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 15, 2023 – Banks in Pakistan have witnessed all-time high deposits of Rs 26.80 trillion by end of November 2023, according to official statistics.
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Karachi, December 15, 2023 – The State Bank of Pakistan (SBP) has called on commercial banks to expand their reach and enhance their involvement in the agriculture sector, emphasizing the critical role this sector plays in the country’s socioeconomic development.
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Karachi, December 15, 2023 – The Pakistani Rupee (PKR) experienced a noteworthy boost on the last trading day of the week, appreciating by PKR 0.25 against the US dollar in the interbank foreign exchange market.
(more…)Karachi, December 14, 2023 – The Pakistani Rupee strengthened by 10 paisas against the US Dollar on Thursday, closing at PKR 283.51 in the interbank foreign exchange market.
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Karachi, December 13, 2023 – The US Dollar experienced a decline against the Pakistani Rupee on Wednesday, weakening by PKR 0.17 at the closing of the interbank foreign exchange market.
(more…)Karachi, December 12, 2023 – The State Bank of Pakistan (SBP) announced on Tuesday that it would maintain the benchmark policy rate at 22 percent for the fourth consecutive time.
(more…)Karachi, December 12, 2023 – The Pakistani Rupee (PKR) demonstrated resilience on Tuesday, gaining PKR 0.12 against the US dollar in the interbank foreign exchange market, closing at PKR 283.78 compared to the previous day’s closing of PKR 283.90.
(more…)Karachi, December 11, 2023 – The Pakistani Rupee (PKR) experienced a dip of PKR 0.03 against the US dollar at the close of the interbank foreign exchange market on Monday.
(more…)Karachi, December 10, 2023 – The Pakistani Rupee likely to stay stable against the dollar during next week starting on December 10, 2023.
(more…)Karachi, December 8, 2023 – The State Bank of Pakistan (SBP) has reported a notable decline in foreign remittances, revealing a 10 percent drop to $11.05 billion during the initial five months (July – November) of the current fiscal year 2023-2024.
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