent increase in payments made through mobile phones and internet banking during the fiscal year 2022-23, as indicated by a report released by the central bank on Wednesday.
(more…)Karachi, September 27, 2023 – In a remarkable streak of gains, the Pakistani Rupee (PKR) extended its appreciation against the US dollar for the 16th consecutive session, closing at PKR 288.75 at the interbank foreign exchange market, a significant improvement from the previous day’s closing rate of PKR 289.80.
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