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 dollar continued to make gains against the Pakistani Rupee (PKR) on Tuesday and reached PKR 228.66 in the interbank foreign exchange market.
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SINGAPORE: A Singapore-based consortium led by fintech firm Atlas Consolidated has taken major step towards digital banking license in Pakistan, which aimed to boost financial inclusion and products in the country through healthy financial habits.
(more…)KARACHI: Pakistani Rupee (PKR) fell by 19 paisas against the dollar on Monday due to sharp decline in foreign exchange reserves and mounting dollar demand for import payments.
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KARACHI: State Bank of Pakistan (SBP) on Monday said redemption date for bearer prize bonds has been extended up to June 30, 2022.
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KARACHI: State Bank of Pakistan (SBP) may increase the benchmark interest rate by 100 basis points to 17 per cent in upcoming policy announcement, analysts said on Monday.
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KARACHI: State Bank of Pakistan (SBP) has enhanced scope of funds utilization in the foreign currency accounts in order to facilitate exporters.
(more…)KARACHI: The inflow of workers remittances declined by 11 per cent in first half (July – December) of fiscal year 2022-2023, according to data released by State Bank of Pakistan (SBP) on Friday.
(more…)KARACHI: Pakistan on Friday issued license to five full-fledged digital banks to operate in the country. The licenses have been issued under new regulatory environment.
(more…)KARACHI: Pakistani Rupee (PKR) ended firmer against the dollar on Friday despite sharp decline in foreign exchange reserves of the country.
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