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, July 27, 2023 – The State Bank of Pakistan (SBP) is poised to make a crucial decision on the benchmark interest rate following the successful conclusion of a loan deal with the International Monetary Fund (IMF).
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Karachi, July 27, 2023 – The Pakistani Rupee (PKR) experienced a slight uptick against the US Dollar in the interbank foreign exchange market today, due to financial assistance from China.
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Bank Alfalah, one of Pakistan’s largest commercial banks, has teamed up with World Wide Fund for Nature Pakistan (WWF-Pakistan), a leading environmental conservation organization, to kickstart #GreenWayForward, a plantation campaign.
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Karachi, July 26, 2023 – Habib Bank Limited (HBL) has surpassed expectations by announcing a remarkable profit for the Second Quarter of Calendar Year 2023 (2QCY23).
(more…)Karachi, July 26, 2023 – The Pakistani Rupee (PKR) broke an 8-day losing streak against the dollar on Wednesday, experiencing a recovery of PKR 1.48, thanks to Chinese finance assistance.
(more…)Karachi, July 26, 2023 – The State Bank of Pakistan (SBP) has recently issued a set of comprehensive instructions regarding the import of cash US dollars through cargo or security companies.
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Karachi, July 25, 2023 – Pakistan’s private sector has been hit hard by the economic slowdown and high interest rates, as bank loans plummeted by a staggering 87 percent in the fiscal year 2022-2023, according to data released by the State Bank of Pakistan (SBP) on Tuesday.
(more…)Karachi, July 25, 2023: The Pakistani Rupee (PKR) has experienced its eighth consecutive loss against the US dollar on Tuesday, driven by an increase in demand for import payments.
(more…)Karachi, July 25, 2023 – In a recent circular issued to all banks, development financial institutions, and microfinance banks, the State Bank of Pakistan (SBP) has declared bank holidays for the observance of Ashura Moharram 2023.
(more…)Karachi, July 24, 2023 – The Pakistani Rupee (PKR) has endured another significant decline, falling by PKR 1.11 against the US dollar during its ongoing 7-day losing streak.
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