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 8, 2023 – The Pakistani rupee (PKR) is poised to continue its ascent against the US dollar in the coming week as Pakistan implements various restrictions on Afghan transit trade.
(more…)Karachi, October 6, 2023 – The Pakistani Rupee (PKR) extended its month-long winning streak against the US dollar on Friday, defying a fall in foreign exchange reserves.
(more…)Karachi, October 5, 2023 – The Pakistani Rupee (PKR) has experienced a remarkable strengthening of 7.65 percent against the US dollar since reaching its lowest level on September 5, 2023.
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Karachi, October 5, 2023 – The State Bank of Pakistan (SBP) has reiterated that bank depositors in the country are fully protected through insurance coverage, addressing concerns raised in certain media reports.
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Karachi, October 4, 2023 – The State Bank of Pakistan (SBP) successfully conducted an auction of Market Treasury Bills (MTBs), selling T-bills worth Rs 557 billion.
(more…)Karachi, October 4, 2023 – The Pakistani Rupee (PKR) has completed an unprecedented month-long surge against the US dollar, marking a historic turnaround for the local currency.
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Islamabad, October 3, 2023 – The Securities and Exchange Commission of Pakistan (SECP) has issued a stern warning to the general public concerning the downloading of Android Package Kit (APK) files of illegal loan apps.
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Karachi, October 3, 2023 – Bank Alfalah, a leading financial institution in Pakistan, has unveiled plans to establish an exchange company with an authorized share capital of Rs 2 billion.
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Karachi, Pakistan – October 3, 2023 – The highly anticipated Bank of the Future Forum 2023 (BOFF), a prominent event in Pakistan’s banking and financial sector, is poised to kick off on October 5, 2023.
(more…)Karachi, October 3, 2023 – The Pakistan Rupee (PKR) continues to display remarkable strength against the US Dollar, maintaining its unbeatable streak for the 19th consecutive session. The day concluded with the PKR standing at PKR 285.72 in the interbank foreign exchange market.
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