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 Sunday clarified reports that the country incurred huge foreign exchange losses due to capping the price of dollar.
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KARACHI: The troubled economy of the country resulted in Pakistani Rupee (PKR) to weaken by 48 per cent against the UAE Dirham (AED) during last one year, according to data released by the State Bank of Pakistan (SBP).
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KARACHI: Pakistani Rupee (PKR) has recorded a massive decline of 24 per cent against Indian Rupee (INR) during first seven months (July – January) of fiscal year 2022-2023, according to data released by the State Bank of Pakistan (SBP).
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Faysal Bank and Mercantile Pakistan have signed a deal for providing interest-free Apple products under Buy Now Pay Later (BNPL).
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KARACHI: Pakistani Rupee (PKR) crashed against the dollar for second straight day on Friday to make new low at PKR 262.60 at closing interbank foreign exchange market.
(more…)KARACHI: US Dollar continued its flying against the Pakistani Rupee (PKR) on Friday morning and hit PKR 262 to make new intraday historic high in interbank foreign exchange market.
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LAHORE: MCB Bank Limited, one of Pakistan’s leading banks, has entered into a strategic partnership with Telenor Pakistan, a leading telecommunication services provider, to facilitate its digital banking customers
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ISLAMABAD: Federal Board of Revenue (FBR) has drafted rules to share information of asset declarations of civil servants with commercial banks.
(more…)KARACHI: Pakistani Rupee (PKR) plunged to historical low against the dollar on Thursday as the exchange rate ended PKR 255.43 in the interbank foreign exchange market.
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KARACHI: The US dollar is trading in free market and made record gain of Rs9.11 to trade at PKR 240 in intraday interbank foreign exchange market on Thursday.
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