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, August 21, 2023 – The Pakistani Rupee (PKR) experienced a sharp decline of PKR 1.35 against the US Dollar on Monday, edging closer to its historic low in interbank foreign exchange market.
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Karachi, August 21, 2023 – The State Bank of Pakistan (SBP) has officially declared the final deadline for resubmission of duty drawback claims, affecting both the textile and non-textile sectors.
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Karachi, August 20, 2023 – The Pakistani Rupee (PKR) faced mounting pressure against the US dollar during midday trading on Monday, with the rupee weakening by 47 paisas to reach PKR 296.25 against the dollar in interbank trading.
(more…)Karachi, August 20, 2023 – The Pakistani Rupee (PKR) is anticipated to encounter mounting pressure against the US dollar in the upcoming week commencing on August 21, 2023.
(more…)Karachi, August 18, 2023 – In a concerning development, the Pakistani Rupee (PKR) experienced a significant drop against the US Dollar, reaching a worrisome level of PKR 295.78.
(more…)Karachi, August 17, 2023 – The Pakistani Rupee (PKR) demonstrated resilience against the US Dollar by ending at PKR 294.92 in the interbank foreign exchange market on Thursday.
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Karachi, August 17, 2023 – In a remarkable display of financial prowess, Allied Bank Limited (ABL) has reported an astounding 158 percent increase in profit after tax for the first half of the year ending June 30, 2023.
(more…)Karachi, August 16, 2023 – The Pakistan rupee took a steep dive, reaching an alarming level of PKR 294.93 against the US dollar in today’s interbank foreign exchange market.
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Karachi, August 16, 2023: In a significant development, Summit Bank Limited gathered its shareholders in an Extraordinary General Meeting (EOGM) where they gave their approval for the bank’s name to be altered from ‘Summit Bank Limited’ to ‘Bank Makramah Limited’.
(more…)Karachi, August 16, 2023 – The US dollar has gained more value compared to the Pakistani Rupee today. At midday, the dollar was worth PKR 293.50 in the interbank foreign exchange market. This change happened quickly and surprised many.
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