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 13, 2023 – The US dollar continued its downward spiral, weakening for the 27th consecutive session against the Pakistani Rupee (PKR) and concluding at PKR 277.62 on Friday in the interbank foreign exchange market.
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Karachi, October 12, 2023 – The State Bank of Pakistan (SBP) has officially confirmed that the Rs 75 banknote is legal tender throughout the country.
(more…)Karachi, October 12, 2023 – The Pakistani Rupee (PKR) marked a historic milestone by concluding a 26-session winning streak against the US dollar, showcasing an exceptional recovery.
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Karachi, October 12, 2023 – The State Bank of Pakistan (SBP) has taken a resolute stance in its ongoing efforts to combat regulatory violations within the exchange sector.
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Karachi, October 10, 2023 – In a significant move, Faysal Bank Limited (FBL) and State Life Insurance Company (SLIC) have inked a collaboration agreement to provide Takaful operations.
(more…)Karachi, October 11, 2023 – In a remarkable show of resilience, the Pakistani Rupee (PKR) continued its impressive streak against the US dollar for the 25th consecutive session, closing at an impressive PKR 279.51, gaining PKR 1 from the previous day’s closing rate of PKR 280.51.
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Karachi, October 10, 2023 – Pakistan has unveiled plans to raise a substantial amount of Rs 7.90 trillion through the sale of Market Treasury Bills (MTBs) over the next three months, according to an announcement made on Tuesday.
(more…)Karachi, October 10, 2023 – Pakistan has experienced a significant 20 percent decline in foreign remittances during the first quarter (July – September) of fiscal year 2023-24.
(more…)Karachi, October 10, 2023 – The Pakistani Rupee (PKR) has demonstrated remarkable strength by appreciating by 8.66 percent against the US dollar since hitting a historic low of PKR 307.10.
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Karachi, October 10, 2023: The Bank of Future Forum (BOFF) 2023, co-hosted by Systems Limited and Temenos, proved to be a success, drawing an extensive audience of over 500 attendees.
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