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
-
SBP issues customers exchange rates on August 26
KARACHI, August 26, 2021: The State Bank of Pakistan (SBP) has released the most recent exchange rates for customers on Thursday, August 26, 2021.
Written by
-
Dollar retreats in midday interbank trading
In midday trading on Thursday, the US dollar exhibited a decline against the Pakistani Rupee (PKR), marking a shift from its earlier gains in the day.
Written by
-
Dollar climbs up to Rs166.40 in early trade
KARACHI: The US Dollar further make gain of 12 paisas during early trade at interbank foreign exchange market on Thursday. The dollar was traded at Rs166.40 in early day trading. The previous day’s closing was Rs166.28 to the dollar in interbank foreign exchange market. The Pak Rupee (PKR) sharply fell by Rs1.08 to the dollar…
Written by
-
Pak Rupee to Saudi Riyal on August 26, 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 26, 2021: Buying: Rs 44.00 to the Saudi Riyal Selling: Rs 44.50 to the Saudi Riyal We update rates hourly so we can offer you the best SAR to PKR. The…
Written by
-
Pak Rupee to UAE Dirham on August 26, 2021
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 26, 2021: Buying: Rs 45.00 to the UAE Dirham Selling: Rs 45.50 to the UAE Dirham We update rates hourly so we can offer you the best AED to PKR. The…
Written by
-
Pak Rupee to Euro on August 26, 2021
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 26, 2021:
Written by
-
Pak Rupee to UK Pound on August 26, 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 26, 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…
Written by
-
State Bank launches house acquisition scheme for NRPs
KARACHI: The State Bank of Pakistan (SBP) on Wednesday said it is launching new housing scheme for Non-Resident Pakistanis (NRPs). The central bank said that it will launch Roshan Apna Ghar this week for non-resident Pakistanis for acquisition of property in Pakistan. Non-resident Pakistanis can now purchase or obtain financing for a house in Pakistan…
Written by
-
Bank Alfalah announces 21% growth in half year profit
KARACHI: Bank Alfalah Limited on Wednesday announced 21 per cent growth in earnings for the half year ended June 30, 2021. The net profit of the bank was at Rs7.02 billion for the first half as compared with net profit of Rs5.78 billion in the same half of the last year. The bank declared Rs3.94…
Written by
-
SBP issues instructions on third party sales
KARACHI: The State Bank of Pakistan (SBP) on Wednesday issued revised instructions on sale of third party products in order to bring transparency. In addition to the typical banking products or services, banks often offer or sell other financial products that are provided by other financial institutions, generally referred to as bancassurance or third party…
Written by