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: The Pakistani Rupee (PKR) outperformed the dollar on Friday and reached PKR 259.99 in interbank foreign exchange market.
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The executive board of the International Monetary Fund (IMF) agreed on the need to develop and apply comprehensive regulations, including prudential and conduct regulation to crypto assets.
(more…)KARACHI: Pakistani Rupee (PKR) ended at PKR 260.93 to the dollar on Thursday in interbank foreign exchange market.
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KARACHI: Faysal Bank Limited on Thursday declared Rs11.44 billion annual after tax profit for calendar year ended December 31, 2022.
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KARACHI: State Bank of Pakistan (SBP) on Wednesday sold Market Treasury Bills (MTBs) at about 20 per cent cut-off yield hinting massive increase in benchmark policy rate.
(more…)KARACHI: Pakistani Rupee (PKR) made recovery of 61 paisas to end at PKR 261.90 to the dollar on Wednesday in interbank foreign exchange market.
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KARACHI: United Bank Limited (UBL) on Wednesday declared Rs32.06 billion as profit after tax for the year ended December 31, 2022.
(more…)KARACHI: Pakistani Rupee (PKR) slipped by 63 paisas against the dollar on Tuesday owing to rising demand for import and corporate payments.
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KARACHI: MCB Bank is expecting up to 200 basis points increase in benchmark interest rates in near terms, according to conference call held on February 20, 2023.
(more…)KARACHI: Pakistani Rupee (PKR) appreciated against the dollar on Monday in interbank foreign exchange market.
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