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: State Bank of Pakistan (SBP) on Tuesday said that banks will remain closed on March 24, 2023 for public dealing due to deduction Zakat.
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KARACHI: Elimination of tax on transactions and high interest rates have made banking system a heaven for investment.
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KARACHI: Pakistani rupee (PKR) plummeted by PKR 2.32 against the dollar on Monday owing to constraints in inflow of the foreign currency.
(more…)KARACHI: State Bank of Pakistan (SBP) on Monday declared bank holiday on March 23, 2023 on the occasion of Pakistan Day.
(more…)KARACHI: State Bank of Pakistan (SBP) on Friday revised interchange reimbursement fee for cards issued in the country used on domestic point of sale (POS) terminals.
(more…)Pakistan on Friday issued Nisab of Zakat for deduction at source in respect of deposits in bank accounts.
(more…)KARACHI: Pakistani Rupee (PKR) strengthened by PKR 1.11 against the dollar on Friday owing to improvement in foreign exchange reserves of the country.
(more…)KARACHI: State Bank of Pakistan (SBP) on Friday said it will issue commemorative coin of Rs50 to celebrate Golden Jubilee of Pakistan Senate.
(more…)KARACHI: The federal government has borrowed an amount of Rs1.96 trillion from commercial banks during first eight months (July – March) 2022-2023 for budgetary support, State Bank of Pakistan (SBP) said on Thursday.
(more…)KARACHI: Pakistani Rupee (PKR) on Thursday inched up against the dollar in the interbank foreign exchange market.
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