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: Financial system of Pakistan is capable of implementing Riba-free banking as per the injunctions of Islam.
(more…)
KARACHI: Pakistani Rupee (PKR) witnessed a decline of 24 paisas against the dollar on Thursday to end at PKR 229.15 in the interbank foreign exchange market.
(more…)
KARACHI: Facing acute shortage of US dollar, the State Bank of Pakistan (SBP) is striving to clear 11,000 import payment pending cases, said SBP governor Jameel Ahmad on Wednesday.
(more…)
KARACHI: Meezan Bank, Pakistan’s leading Islamic bank, has launched ‘Employee Satisfaction Survey (ESS)’ countrywide at a ceremony held at the Bank’s Head Office, Karachi.
(more…)KARACHI: Pakistani Rupee (PKR) witnessed a decline of 25 paisas against the dollar on Wednesday due to easing inflows under remittances and export receipts.
(more…)
KARACHI: HABIBMETRO Sirat – The Islamic banking brand of HABIBMETRO Bank, organized the first HABIBMETRO Sirat Islamic banking.
(more…)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.
(more…)
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.
(more…)