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: Pakistani Rupee (PKR) crashed for the first time below PKR 275 against the dollar during intraday trading at interbank foreign exchange market on Friday.
(more…)KARACHI: Pakistani Rupee (PKR) fell to new all-time low against the dollar on Thursday and ended at PKR 271.36 in the interbank foreign exchange market.
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KARACHI: Bank Alfalah Limited (BAFL) on Thursday announced 27 per cent jump in annual profit for the period ended December 31, 2022 owing to massive rise in foreign exchange income.
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KARACHI: The State Bank of Pakistan (SBP) on Thursday announced a bank holiday on the occasion of Kashmir Day on February 05, 2023.
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ISLAMABAD: Withdrawal of tax on banking transactions has caused a loss of over Rs31 billion to the Federal Board of Revenue (FBR).
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ISLAMABAD: Federal Board of Revenue (FBR) has been empowered to share information of civil servants with commercial banks in Pakistan.
(more…)KARACHI: Pakistani Rupee (PKR) fell again to the US dollar on Wednesday after taking a pause of free-fall yesterday.
(more…)KARACHI: Pakistani Rupee (PKR) recovered against the dollar on Tuesday after witnessed massive fall during previous three sessions.
(more…)KARACHI: Adjustment in exchange rate continued on Monday as the Pakistani Rupee (PKR) made new historic low against the US dollar.
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KARACHI: The US dollar continued to make upward journey against Pakistani rupee (PKR) on Monday and reached to a new peak of PKR 269.50 during midday interbank trading.
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