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 6, 2023 – The Pakistani Rupee (PKR) showed signs of recovery by gaining 12 paisas against the US dollar in a highly volatile trading session in the interbank foreign exchange market on Wednesday.
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Karachi, September 6, 2023 – The National Bank of Pakistan (NBP) has disclosed that its total tax contingencies have risen to Rs 29.26 billion, according to official documents released recently.
(more…)Karachi, September 5, 2023 – The Pakistani Rupee (PKR) continued its relentless decline against the US dollar on Tuesday, reaching a fresh low of PKR 307.10 at the interbank closing.
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Karachi, September 5, 2023 – The US dollar reached an all-time high of PKR 306.25 during intraday trading at the interbank market on Tuesday, marking a significant depreciation in the value of the Pakistani rupee.
(more…)Karachi, September 4, 2023 – The Pakistani Rupee (PKR) experienced a decline of 17 paisas against the US dollar on Monday, reaching a new historic low of PKR 305.64 in the interbank foreign exchange market.
(more…)Karachi, September 3, 2023 – Following a significant depreciation over the past two weeks, the Pakistani Rupee (PKR) is poised to exhibit resilience against the US dollar in the coming week, offering some solace to concerned observers.
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Karachi, September 2, 2023 – Pakistan’s groundbreaking instant payment system, Raast, is set to undergo a major system upgrade, temporarily rendering it unavailable to the public, according to an announcement by the State Bank of Pakistan (SBP).
(more…)Karachi, September 1, 2023 – The Pakistani Rupee (PKR) has finally broken its 10-day losing streak against the US dollar, showing signs of recovery by gaining 7 paisas in the closing of the interbank foreign exchange market.
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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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