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.
Category: Money & Banking
-
Pakistan Set to Launch Online FX Trading Platform by Month-End
Karachi, January 22, 2024 – In a strategic move, Pakistan has announced its plans to introduce an online trading platform for foreign exchange by the end of January 2024, marking a significant step toward enhancing transparency and efficiency in the country’s FX market.
Written by
-
IMF Urges Pakistan to Avoid Forex Restrictions for Stability
Karachi, January 21, 2024 – The International Monetary Fund (IMF) has advised Pakistan to exercise caution and avoid imposing restrictions on foreign exchange, emphasizing the importance of supporting a return to a market-determined exchange rate.
Written by
-
President Orders Banking Services Block for Fraudsters
Islamabad, January 21, 2024 – President Dr. Arif Alvi has taken a firm stand against banking fraud, ordering the blocking of banking services to fraudsters.
Written by
-
Rupee Gains PKR 0.08 to US Dollar on January 19
Karachi, January 19, 2024 – The Pakistani Rupee (PKR) demonstrated resilience on the last trading day of the week, making a modest gain of PKR 0.08 against the US dollar.
Written by
-
Rupee Strengthens to Reach PKR 279.98 Against Dollar
Karachi, January 18, 2024 – The Pakistani Rupee (PKR) demonstrated its resilience in the interbank foreign exchange market on Thursday, reaching PKR 279.98 against the US dollar.
Written by
-
US Dollar Weakens to PKR 280.10 in Interbank Forex Market
Karachi, January 17, 2024 – The US Dollar faced a decline against the Pakistani Rupee (PKR) on Wednesday, settling at PKR 280.10 in the interbank foreign exchange market.
Written by
-
Rupee Holds Steady at PKR 280.25 Against US Dollar
Karachi, January 16, 2024 – The Pakistan Rupee (PKR) closed unchanged against the US dollar at PKR 280.25 on Tuesday, maintaining stability in the foreign exchange market. The flat closing comes amidst growing foreign currency demand for import payments.
Written by
-
Salaried Persons Bank Deposits Surge by Over 20% in 2023
Karachi, January 16, 2024 – Salaried persons in Pakistan have shown a remarkable inclination towards the banking system, as their deposits experienced a substantial surge of over 20 percent in the year 2023.
Written by
-
Raqami and Euronet Pakistan Forge Alliance for Digital Payments
Karachi, January 14, 2024 — Raqami Islamic Digital Bank (RIDB) and Euronet Pakistan Pvt. Ltd. have joined forces in an exclusive partnership aimed at spearheading the digital payments landscape in Pakistan.
Written by
-
Bank Deposits Reach Historic High of Rs 27.84 Trillion in Pakistan
Karachi, January 15, 2024 – In a remarkable turn of events, bank deposits in Pakistan have achieved an unprecedented milestone, reaching a historic high of Rs 27.84 trillion by the end of December 2023, as reported by the State Bank of Pakistan (SBP) on Monday.
Written by
