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, December 29, 2023 – The Pakistani Rupee (PKR) concluded the year 2023 on a positive note, registering a gain of PKR 0.07 against the US dollar, bolstered by an increase in foreign exchange reserves.
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Karachi, December 29, 2023 – In an official announcement, the State Bank of Pakistan (SBP) declared a bank holiday on January 1, 2024.
(more…)Karachi, December 28, 2023 – The Pakistani Rupee (PKR) made a modest gain of PKR 0.27 against the US dollar on Thursday, driven by robust foreign currency demand for imports and corporate payments.
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Karachi, December 27, 2023 – Financial analysts at Topline Securities Limited have characterized 2023 as a somber year for the Pakistani Rupee (PKR), which experienced a significant 20 percent depreciation against the US dollar.
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Karachi, December 27, 2023 – The State Bank of Pakistan (SBP) has issued crucial instructions to banks regarding International Toll Manufacturing (ITM) under the Export Facilitation Scheme (EFS).
(more…)Karachi, December 27, 2023 – The Pakistani Rupee (PKR) inched up by PKR 0.17 against the US dollar on Wednesday amid heavy foreign currency demand for import and corporate payments.
(more…)Karachi, December 26, 2023: In a surprising turn of events, the Pakistani Rupee (PKR) managed to make a marginal gain of PKR 0.16 against the US Dollar on Tuesday, closing at PKR 282.37 compared to the previous closing rate of PKR 282.53 on December 22, 2023, in the interbank foreign exchange market.
(more…)KARACHI – December 24, 2023: In the last week of 2023, experts believe the Pakistani rupee will likely stay steady against the US dollar. Starting December 26, 2023, this positive prediction is based on a good balance between how much people want and how much they have of the American currency, along with a smaller difference in the country’s spending and earnings.
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Karachi, December 22, 2023 – Meezan Bank Limited, Pakistan’s premier Islamic bank, has taken a significant step towards supporting the flourishing freelance community by entering into a strategic partnership with the Pakistan Freelancers Association (PAFLA).
(more…)Karachi, December 22, 2023 – In a surprising turn of events, the Pakistani Rupee (PKR) made a notable gain of PKR 0.26 against the US Dollar on Friday, despite a decline in the country’s foreign exchange reserves.
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