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 Pakistani Rupee witnessed a 10-paisa decline against the US Dollar on Tuesday, primarily driven by surging demand for imports and contract payments.
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KARACHI – Bank deposits from salaried individuals have seen a substantial increase of 17.26 percent, reaching an impressive sum of Rs1,569 billion by December 31, 2018, as compared to Rs1,338 billion during the same period the previous year.
(more…)KARACHI- The Pakistani Rupee (PKR) faced a minor setback in early trade as it weakened by two paisas against the US Dollar (USD).
(more…)The Pakistani Rupee displayed resilience on Monday by concluding the day’s trading with a marginal one paisa gain against the US Dollar, following a brief period of depreciation in the early trading hours.
(more…)The Pakistani Rupee (PKR) experienced a dip in its value against the US Dollar (USD) in midday trading on Monday, prompting concerns among market participants and economists.
(more…)The foreign exchange rate in Karachi remained unchanged on Saturday January 19, 2019 due to lower demand from the general public.
(more…)The Pakistani Rupee exhibited strength against the US Dollar on Friday, gaining five paisas in the interbank foreign exchange market, with the exchange rate closing at Rs138.84 to the dollar.
(more…)The Pakistani Rupee made gains of two paisas against the US Dollar in early trade on Friday. This adjustment in the exchange rate was driven by a lower demand for import payments.
(more…)The Pakistani Rupee showed resilience on Thursday by gaining two paisas against the US dollar, as reported by dealers. This slight yet significant improvement comes in the wake of some inflows from remittances and exports, brightening the outlook for the national currency.
(more…)KARACHI: In a development that signals positivity for the Pakistani economy, the Pakistani Rupee has shown resilience by gaining one paisa against the US dollar in early trading today, as reported by dealers on Thursday.
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