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: Pakistani traders misusing Afghan Transit Trade by importing about $2 billion worth import monthly, claimed by Malik Mohammad Bostan, Chairman Exchange Companies and Forex Association of Pakistan at a press conference on Monday.
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KARACHI: The State Bank of Pakistan (SBP) has approved the launch of Pakistan’s first agri-fintech app Digitt+ powered by Akhtar Fuiou Technology (AFT).
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KARACHI: Bankers have been directed to sit late on the last two days of year 2022 in order to facilitate taxpayers in payment of duty and taxes.
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KARACHI: Pakistani Rupee (PKR) has depreciated by 18 paisas against the dollar on Monday to end at PKR 225.82 in the interbank foreign exchange market.
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KARACHI: The State Bank of Pakistan (SBP) has again reminded the general public of demonetizing old designed banknotes will not be legal tender after December 3, 2022.
(more…)KARACHI: Banks will remain closed on December 25, 2022 on the occasion of Quaid-e-Azam Day and Christmas.
In a statement issued on Friday, the State Bank of Pakistan (SBP) said that it will remain closed on December 25, 2022 (Sunday) being public holiday on the occasions of Quaid-e-Azam Day and Christmas, as declared by the Government of Pakistan.
KARACHI: Pakistani Rupee (PKR) deteriorated against the dollar on Friday due to decline in country’s foreign exchange reserves continued.
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KARACHI: State Bank of Pakistan (SBP) on Thursday designated three banks as Domestic Systemically Important Banks (D-SIBs) for the year 2022.
(more…)KARACHI: The Pakistani Rupee (PKR) ended stable against the US dollar on Thursday amid higher foreign currency demand for import and corporate payments.
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