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: United Bank Limited (UBL) officially communicated to the Pakistan Stock Exchange (PSX) on Tuesday that it has surrendered its New York branch license to the New York State Department of Financial Services (NYDFS) on January 28, 2019.
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KARACHI: The Pakistani Rupee exhibited noteworthy gains against the US Dollar in early trade on Tuesday, attributed to the shrinking current account deficit and increased foreign assistance inflows, according to market dealers.
(more…)The Pakistani Rupee exhibited resilience in the interbank foreign exchange market on Monday, appreciating by another three paisas against the US Dollar.
(more…)In a positive turn of events for the Pakistani economy, the Pak Rupee gained three paisas against the US dollar in the interbank market during early trading on Monday.
(more…)KARACHI – In a positive development for the Pakistani economy, the Pakistani Rupee gained 20 paisas against the US Dollar in the open market on Saturday.
(more…)Rupee has ended with a gain of 11 paisas against the dollar on Friday amid foreign inflows received from Saudi Arabia and United Arab Emirates (UAE).
(more…)Rupee has gained 15 paisas against the dollar in midday trading on Friday owing to inflows of $2 billion received by Pakistan.
(more…)Rupee eases in early trade against the dollar on Friday owing to rising demand for import and corporate demand.
(more…)Pakistani Rupee has strengthens against the dollar on Thursday owing to reform package announcement by the government.
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