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: Federal Board of Revenue (FBR) has drafted rules to share information of asset declarations of civil servants with commercial banks.
(more…)
KARACHI: Pakistani Rupee (PKR) plunged to historical low against the dollar on Thursday as the exchange rate ended PKR 255.43 in the interbank foreign exchange market.
(more…)
KARACHI: The US dollar is trading in free market and made record gain of Rs9.11 to trade at PKR 240 in intraday interbank foreign exchange market on Thursday.
(more…)KARACHI: Pakistani Rupee (PKR) Thursday fell sharply against the dollar to trade at PKR 235.20 in intraday trading at interbank foreign exchange market.
(more…)
KARACHI: State Bank of Pakistan (SBP) has amended Quality Control Review (QCR) criteria of accountancy firm regarding certification of remittance verification.
(more…)KARACHI: The free-fall in the value of Pakistani Rupee (PKR) against the dollar continued on Wednesday as the foreign currency appreciated to PKR 230.89 in foreign exchange market.
(more…)
KARACHI: Foreign exchange companies on Tuesday decided to remove cap on exchange rate, which was meant to control the dollar rate in open market.
(more…)KARACHI: The Pakistani Rupee (PKR) continued its falling journey against the dollar on Tuesday and fell to PKR 230.40 in interbank foreign exchange market.
(more…)
KARACHI: State Bank of Pakistan (SBP) has suspended outlets of many exchange companies for refusing sale of foreign currencies.
(more…)KARACHI: State Bank of Pakistan (SBP) on Monday raised benchmark policy rate by 100 points to 17 per cent to check inflationary pressure.
(more…)