Category: Money & Banking

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.

Rupee gains in early trading on Saudi investment expectations

KARACHI — The Pakistani Rupee exhibited early signs of strength against the US Dollar in Friday’s early trading sessions, with currency experts attributing the positive trend to heightened expectations of significant investments during the upcoming visit of Saudi Crown Prince Mohammad Bin Salman, scheduled for December 16, 2019.
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February 15, 2019
Rupee ends flat on lackluster dollar demand

The Pakistani Rupee held steady against the US dollar on Thursday, closing at Rs138.93 in the interbank foreign exchange market.
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February 14, 2019
SBP directs banks to display contact details to facilitate customers

The State Bank of Pakistan (SBP) has issued directives to all banks, urging them to prominently display contact details to facilitate customers in addressing complaints and resolving issues effectively.
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February 14, 2019
Rupee gains in early trading on investment announcement

KARACHI – In early day trading on Thursday, the Pakistani Rupee demonstrated resilience, gaining two paisas against the US dollar, trading at Rs138.92 in the interbank foreign exchange market.
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February 14, 2019
Investment in unregistered prize bonds increases to Rs922.78 bn

KARACHI – According to the latest debt statistics issued by the State Bank of Pakistan (SBP), the investment in unregistered prize bonds has witnessed a significant surge, recording an increase of 17 percent to reach Rs922.78 billion by the end of December 2018.
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February 14, 2019
SBP sells treasury bills worth Rs2,107.51 billion in auction

KARACHI – In a successful auction held on Wednesday, the State Bank of Pakistan (SBP) raised a substantial amount of Rs2,107.51 billion through the sale of Market Treasury Bills (MTBs).
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February 13, 2019
Rupee weakens by two paisas against US dollar

KARACHI – The Pakistani Rupee experienced a marginal decline of two paisas against the US dollar on Wednesday, closing at Rs138.94 in the interbank foreign exchange market.
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February 13, 2019
Allied Bank declares Rs12.88 billion PAT for year 2018

Karachi – Allied Bank Limited, one of Pakistan’s leading financial institutions, announced a profit after tax of Rs12.88 billion for the year 2018, reflecting a commendable 1.15 percent increase compared to the preceding year’s profit of Rs12.733 billion.
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February 13, 2019
Arif Usmani appointed NBP President, CEO

Karachi – The federal government has officially appointed Arif Usmani as the President and Chief Executive Officer (CEO) of the National Bank of Pakistan (NBP), according to an official note received by the Pakistan Stock Exchange (PSX) on Wednesday.
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February 13, 2019
Rupee maintains level against dollar in early trading

Karachi – The Pakistani Rupee commenced the day by maintaining its value against the US Dollar on Wednesday, as reported by currency dealers.
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February 13, 2019