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.
The deposits in Pakistan’s banking system witnessed a decline of 2.22 percent, totaling Rs13.057 trillion by the end of January 2019, as compared to Rs13.35 trillion recorded on December 31, 2018.
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Moody’s Investors Service, a globally renowned credit rating agency, has altered its outlook for Pakistan’s banking system from stable to negative, citing concerns over the sector’s exposure to the nation’s low-rated sovereign debt and a decelerating economy.
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KARACHI: The Pakistani Rupee experienced a decline of 54 paisas against the US dollar on Monday, signaling increased demand for imports and corporate payments, according to market dealers.
(more…)Karachi – The Pakistani Rupee faced a depreciation of 40 paisas against the US dollar in early trade on Monday, influenced by heightened demand following the weekly holidays.
(more…)Karachi – The Pakistani rupee experienced a modest decline of 20 paisas against the US dollar in the open market on Saturday, driven by increased demand during the weekly holiday.
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KARACHI: Banks have disbursed Rs527 billion as agriculture credit during first half of current fiscal year, which is 22 percent higher than the disbursement made during the same period of the last fiscal year.
(more…)KARACHI – The Pakistan Rupee experienced a depreciation of 16 paisas against the US dollar on Friday, primarily driven by heightened demand from importers and corporate buyers.
(more…)KARACHI – In the early trading hours on Friday, the Pakistan Rupee faced a decline of six paisas against the US dollar, reaching Rs138.30 in response to increased demand for import and corporate payments.
(more…)KARACHI: State Bank of Pakistan (SBP) on Thursday said that it has been made mandatory for all banks to send free of cost transaction alerts to their customers in order to ensure security of digital payments.
(more…)KARACHI: The Pakistani Rupee concluded stronger against the US dollar on Thursday, defying expectations amid heightened demand for import and corporate payments.
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