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.
On April 26, 2023, the State Bank of Pakistan (SBP) issued special instructions to banks regarding the payment of duty and taxes.
(more…)
The Pakistani Rupee (PKR) recovered eight paisas against the US dollar on Wednesday at interbank closing despite the fact the market was opened after five holidays.
(more…)
During intraday trading on April 26, 2023, the Pakistani Rupee (PKR) experienced a depreciation of PKR 1.03 to PKR 284.50 against the US dollar.
(more…)
State Bank of Pakistan (SBP) has issued updated list up to April 23, 2023 of exchange companies in categories of A and B.
(more…)The State Bank of Pakistan (SBP) Thursday issued revised instructions for the transfer of Export Development Surcharge (EDS) through Real Time Gross Settlement (RTGS) and reporting through Data Acquisition Portal (DAP).
(more…)On April 20, 2023, the Pakistani Rupee (PKR) appreciated by 42 paisas against the US dollar in the interbank foreign exchange market, ending at PKR 283.47.
(more…)The State Bank of Pakistan (SBP) on Wednesday announced bank holidays for Eid-ul-Fitr. This is an annual Islamic festival celebrated by Muslims worldwide after the holy month of Ramadan.
(more…)On April 19, 2023, the Pakistani Rupee (PKR) closed firmer against the US dollar in the interbank foreign exchange market, ending at PKR 283.89.
(more…)
Meezan Bank Limited, Pakistan’s largest Islamic bank, has announced a robust 68% increase in profit for the first quarter ended March 31, 2023, despite the economic challenges faced by the country.
(more…)
Pakistan Housing Finance Company (PHFC) has offered to inject equity up to Rs12 billion into Silkbank Limited, according to a statement shared with the Pakistan Stock Exchange (PSX) on Wednesday.
(more…)