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.
In mid-day interbank trading, the Pakistani Rupee (PKR) on Tuesday experienced an all-time low against the US Dollar. The local currency closed at PKR 288 against dollar.
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The value of Dogecoin surged against Pakistani Rupee (PKR) following the change in Twitter’s logo from the bird’s symbol to Doge symbol.
(more…)The Pakistani Rupee (PKR) plunged by PKR 1.25 to end near all-time low against the dollar on Monday in interbank foreign exchange market.
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The State Bank of Pakistan (SBP) is set to issue a monetary policy statement on April 4, 2023.
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The State Bank of Pakistan (SBP) has imposed a mark on lien for exporters who fail to realize export money within the prescribed time frame.
(more…)Due to a fall in foreign exchange reserves, the Pakistani Rupee (PKR) slipped by 13 paisas against the dollar and closed at PKR 283.79 in the interbank foreign exchange market, compared to the previous day’s closing of PKR 283.66.
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KARACHI: Meezan Bank, Pakistan’s leading Islamic bank, has announced that it has received over US $1.5 billion in deposit inflows under the Roshan Digital Account (RDA) initiative.
(more…)Pakistani Rupee (PKR) recovered 26 paisas against the US Dollar on Thursday to end at PKR 283.66 in interbank foreign exchange market.
(more…)KARACHI: State Bank of Pakistan (SBP) on Thursday revoked licenses of two foreign exchange companies.
(more…)Bank borrowing by Private sector in Pakistan has plunged by over 77 per cent during eight and half months of the current fiscal year when compared with the same period of the last fiscal year.
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