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, January 29, 2024 – In a significant move to uphold regulatory compliance in the banking sector, Pakistan has imposed a substantial monetary penalty totaling Rs 465 million on 10 commercial banks.
(more…)
Karachi, January 29, 2024 – In a move aligning with global trends, the State Bank of Pakistan (SBP) has decided to introduce a new series of currency notes, boasting enhanced security features.
(more…)
Karachi, January 29, 2024 – In a highly anticipated decision, the State Bank of Pakistan (SBP) announced on Monday that it will keep the benchmark policy rate unchanged at 22 percent.
(more…)
Karachi, January 29, 2024 – The Pakistani Rupee (PKR) experienced a slight decline of PKR 0.05 against the US Dollar on Monday, marking the beginning of the trading week.
(more…)
Karachi, January 28, 2024 – The Pakistani Rupee (PKR) is anticipated to maintain its stability against the US dollar in the upcoming week, starting January 29, 2024.
(more…)Karachi, January 26, 2024 – The Pakistani Rupee (PKR) wrapped up the week on a positive note, closing at a stronger position of PKR 279.59 against the US dollar, marking 8 paisas gain from the previous day’s closing rate of PKR 279.67.
(more…)
Karachi, January 26, 2024 – In a move that has financial circles buzzing, the Pakistan has announced a significant reduction in profit rates on key saving certificates, effective from Friday, January 26, 2024.
(more…)
Karachi, January 25, 2024 – Topline Research’s recent poll has revealed a prevailing expectation of a status quo in the benchmark policy rate at 22 percent during the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) meeting scheduled for January 29, 2024.
(more…)Karachi, January 25, 2024 – In a positive turn of events, the Pakistani Rupee (PKR) concluded Thursday on a firmer note, reaching PKR 279.67 against the US dollar.
(more…)Karachi, January 24, 2024 – In a welcome turn of events, the Pakistani Rupee (PKR) demonstrated resilience and gained PKR 0.12 against the US dollar on Wednesday, reaching PKR 279.67 in the interbank foreign exchange market.
(more…)