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 list of banks operating in Pakistan
KARACHI: The State Bank of Pakistan (SBP) has issued a list of banks operating in the country. The list contained all the banks including public sector banks, local private banks, foreign banks and specialized banks. The central bank said that by end of December 31, 2020 the total number of banks were 32 in Pakistan…
Written by
-
KIBOR rates on July 14, 2021
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued following Karachi Interbank Offered Rates (KIBOR) on July 14, 2021.
Written by
-
Rupee gains 38 paisas against dollar
KARACHI: The Pak Rupee made a gain of 38 paisas against the dollar on Wednesday due to inflows of payment of international bonds floated by the government. The rupee ended at Rs159.13 to the dollar from previous day’s closing of Rs159.51 in the interbank foreign exchange market. During the day the SBP announced to receive…
Written by
-
SBP issues exchange rates for July 14, 2021
KARACHI, July 29, 2024 – The State Bank of Pakistan (SBP) announced on Wednesday the release of customers’ exchange rates based on the weighted average rates of commercial banks. These rates provide valuable insight into the exchange rates offered by various commercial banks to their clients.
Written by
-
Exchange rate: buying, selling of Saudi Riyal in rupee on July 14
KARACHI – The exchange rates for buying and selling one Saudi Riyal (SAR) against the Pakistani Rupee (PKR) in the open market on July 14, 2021, are as follows:
Written by
-
Exchange rate: buying, selling of UK Pound in rupee on July 14
KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in open market on July 14, 2021: Buying: Rs 217 to the UK Pound Sterling Selling: Rs 220 to the UK Pound Sterling Today’s GBP to PKR (UK Pound Sterling Price in Pakistan Rupee 2021) exchange…
Written by
-
Exchange rate: buying, selling of US Dollar in rupee on July 14
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in open market on July 14, 2021: Buying: Rs 159.20 to the dollar Selling: Rs 159.90 to the dollar Today’s USD to PKR (Dollar Price in Pakistan Rupee 2021) exchange rate has been given here. All rates…
Written by
-
KIBOR rates on July 13, 2021
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued following Karachi Interbank Offered Rates (KIBOR) on July 13, 2021. Tenor BID OFFER 1 – Week 6.91 7.41 2 – Week 6.96 7.46 1 – Month 7.01 7.51 3 – Month 7.19 7.44 6 – Month 7.40 7.65 9 – Month 7.50 8.00 1 – Year…
Written by
-
Banking Ombudsman provides Rs305.5 million monetary relief to customers
KARACHI: The Banking Mohtasib (Ombudsman) Pakistan has provided monetary relief amounting to Rs 305.5 million to the banking customers by disposing of 14,910 complaints during the first half (January to June) of the current calendar year, 2021, according to a press release issued on Tuesday. About 99 per cent (14,755) complaints were resolved amicably while…
Written by
-
Rupee weakens by 15 paisas against dollar
KARACHI: The Pak Rupee depreciated by 15 paisas against the dollar on Tuesday owing to higher demand for import payment. The rupee ended at Rs159.51 to the dollar from the previous day’s closing of Rs159.36 in the interbank foreign exchange market. Currency experts said that the rupee remained under pressure due to higher demand for…
Written by