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.
Karachi, February 13, 2025 — The Pakistani rupee maintained its stability against the US dollar in the interbank market on Thursday, reflecting a balanced interplay of demand and supply in the foreign exchange market.
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Karachi, February 13, 2025 – Meezan Bank Limited has reported an impressive 20% increase in its annual profit after tax for the fiscal year ending December 31, 2024.
(more…)Karachi, February 12, 2025 – The Pakistani rupee experienced a slight depreciation against the US dollar on Wednesday due to increased foreign payment obligations.
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Karachi, February 12, 2025 – The State Bank of Pakistan (SBP) has officially announced an auction for the buyback of government securities. This initiative is part of SBP’s ongoing efforts to manage market liquidity and optimize the financial system.
(more…)Karachi, February 11, 2025 – The Pakistani rupee made a modest recovery on Tuesday, appreciating by five paisas against the US dollar, supported by strong inflows of workers’ remittances.
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Karachi, February 10, 2025 – The State Bank of Pakistan (SBP) reported on Monday that workers’ remittances have witnessed a significant surge of approximately 32% during the first seven months (July–January) of the fiscal year 2024-25, highlighting a robust inflow of foreign currency into the country.
(more…)Karachi, February 10, 2025 – The Pakistani rupee depreciated by 17 paisas against the US dollar on Monday, driven by increased foreign outflows related to import and corporate payment obligations.
(more…)KARACHI: The rupee is likely to stay range-bound in the coming week as importers’ demand for dollars competes with inflows from exporters and remittances, traders said on Saturday.
(more…)Karachi, February 7, 2025 – The Pakistani Rupee regained 10 paisas against the US dollar on Friday, benefiting from an increase in foreign exchange reserves and positive economic indicators.
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Lahore, February 6, 2025 – MCB Bank Limited has announced strong financial results for the year ended December 31, 2024, reflecting another year of robust growth and solid performance.
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