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 4, 2025 – The Pakistani rupee appreciated by 8 paisas against the US dollar in the interbank foreign exchange market on Tuesday.
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Karachi, February 4, 2025 – The State Bank of Pakistan (SBP) has officially announced a bank holiday on Wednesday, February 5, 2025, in observance of Kashmir Day.
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Karachi, February 3, 2025 – The State Bank of Pakistan (SBP) has introduced significant updates to the Prime Minister’s Youth Business and Agriculture Loan Scheme to enable students from Higher Education Commission (HEC) recognized institutions to acquire laptops through financing.
(more…)Karachi, February 3, 2025 – The Pakistani rupee continued its downward trend in the interbank foreign exchange market, depreciating to PKR 279.04 against the US dollar on Monday.
(more…)The Pakistani rupee is expected to remain range-bound against the US dollar in the coming week as the country faces ongoing challenges in securing foreign inflows.
(more…)Karachi, January 31, 2025 – Jameel Ahmad, Governor of the State Bank of Pakistan (SBP), has called on banks to increase their rural presence by opening more branches dedicated to agricultural financing, as part of efforts to boost the agriculture sector in the country. His directive comes as part of the broader goals set by the SBP to address the challenges faced by Pakistan’s agriculture industry and ensure its long-term growth.
(more…)Karachi, January 31, 2025 – The Pakistani rupee posted a marginal gain of 2 paisas against the US dollar on Friday, despite persistent demand for foreign payments in the interbank market.
(more…)Karachi, January 30, 2025 – The Pakistani rupee weakened by 10 paisas against the US dollar on Thursday, impacted by foreign outflows driven by import and corporate payments.
(more…)Karachi, January 29, 2025 – The Pakistani rupee managed to recover 6 paisas against the US dollar on Wednesday, ending at PKR 278.87 in the interbank foreign exchange market, after experiencing a decline for three consecutive sessions. The previous day’s closing stood at PKR 278.93, marking a modest recovery.
(more…)Karachi, January 29, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has called upon the State Bank of Pakistan (SBP) to take a bolder and more proactive approach in reducing the policy rate, emphasizing the need for decisive action to stimulate economic growth and investment.
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