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, September 1, 2023 – The State Bank of Pakistan (SBP) has officially dismissed rumors of an unscheduled monetary policy committee (MPC) meeting and reaffirmed that the next review of interest rates will take place on September 14, 2023.
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Islamabad – August 31, 2023: Mobilink Bank has introduced an exclusive 10 percent discount on Hajj and Umrah packages for both its customers and employees.
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Karachi, August 31, 2023 – The Pakistani Rupee (PKR) reached a fresh low at PKR 305.54 against the US Dollar on Thursday in interbank foreign exchange market, marking its relentless descent over a ten-day period.
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Karachi, August 31, 2023 – The National Bank of Pakistan (NBP), the country’s largest public sector financial institution, has incurred penalties for regulatory violations at both its domestic and overseas branches, as confirmed by official documents.
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Karachi, August 31, 2023 – The relentless ascent of the US dollar against the Pakistani Rupee (PKR) reached a new peak on Thursday, with the exchange rate surging to an unprecedented high of PKR 305.25 during intraday trading.
(more…)Karachi, August 30, 2023 – The Pakistani Rupee (PKR) continues its freefall against the US dollar, hitting a new low at PKR 304.45 on Wednesday.
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Karachi, August 30, 2023 – Pakistan’s commercial banking sector has achieved an extraordinary three-fold increase in profitability during the second quarter of 2023.
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Karachi, August 29, 2023 – The State Bank of Pakistan (SBP) has taken swift action by suspending the authorization of an Exchange Company, M/s Money Link Exchange Company (Private) Limited, with immediate effect.
(more…)Karachi, August 29, 2023 – The Pakistani Rupee (PKR) has continued its relentless decline against the US dollar for the eighth consecutive day, setting a new all-time low at PKR 303.05 in the interbank foreign exchange market.
(more…)Karachi, August 29, 2023 – The National Bank of Pakistan (NBP) has reported an astounding 122 percent increase in after-tax profit for the first half of the calendar year 2023.
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