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: Meezan Bank, Pakistan’s leading Islamic Bank, has signed a Memorandum of Understanding (MoU) for providing Shariah advisory services globally, said a statement on Wednesday.
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KARACHI: State Bank of Pakistan (SBP) on Wednesday made important announcement related to withdrawn prize bonds.
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KARACHI: Pakistani Rupee (PKR) on Wednesday lost 56 paisas against the dollar in the interbank foreign exchange market.
(more…)KARACHI: Banking deposits have grown to historic high level of Rs 22.92 trillion by February 2023, according to data released by State Bank of Pakistan (SBP) a day earlier.
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KARACHI: Standard Chartered Bank Pakistan Limited (SCBPL) partnered with the British Deputy High Commission (BDHC), Karachi to organize an event to celebrate International Women’s Day.
(more…)KARACHI: Pakistani Rupee (PKR) registered another day of erosion against the US dollar on Tuesday and ended at PKR 282.29 in interbank foreign exchange market.
(more…)KARACHI: Pakistani Rupee (PKR) on Monday weakened against the dollar by 84 paisas to end at PKR 281.61 in the interbank foreign exchange market.
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KARACHI: Banking Mohtasib (Ombudsman) Pakistan (BMP) has taken action against a bank for block credit card of a retired person but charged annual renewal fee.
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KARACHI: Faysal Bank has entered into an agreement to finance its customers in buying grocery in installment at zero mark-up.
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KARACHI: Bearer prize bonds worth Rs6.27 billion are still unclaimed despite the government has granted a last opportunity to investors to document the same.
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