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: Inflows of workers’ remittances recorded a decline of 11 per cent in eight months (July – February) of fiscal year 2022-2023, according to data released by the State Bank of Pakistan (SBP) on Friday.
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KARACHI: Pakistani Rupee (PKR) strengthened to PKR 280.77 against the dollar on Friday on hopes that the country will soon enter into loan program under International Monetary Fund (IMF).
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KARACHI: National Bank of Pakistan (NBP) has said that its New York branch continued to make progress against the enforcement actions for ensuring compliance related to Anti-Money Laundering (AML) laws.
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Federal Tax Ombudsman (FTO) has recommended tax authorities to launch probe under Anti-Benami law against Summit Bank while disposing of a case lodged by a top official of Omni Group.
(more…)KARACHI: Pakistani Rupee (PKR) recorded a big fall against the dollar on Thursday and ended at PKR 282.30 in the interbank foreign exchange market.
(more…)KARACHI: Pakistani Rupee (PKR) plummeted to PKR 282 against the dollar on Thursday during intraday trading in interbank foreign exchange market.
(more…)KARACHI: US Dollar on Wednesday jumped against the Pakistan Rupee (PKR) to reach PKR 279.12 in interbank foreign exchange market.
(more…)KARACHI: Pakistani Rupee (PKR) showed resilience against the dollar to end at PKR 277.87 on Monday amid high import payment demand.
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KARACHI: Pakistan Islamic banks are stick to Karachi Interbank Offered Rate (KIBOR) – an interest based benchmark.
(more…)KARACHI: Pakistani Rupee (PKR) on Monday inched up against US Dollar to end at Rs277.92 after the highly uncertain and stable week (February 27 – March 03). The Rupee hit a historic low of PKR 285.09 on March 02.
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