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.
The State Bank of Pakistan (SBP) has raised its benchmark policy rate by a significant 1400 basis points to 21 per cent over the past 18 months to address the economic challenges being faced by the country.
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Pakistan’s banking sector is facing growing risks due to its increasing exposure to the government, according to a report issued by the World Bank.
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Standard Chartered Bank (Pakistan) Limited recently conducted a financial literacy program for over 1200 underprivileged children from HOPE schools.
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The State Bank of Pakistan (SBP) has extended the effective implementation date of the International Financial Reporting Standards (IFRS) 9 for banks and development finance institutions (DFIs).
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State Bank of Pakistan (SBP) on Thursday announced to issue Rs50 commemorative coin to mark Golden Jubilee of the Constitutions 1973.
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The US dollar lost value against the Pakistani Rupee (PKR) on Thursday, ending at PKR 284.91, as markets anticipate the finalization of the 9th review of Pakistan’s International Monetary Fund (IMF) program.
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KARACHI: As the end of Ramazan approaches, Pakistanis are eagerly anticipating the celebration of Eid-ul-Fitr, which involves the tradition of giving money as a gift to loved ones, especially children.
(more…)The Pakistani rupee (PKR) saw a recovery of PKR 1.81 to end at PKR 286.62 against the dollar on Wednesday after falling to a historic low a day earlier.
(more…)State Bank of Pakistan (SBP) on April 11, 2023 revised the instructions regarding retention period of export proceeds with authorized dealers upon realization.
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