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.
Category: Money & Banking
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Pak Rupee to UK Pound on August 28, 2021
KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on August 28, 2021: Buying: Rs 226 to the UK Pound Sterling Selling: Rs 229 to the UK Pound Sterling We update rates hourly so we can offer you the best GBP…
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KIBOR rates on August 27, 2021
KARACHI: State Bank of Pakistan (SBP) on Friday issued following Karachi Interbank Offered Rates (KIBOR) on August 27, 2021. Tenor BID OFFER 1 – Week 6.89 7.39 2 – Week 6.94 7.44 1 – Month 7.00 7.50 3 – Month 7.13 7.38 6 – Month 7.29 7.54 9 – Month 7.42 7.92 1 – Year…
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PM launches house financing scheme for NRPs
KARACHI: State Bank of Pakistan (SBP) on Friday said that Prime Minister Imran has launched a new housing scheme to facilitate Non-Resident Pakistanis (NRPs) in buying houses for themselves and their families. The central bank in a statement said that the prime minister praised the efforts and hard work of the SBP and government agencies…
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Rupee gains 19 paisas against dollar on inflows
KARACHI: The Pak Rupee (PKR) gained 19 paisas against the dollar on Friday owing to inflows of export receipts and workers’ remittances. The PKR ended at Rs165.62 to the dollar as compared with the previous day’s closing of Rs165.82 in the interbank foreign exchange market. Currency experts said that the market witnessed sufficient supply of…
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Pak Rupee to Saudi Riyal on August 27, 2021
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 27, 2021: Buying: Rs 44.20 to the Saudi Riyal Selling: Rs 44.70 to the Saudi Riyal We update rates hourly so we can offer you the best SAR to PKR. The…
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Pak Rupee to Euro on August 27, 2021
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 27, 2021: Buying: Rs 194 to the Euro Selling: Rs 196 to the Euro We update rates hourly so we can offer you the best EUR to PKR. The Euro /PKR parity…
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Pak Rupee to UK Pound on August 27, 2021
KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on August 27, 2021: Buying: Rs 227 to the UK Pound Sterling Selling: Rs 230 to the UK Pound Sterling We update rates hourly so we can offer you the best GBP…
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NBP announces Rs17.04 billion as half year profit
KARACHI: National Bank of Pakistan (NBP) on Thursday announced Rs17.047 billion as net profit for half year ended June 30, 2021. The profit is 12.77 per cent higher when compared with Rs15.11 billion in the corresponding half of last year. However, there was no dividend announced. Net Interest Income (NII) of the bank settled at Rs…
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Rupee makes 47 paisas recovery against dollar
KARACHI: In a positive turn of events, the Pakistani Rupee (PKR) demonstrated resilience on Thursday, recovering 47 paisas against the US Dollar.
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KIBOR rates on August 26, 2021
KARACHI: State Bank of Pakistan (SBP) on Thursday issued following Karachi Interbank Offered Rates (KIBOR) on August 26, 2021. Tenor BID OFFER 1 – Week 6.86 7.36 2 – Week 6.93 7.43 1 – Month 7.00 7.50 3 – Month 7.14 7.39 6 – Month 7.29 7.54 9 – Month 7.43 7.93 1 – Year…
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