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 – 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.
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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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The State Bank of Pakistan (SBP) has issued a list of renowned hotels for restricted authorization which are dealing in the foreign currency.
(more…)KARACHI: In the early trading session on Thursday, the Pakistan Rupee experienced a slight decline against the US dollar, driven by increased demand from import and corporate buyers.
(more…)Pakistan Rupee demonstrated resilience in the foreign exchange market on Wednesday, gaining five paisas against the US dollar. This positive trend was attributed to improved sentiments fueled by the anticipation of foreign inflows.
(more…)On Wednesday, the US dollar exhibited a decline in the interbank foreign exchange market during early trading. The exchange rate for the greenback in the foreign currency market stood at Rs138.25 in the initial hours of trading.
(more…)KARACHI: The Pakistani Rupee experienced a marginal decline of five paisas against the US Dollar on Monday, attributed to heightened demand for import and corporate payments.
(more…)The Pakistani Rupee witnessed a marginal depreciation of seven paisas against the US Dollar in early trade on Monday.
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