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 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).
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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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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.
(more…)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.
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