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 13, 2023 – The Pakistani Rupee (PKR) continued its sixth consecutive gain against the US dollar in the interbank foreign exchange market on Wednesday.
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Karachi, September 13, 2023 – The US dollar value has declined to PKR 298.50 during intraday trading at the interbank foreign exchange market on Wednesday.
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Karachi, September 13, 2023 – Government borrowing from banks has seen a substantial surge of 72 percent during the initial two months of the fiscal year 2023-24, as revealed by official data released on Tuesday.
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Karachi, September 12, 2023 – Pakistan’s bank deposits have surged to a historic high, reaching Rs 26.11 trillion by the end of August 2023, as per data released by the State Bank of Pakistan (SBP) on Tuesday.
(more…)Karachi, September 12, 2023 – The Pakistani Rupee (PKR) continued its impressive recovery for the fifth consecutive trading session against the US Dollar (USD) on Tuesday, following its historic low point on September 5, 2023.
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Karachi, September 12, 2023 – In a strategic move, the board of directors at United Bank Limited (UBL) has given their unanimous approval to establish an exchange company and sell shares in United National Bank Limited UK (UNBL UK).
(more…)Karachi, September 12, 2023 – The State Bank of Pakistan (SBP) is likely to consider a substantial increase in the benchmark interest rate, potentially reaching a historic high above the current record of 22 percent.
(more…)Karachi, September 12, 2023 – The State Bank of Pakistan (SBP) has officially disclosed the date for its upcoming Monetary Policy Committee (MPC) meeting.
(more…)Karachi, September 12, 2023 – The US dollar continued its downward trajectory against the Pakistani Rupee (PKR) on Tuesday, reaching PKR 299 in intraday interbank foreign exchange trading.
(more…)Karachi, September 11, 2023 – Pakistan has witnessed a substantial decline in workers’ remittances, with inflows plummeting by over 21 percent during the first two months of fiscal year 2023-24.
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