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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New initiatives to facilitate digital financial products
New initiatives to facilitate digital financial products have been unveiled by the State Bank of Pakistan (SBP) to boost digitalization.
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Rupee makes 42 paisas gain against dollar
KARACHI: The Pak Rupee (PKR) made a gain of 42 paisas against the dollar on Wednesday after witnessing deterioration in first two days of the week. The rupee ended Rs163.47 to the dollar from previous day’s closing of Rs163.89 in the interbank foreign exchange market. The local currency lost Rs1.46 against the dollar during first…
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KIBOR rates for August 04, 2021
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued following Karachi Interbank Offered Rates (KIBOR) on August 04, 2021. Tenor BID OFFER 1 – Week 6.93 7.43 2 – Week 6.95 7.45 1 – Month 7.00 7.50 3 – Month 7.14 7.39 6 – Month 7.35 7.60 9 – Month 7.44 7.94 1 – Year…
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SBP issues customers exchange rates for August 04
KARACHI: The State Bank of Pakistan (SBP) on Wednesday 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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Pak Rupee to Saudi Riyal on August 4, 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 4, 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…
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Pak Rupee to UAE Dirham on August 4, 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 4, 2021: Buying: Rs 44.00 to the UAE Dirham Selling: Rs 44.50 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 4, 2021
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 4, 2021: Buying: Rs 190 to the Euro Selling: Rs 192 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 4, 2021
In the bustling financial hub of Karachi, the latest currency exchange rates for the British Pound Sterling (GBP) to Pakistani Rupee (PKR) have been announced. As of August 4, 2021, individuals and businesses engaged in currency transactions can take note of the following buying and selling rates for one UK Pound Sterling:
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Pak Rupee to US Dollar on August 4, 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 4, 2021: Buying: Rs 163.70 to the Dollar Selling: Rs 164.70 to the Dollar We update rates hourly so we can offer you the best USD to PKR. The US Dollar…
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KIBOR rates for August 03, 2021
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued following Karachi Interbank Offered Rates (KIBOR) on August 03, 2021. Tenor BID OFFER 1 – Week 6.92 7.42 2 – Week 6.95 7.45 1 – Month 7.01 7.51 3 – Month 7.13 7.38 6 – Month 7.35 7.60 9 – Month 7.44 7.94 1 – Year…
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