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: The Pakistani Rupee (PKR) has appreciated against the US dollar by 81 paisas on Tuesday, April 18, 2023 in interbank foreign exchange market.
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KARACHI: Pak-Qatar Family Takaful (PQFT) and Emaan Islamic Banking (a division of Silk Bank) Collaborate to Offer Health Takaful Plan.
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KARACHI: Standard Chartered Bank Pakistan Limited (SCBL) recently signed an unfunded Risk-Participation Agreement with British International Investment (BII), the UK’s development finance institution and impact investor, to provide support to the microfinance sector in Pakistan.
(more…)The Pakistani rupee (PKR) slipped by 31 paisas against the US dollar on Monday to start the week in the interbank foreign exchange market.
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The State Bank of Pakistan (SBP) announced Monday that the Federal Government has extended the deadline for redemption of unregistered prize bonds until June 30, 2023.
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KARACHI: Pakistan’s banking sector is facing a threat from non-performing loans (NPLs) due to slow economic growth, according to analysts at KTrade Research.
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The State Bank of Pakistan (SBP) has issued new policy guidelines for banks in the country, instructing them to formulate a digital fraud prevention policy to safeguard their customers’ accounts.
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Banking Mohtasib of Pakistan, Muhammad Kamran Shehzad, Friday warned banking customers to be wary of new techniques being used by fraudsters to steal their hard-earned savings.
(more…)On Friday, the Pakistani rupee (PKR) recorded a gain of 51 paisas in rupee value, ending at PKR 284.40 to the dollar in the interbank foreign exchange market.
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KARACHI: State Bank of Pakistan (SBP) on Friday announced bank holidays for Eid-ul-Fitr from April 21 to 25, 2023 (Friday to Tuesday).
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