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.
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Monday warned the general public against illegal non-banking financial companies (NBFCs).
(more…)
KARACHI: Inflows of foreign remittances into Pakistan have declined by 11 per cent during first seven months (July – January) of fiscal year 2022-2023, the central bank said on Monday.
(more…)
KARACHI: Pakistani Rupee (PKR) weakened by 16 paisas against the dollar to end at PKR 269.44 on Monday due to massive decline in foreign exchange reserves.
(more…)KARACHI: Pakistani Rupee (PKR) made recovery of PKR 1.23 against the dollar on Friday amid massive fall in foreign exchange reserves.
(more…)
KARACHI: The Banking Mohtasib (Ombudsman) Pakistan, Muhammad Kamran Shehzad on Thursday said his institution has provided relief of about one billion rupees (Rs 974.36 million) to the banking customers by disposing of 27,658 complaints against commercial banks during the calendar year 2022.
(more…)KARACHI: Pakistani Rupee (PKR) on Thursday recovered PKR 2.82 to reach PKR 270.51 against the dollar in the interbank foreign exchange market.
(more…)KARACHI: Pakistani Rupee (PKR) made sharp recovery of PKR 2.95 to the dollar on Wednesday and ended at PKR 273.33 at interbank closing.
(more…)
MCB Bank Limited on Wednesday announced 10 per cent growth in net annual profit to Rs34.45 billion for the year ended December 31, 2022 as compared with Rs31.33 billion in the preceding year.
(more…)KARACHI: Pakistani Rupee (PKR) on Tuesday ended near to historic low as dollar jumped to PKR 276.28 in the interbank foreign exchange market.
(more…)
State Bank of Pakistan (SBP) on Tuesday announced six weeks Summer Internship Program (SIP) in June and July 2023.
(more…)