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 21, 2023 – The Pakistani Rupee (PKR) maintained its upward trajectory on Thursday, registering a steady rise against the US dollar to reach PKR 282.79 in the interbank foreign exchange market.
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You need not worry about the genuineness of the Rs 5000 banknote, as the State Bank of Pakistan (SBP) has issued guidelines to authenticate the highest denomination banknote in the country.
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Karachi, December 20, 2023 – The State Bank of Pakistan (SBP) declared a bank holiday on Monday, December 25, 2023, in observance of Quaid-e-Azam Day and Christmas, as announced by the Government of Pakistan.
(more…)Karachi, December 19, 2023 – The Pakistani Rupee (PKR) continued its upward trend against the US dollar on Wednesday, closing at PKR 282.90 in the interbank foreign exchange market.
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Karachi, December 20, 2023 – Pakistan has implemented substantial cuts to the interest rates on saving schemes, despite maintaining a higher benchmark policy rate.
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Karachi, December 20, 2023: Meezan Bank, a pioneer in Islamic banking, convened its 63rd Shariah Board Meeting at Darul Uloom, Karachi, underscoring the institution’s unwavering commitment to upholding Islamic principles in its financial operations.
(more…)Karachi, December 19, 2023 – The Pakistani Rupee (PKR) continued its upward trajectory against the US Dollar on Tuesday, closing the interbank foreign exchange market with an appreciation of PKR 0.20.
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Karachi, December 18, 2023 – The State Bank of Pakistan (SBP) has granted approval for banks to leverage a shared platform for Know Your Customer (KYC) and Customer Due Diligence (CDD).
(more…)Karachi, December 18, 2023 – In a surprising turn of events, the Pakistani Rupee (PKR) demonstrated resilience by making a modest gain of PKR 0.05 against the US dollar on Monday.
(more…)Karachi, December 17, 2023 – Currency analysts are anticipating a stable trajectory for the Pakistani Rupee (PKR) against the US Dollar in the upcoming week, starting December 18, 2023.
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