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, November 08, 2023 – The Pakistani Rupee (PKR) continued its losing streak, marking its 13th consecutive decline to end at PKR 286.90 against the US dollar on Wednesday.
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Karachi, November 8, 2023 – In a startling revelation, official data from the State Bank of Pakistan (SBP) has shown that discontinued bearer prize bonds worth a staggering Rs 5 billion remain unclaimed as of September 30, 2023.
(more…)Karachi, November 07, 2023 – The Pakistani Rupee (PKR) extended its losing streak, recording its 12th consecutive decline to close at PKR 286.39 against the US dollar on Tuesday.
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Karachi, November 7, 2023 – United Bank Limited (UBL) has been embroiled in a legal dispute with the State Bank of Pakistan (SBP) since 2016 over a penalty totaling Rs 4.09 billion.
(more…)Karachi, November 6, 2023 – The Pakistani Rupee (PKR) continued its downward trajectory, wrapping up its 11th consecutive decline at PKR 285.29 against the US dollar on Monday.
(more…)The Pakistani Rupee (PKR) is expected to face further decline against the US dollar in the upcoming week, commencing on November 6, 2023.
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Karachi, November 4, 2023 – The State Bank of Pakistan (SBP) has officially announced a bank holiday scheduled for November 9, 2023, in observance of Allama Iqbal Day.
(more…)Karachi, November 3, 2023 – The Pakistani Rupee (PKR) continued its downward trend, concluding its 10th consecutive falling session at PKR 284.31 against the US dollar on Friday.
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Karachi, November 3, 2023 – The Arab Monetary Fund (AMF) and Pakistan have inked a Memorandum of Understanding (MoU) for enhancing cross-border remittances.
(more…)Karachi, November 2, 2023 – The Pakistani Rupee (PKR) continued its downward trajectory for the ninth consecutive session, depreciating further against the US dollar to reach a rate of PKR 283.43 in the interbank foreign exchange market.
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