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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Rupee makes gain against dollar in interbank
KARACHI: The Pak Rupee (PKR) gained 14 paisas against the dollar on Tuesday. The inflows of workers’ remittances helped the rupee to make gain. The rupee closed at Rs163.76 to the dollar in the interbank foreign exchange market. The local unit ended at Rs163.90 to the dollar a day earlier. Currency experts said that the…
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Banks disburse Rs1366 billion as agri loan in 2020-2021
KARACHI: The banks have disbursed an amount of Rs1.36 trillion as credit to agriculture sector during fiscal year 2020-2021, State Bank of Pakistan (SBP) said on Monday. The central bank said that credit disbursement to agriculture sector had witnessed a growth of 12 per cent over the preceding fiscal year, despite the ongoing challenges posed…
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Rupee falls by 45 paisas against dollar in interbank
KARACHI: The Pak Rupee (PKR) fell by 45 paisas against dollar on Monday due to higher demand for import payment. The rupee ended at Rs163.90 to the dollar from last Friday’s closing of Rs163.45 in the interbank foreign exchange market. Currency experts said that the market opened after two weekly holidays, which put pressure on…
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SBP issues customers exchange rates for August 09
KARACHI: The State Bank of Pakistan (SBP) on Monday issued customers’ exchange rates. The exchange rate is on the basis of weighted average rates of commercial banks. The SBP said the data compiled and disseminated for information only. These exchange rates are estimates that quoted by various commercial banks to their clients. The banks provide…
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UBL declares Rs7.6 billion profit for second quarter
KARACHI: United Bank Limited (UBL) on Monday announced financial results for second quarter ended June 30, 2021 and announced Rs7.6 billion for the period. UBL announced its 2QCY21 result today and posted a profit after tax of PKR 7.6 billion for 2QCY21 translating to an EPS of PKR 6.2, up by 25 per cent YoY.…
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Pak Rupee to Saudi Riyal on August 9, 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 9, 2021: Buying: Rs 44.50 to the Saudi Riyal Selling: Rs 45.00 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 UAE Dirham on August 9, 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 9, 2021: Buying: Rs 43.50 to the UAE Dirham Selling: Rs 44.00 to the UAE Dirham We update rates hourly so we can offer you the best AED to PKR. The…
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Pak Rupee to Euro on August 9, 2021
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 9, 2021: Buying: Rs 192.50 to the Euro Selling: Rs 194.50 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 9, 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 9, 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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Pak Rupee to US Dollar on August 9, 2021
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 9, 2021: Buying: Rs 163.80 to the Dollar Selling: Rs 164.80 to the Dollar We update rates hourly so we can offer you the best USD to PKR. The US Dollar…
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