Category: Money & Banking

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.

Rupee makes third consecutive gain against US dollar to end at PKR 285.15

In a positive trend for the Pakistani economy, the Pakistani Rupee (PKR) registered its third straight day of gains against the US dollar. The interbank foreign exchange market witnessed an appreciation of the rupee, with the exchange rate closing at PKR 285.15 to the dollar. This recent surge in value follows a decline to PKR 287.15 on May 23, 2023.
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May 26, 2023
Rupee shows strong recovery against US dollar to end at PKR 285.74

Karachi, May 25, 2023 – The Pakistani Rupee (PKR) witnessed a significant recovery against the US dollar, closing at PKR 285.74 in the interbank foreign exchange market on Thursday.
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May 25, 2023
Banking Loans to Private Sector Plummet by 94% in 10 ½ Months

Banking loans extended to the private sector in Pakistan have experienced a significant decline of 94% during the first 10 and a half months of the current fiscal year, as per the latest data released by the State Bank of Pakistan (SBP).
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May 25, 2023
SBP penalizes five banks with Rs224 million for regulatory violations

Karachi, May 24, 2023 – The State Bank of Pakistan (SBP) has taken strict action against five commercial banks for violating regulatory provisions, including anti-money laundering (AML) laws.
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May 24, 2023
Pakistani rupee ends five-day losing streak against dollar on May 24, 2023

Karachi, May 24, 2023 – The Pakistani Rupee managed to break free from its five-day losing streak against the US dollar on Wednesday, as it recorded a slight gain in the interbank foreign exchange market.
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May 24, 2023
Pakistani rupee declines for fifth consecutive day amid debt repayment pressure

The Pakistani Rupee (PKR) experienced its fifth consecutive day of decline against the US dollar on Tuesday, as external debt repayment pressure and political uncertainty continued to weigh on the currency. The interbank foreign exchange market witnessed a decrease of 59 paisas, with the exchange rate closing at PKR 287.15 compared to the previous day’s closing rate of PKR 286.56.
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May 23, 2023
Mobilink Bank, Hashoo Foundation sign MoU to promote financial inclusion

Mobilink Bank and Hashoo Foundation (HF) have joined forces to promote financial inclusion for Micro, Small, and Medium Enterprises (MSMEs) through a Memorandum of Understanding (MoU).
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May 22, 2023
PKR falls by 74 paisas against dollar, closes at PKR 286.56 in interbank

The Pakistani Rupee (PKR) on Monday lost 74 paisas against US Dollar in the interbank foreign exchange market. This decline is attributed to heightened demand for the dollar due to the start of the trading week.
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May 22, 2023
Rupee hits PKR 288 against dollar in midday trading on May 22, 2023

KARACHI: The Pakistani Rupee (PKR) experienced a significant drop against the US dollar, reaching PKR 288 during midday trading at the interbank foreign exchange market on Monday.
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May 22, 2023
PKR may remain volatile against dollar for week starting May 22, 2023

After going through stable and uncertain sessions, the Pakistani Rupee (PKR) may remain volatile against the US Dollar for next week starting from May 22, 2023.
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May 20, 2023