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, October 23, 2023 – The State Bank of Pakistan (SBP) has introduced a significant initiative to support the growing community of freelancers in the country by launching the Exporters’ Special Foreign Currency Account (ESFCA).
(more…)Karachi, October 20, 2023 – The majority of respondents in a recent survey have expressed their belief that the State Bank of Pakistan (SBP) is likely to keep its benchmark policy rate unchanged at 22 percent in its next review.
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Karachi, October 20, 2023 – The Pakistani Rupee (PKR) displayed remarkable stability against the US dollar, closing at PKR 278.80 in the interbank foreign exchange market, just a fraction lower than the previous day’s closing rate of PKR 278.81.
(more…)Karachi, October 19, 2023 – The Pakistani Rupee (PKR) demonstrated its strength against the US Dollar, closing at PKR 278.81 in the foreign exchange market on Thursday. This marks a notable gain of PKR 1.48 against the US Dollar from the previous day’s closing rate of PKR 280.29 in the interbank foreign exchange market.
(more…)Karachi, October 18, 2023 – The US dollar exhibited a sharp resurgence against the Pakistani Rupee (PKR) on Wednesday, closing at PKR 280.29 in the foreign exchange market.
(more…)Karachi, October 17, 2023 – The US dollar made a notable gain against the Pakistani Rupee (PKR), putting an end to a remarkable winning streak of 28 straight sessions on Tuesday.
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Karachi, October 16, 2023 – Official data released on Monday has revealed that bank deposits in Pakistan have achieved an unprecedented milestone, reaching a new record high of Rs 26.32 trillion by the end of September 2023.
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Karachi, October 16, 2023 – The Banking Mohtasib Pakistan has delivered a significant financial relief of Rs 972.33 million to banking customers during the initial nine months of 2023, demonstrating its commitment to safeguarding the rights and interests of the banking community.
(more…)Karachi, October 16, 2023 – The Pakistani Rupee (PKR) has continued its remarkable rally against the US dollar for the 28th consecutive session, reaching a rate of PKR 276.83 in the interbank foreign exchange market.
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Karachi, October 15, 2023 – The Pakistani Rupee (PKR) is poised to extend its recent gains against the US dollar in the upcoming week starting October 16, 2023.
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