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.
The Pakistani rupee (PKR) saw a recovery of PKR 1.81 to end at PKR 286.62 against the dollar on Wednesday after falling to a historic low a day earlier.
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State Bank of Pakistan (SBP) on April 11, 2023 revised the instructions regarding retention period of export proceeds with authorized dealers upon realization.
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Pakistan Microfinance Investment Company (PMIC) and Qarar Consultancy have announced a partnership to develop a credit scoring model for the microfinance sector in Pakistan.
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Foreign investors have suggested the authorities in Pakistan to demonetize Rs5,000 banknote in order to promote cashless economy.
(more…)KARACHI: Pakistani Rupee (PKR) on Tuesday plunged to a historic low of Rs288.43 against the US dollar amidst volatile conditions.
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KARACHI: During midday trading on April 11, 2023, the US dollar rose to PKR 287.75, resulting in a decline of 66 paisas for the local currency.
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Google has introduced additional requirements for digital lending apps in Pakistan, according to an article published on April 11, 2023.
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According to official data, investment in registered prize bonds in Pakistan has declined to Rs 56.84 billion by the end of February 2023, compared with Rs 56.90 billion a year ago.
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Bank Alfalah, one of Pakistan’s leading commercial banks, has announced a partnership with ChildLife Foundation to provide much-needed medical treatment to children affected by the recent floods in Pakistan, according to a statement issued Monday.
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