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: Car loans in Pakistan witnessed a significant decline of 55.3 percent during the first quarter of the current fiscal year, primarily attributed to government restrictions on non-filers purchasing cars.
(more…)KARACHI: The State Bank of Pakistan (SBP) successfully raised Rs103.9 billion through the sale of Market Treasury Bills (MTBs) in an auction held on Wednesday.
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KARACHI: The interbank foreign exchange market witnessed a positive shift on Wednesday as the Pakistani Rupee (PKR) gained 7 paisas against the US Dollar.
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KARACHI: National Bank of Pakistan (NBP) has signed an agreement to become settlement bank for Mobi Direct’s digital payment system.
(more…)KARACHI: The Pakistani Rupee (PKR) continued its upward trajectory against the US Dollar in early trading on Wednesday, strengthening by 11 paisas.
(more…)KARACHI: The Pakistani Rupee saw a positive trend against the US Dollar on Tuesday, gaining 10 paisas in the interbank foreign exchange market.
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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.
(more…)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.
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The Pakistani Rupee exhibited resilience in the interbank foreign exchange market on Monday, appreciating by another three paisas against the US Dollar.
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