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, August 23, 2023 – In a startling development, the US dollar has nearly reached the unprecedented level of Pakistani Rupees (PKR) 300 during intraday trading at the interbank foreign exchange market on Wednesday.
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Karachi, August 23, 2023 – Pakistan’s private sector has begun retiring bank loans in response to the challenging economic conditions facing the country.
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Karachi, August 22, 2023 – ABHI Pakistan, the nation’s pioneering embedded finance platform, is revolutionizing financial empowerment in Pakistan with a suite of innovative financial solutions. These include Earned Wage Access, Invoice Factoring, and Payroll Solutions.
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Karachi, August 22, 2023 – The State Bank of Pakistan (SBP) has taken a significant step in enhancing the convenience of mobile device registration in Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan (GB) by implementing the Device Identification Registration & Blocking System (DIRBS) in these regions.
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Karachi, August 22, 2023 – The Pakistani Rupee (PKR) has hit a historic low, closing at PKR 299.01 against the US dollar in the interbank foreign exchange market on Tuesday.
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Karachi, August 22, 2023 – BankIslami Pakistan Limited, a prominent player in Pakistan’s banking sector, has reported a remarkable surge in its profit after tax for the first half of 2023, marking a stunning growth of over 250 percent.
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Karachi, August 22, 2023 – The Pakistani Rupee (PKR) plunged to an unprecedented low against the US dollar today, reaching PKR 299 in intraday trading at the interbank market.
(more…)Karachi, August 22, 2023 – The US dollar has strengthened its position against the Pakistani Rupee, surging to PKR 297.74 during midday interbank trading today.
(more…)Karachi, August 21, 2023 – The Pakistani Rupee (PKR) experienced a sharp decline of PKR 1.35 against the US Dollar on Monday, edging closer to its historic low in interbank foreign exchange market.
(more…)Karachi, August 21, 2023 – The State Bank of Pakistan (SBP) has officially declared the final deadline for resubmission of duty drawback claims, affecting both the textile and non-textile sectors.
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