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: The State Bank of Pakistan (SBP) has announced that all banks in the country will remain closed on May 01, 2023, in observance of Labor Day.
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The Pakistani Rupee (PKR) continues to face challenges in the foreign exchange market, with its value weakening by 53 paisas to the US dollar on Thursday, April 27, 2023.
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Standard Chartered Bank (Pakistan) Limited Thursday reported a significant surge in its profit after tax for the first quarter of calendar year 2023.
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On April 26, 2023, the State Bank of Pakistan (SBP) issued special instructions to banks regarding the payment of duty and taxes.
(more…)The Pakistani Rupee (PKR) recovered eight paisas against the US dollar on Wednesday at interbank closing despite the fact the market was opened after five holidays.
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During intraday trading on April 26, 2023, the Pakistani Rupee (PKR) experienced a depreciation of PKR 1.03 to PKR 284.50 against the US dollar.
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State Bank of Pakistan (SBP) has issued updated list up to April 23, 2023 of exchange companies in categories of A and B.
(more…)The State Bank of Pakistan (SBP) Thursday issued revised instructions for the transfer of Export Development Surcharge (EDS) through Real Time Gross Settlement (RTGS) and reporting through Data Acquisition Portal (DAP).
(more…)On April 20, 2023, the Pakistani Rupee (PKR) appreciated by 42 paisas against the US dollar in the interbank foreign exchange market, ending at PKR 283.47.
(more…)The State Bank of Pakistan (SBP) on Wednesday announced bank holidays for Eid-ul-Fitr. This is an annual Islamic festival celebrated by Muslims worldwide after the holy month of Ramadan.
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