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.
The State Bank of Pakistan (SBP) marked the 75th anniversary of diplomatic relations between Pakistan and the United States by issuing a commemorative coin valued at 75 rupees.
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Karachi, August 24, 2023 – The US dollar achieved a historic milestone on Thursday, breaching the PKR 300-mark for the first time in Pakistan’s history at the close of the Interbank foreign exchange market.
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Karachi, August 24, 2023 – Faysal Bank Limited (FBL) has announced a remarkable surge in its half-yearly profits, with the profit after tax soaring to Rs7.53 billion for the period ending on June 30, 2023.
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Karachi, August 24, 2023 – Standard Chartered Bank (Pakistan) Limited has announced a remarkable 132 percent surge in after-tax profit, reaching Rs 18.78 billion for the half-year ending on June 30, 2023.
(more…)Karachi, August 23, 2023 – The Pakistani Rupee (PKR) managed to stay above the 300-mark against the US dollar at the closing of the interbank foreign exchange market on Wednesday.
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Karachi, August 23, 2023 – In a startling development, the US dollar has nearly reached the unprecedented level of Pakistani Rupees (PKR) 300 during intraday trading at the interbank foreign exchange market on Wednesday.
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Karachi, August 23, 2023 – Pakistan’s private sector has begun retiring bank loans in response to the challenging economic conditions facing the country.
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Karachi, August 22, 2023 – ABHI Pakistan, the nation’s pioneering embedded finance platform, is revolutionizing financial empowerment in Pakistan with a suite of innovative financial solutions. These include Earned Wage Access, Invoice Factoring, and Payroll Solutions.
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Karachi, August 22, 2023 – The State Bank of Pakistan (SBP) has taken a significant step in enhancing the convenience of mobile device registration in Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan (GB) by implementing the Device Identification Registration & Blocking System (DIRBS) in these regions.
(more…)Karachi, August 22, 2023 – The Pakistani Rupee (PKR) has hit a historic low, closing at PKR 299.01 against the US dollar in the interbank foreign exchange market on Tuesday.
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