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) may increase the benchmark interest rate by 100 basis points to 17 per cent in upcoming policy announcement, analysts said on Monday.
(more…)
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.
(more…)KARACHI: Pakistani Rupee (PKR) has declined to 228.14 against the dollar on Thursday in interbank foreign exchange market.
(more…)
ISLAMABAD: Finance Minister Ishaq Dar Wednesday said that the government was not considering to access foreign currency accounts of depositors because these are property of the citizens.
(more…)KARACHI: On Wednesday, the US dollar strengthened against the Pakistani rupee, reaching PKR 227.93 in the interbank foreign exchange market.
(more…)
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has directed digital lending companies retain one master app on Google Play and other platforms and shutdown other apps.
(more…)