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, May 13, 2025 – The Pakistani rupee weakened slightly against the US dollar on Tuesday, closing at PKR 281.67 in the interbank foreign exchange market. This marks a modest decline of 10 paisas compared to Monday’s closing rate of PKR 281.57.
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Karachi, May 13, 2025 – A group of foreign investors operating in Pakistan has urged the government to demonetize the Rs5,000 currency note as part of a broader push to discourage cash-based transactions and accelerate the country’s shift toward a digital economy.
(more…)Karachi, May 12, 2025 – The Pakistani rupee closed stronger against the US dollar on Monday in the interbank foreign exchange market, buoyed by improved investor sentiment following a regional ceasefire and the approval of funding from the International Monetary Fund (IMF).
(more…)Karachi, May 12, 2025 – The Pakistani rupee posted a notable recovery on Monday morning, appreciating by 31 paisas against the US dollar in the interbank market.
(more…)Karachi, May 11, 2025 – The Pakistani rupee is projected to remain stable in the coming week, beginning May 12, following the International Monetary Fund’s (IMF) approval of a fresh loan tranche exceeding $1 billion.
(more…)Karachi, May 9, 2025 – The Pakistani rupee continued its downward trajectory against the US dollar on Friday, driven by escalating geopolitical tensions between Pakistan and India, as well as weak inflows from remittances and exports.
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Karachi, May 9, 2025 – Pakistan experienced a significant 21% month-on-month (MoM) drop in workers’ remittances in April 2025, according to fresh data released by the State Bank of Pakistan (SBP) on Friday.
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KARACHI, May 8, 2025 – Amid escalating tensions between Pakistan and India, the Exchange Companies Association of Pakistan (ECAP) has assured the government and public of sufficient availability of dollars to maintain financial stability and market confidence.
(more…)Karachi, May 8, 2025 — The Pakistani rupee weakened slightly against the US dollar on Thursday, closing at PKR 281.52 per dollar, compared to the previous day’s closing rate of PKR 281.47 in the interbank foreign exchange market.
(more…)Karachi, May 8, 2025 – The State Bank of Pakistan (SBP) has officially invited applications from eligible financial institutions for selection as primary dealers for the fiscal year 2025–26. The announcement, made on Thursday, aims to appoint qualified institutions to facilitate government securities transactions under its Primary Dealer System.
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