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.
State Bank of Pakistan (SBP) on Tuesday issued floor and ceiling rates under the interest rate corridor after the announcement of monetary policy.
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During its meeting on Tuesday, the Monetary Policy Committee (MPC) announced to raise the benchmark policy rate by 100 basis points to 21 percent.
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On Tuesday, the Pakistani Rupee (PKR) hit a historic low of PKR 287.29 to the US dollar in the interbank foreign exchange market.
(more…)In mid-day interbank trading, the Pakistani Rupee (PKR) on Tuesday experienced an all-time low against the US Dollar. The local currency closed at PKR 288 against dollar.
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The value of Dogecoin surged against Pakistani Rupee (PKR) following the change in Twitter’s logo from the bird’s symbol to Doge symbol.
(more…)The Pakistani Rupee (PKR) plunged by PKR 1.25 to end near all-time low against the dollar on Monday in interbank foreign exchange market.
(more…)The State Bank of Pakistan (SBP) is set to issue a monetary policy statement on April 4, 2023.
(more…)The State Bank of Pakistan (SBP) has imposed a mark on lien for exporters who fail to realize export money within the prescribed time frame.
(more…)Due to a fall in foreign exchange reserves, the Pakistani Rupee (PKR) slipped by 13 paisas against the dollar and closed at PKR 283.79 in the interbank foreign exchange market, compared to the previous day’s closing of PKR 283.66.
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KARACHI: Meezan Bank, Pakistan’s leading Islamic bank, has announced that it has received over US $1.5 billion in deposit inflows under the Roshan Digital Account (RDA) initiative.
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