Rupee depreciates by 27 paisas against dollar

KARACHI: The rupee depreciated by 27 paisas against dollar on Thursday owing to reports of tough conditions under new IMF loan program. Read more »

SBP sells T-Bills worth Rs560bn at 11.249pc cut-off yield

KARACHI: State Bank of Pakistan (SBP) has sold treasury bills amounting Rs560 billion at cut-off yield at 11.2491 percent, much above the key policy rate of 10.75 percent. Read more »

Meezan Bank signs payment services pact with PSL

KARACHI: Meezan Bank, leading Islamic bank in Pakistan, has recently joined hands with Port Services Limited (PSL), Sialkot as their exclusive partner for payments & cash management services, a statement said on... Read more »

Rupee makes significant gains against dollar

KARACHI: The rupee made significant gain of 17 paisas against dollar on Wednesday after sufficient inflows of remittances and export receipts. Read more »

Rupee makes gain against dollar on inflows

KARACHI: The rupee gained against dollar on Monday after sufficient inflows were available in the market. The rupee gained three paisas to end at Rs141.29 against dollar from last Friday closing of... Read more »

Reza Baqir assumes charge as SBP governor

KARACHI: Dr. Reza Baqir assumed the charge of Governor State Bank of Pakistan (SBP) on Sunday after President of Pakistan appointed him as Governor State Bank of Pakistan for a period of... Read more »

Rupee gains 20 paisas in open market on monitoring to prevent money laundering

KARACHI: The Pak Rupee gained 20 paisas against dollar on Saturday amid improved inflows in the open market and tight monitoring of law enforcement agency to prevent money laundering. Read more »

Meezan Bank, CDC sign agreement to launch share custody services

KARACHI: Meezan Bank – Pakistan’s leading Islamic bank, and Central Depository Company (CDC) signed an agreement to launch shares custody services, a statement said on Friday. Read more »

Banking timings during Ramazan-ul-Mubarak announced

KARACHI: State Bank of Pakistan (SBP) on Friday announced banking timings during holy month of Ramazan-ul-Mubarak. Read more »

Banks to remain close on 1st Ramazan

KARACHI: State Bank of Pakistan (SBP) on Friday said that it will remain closed for public dealing on 1st Ramadan-ul-Mubarak 1440 A.H., which will be observed as Bank Holiday for deduction of... Read more »

Rupee weakens on scheduled bank holiday

KARACHI: The Pak Rupee fell by three paisas against dollar on Friday due to high demand for advance import payments and expected closure of banks on next Monday for deduction of Zakat. Read more »

Nisab of Zakat fixed at Rs44,415 for deduction from bank accounts

KARACHI: The government has set ‘Nisab of Zakat’ at Rs44,415 for Zakat Year 1439-40 AH for deduction from bank accounts, said a statement issued by State Bank of Pakistan (SBP) on Friday. Read more »