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.
Lahore, February 6, 2025 – MCB Bank Limited has announced strong financial results for the year ended December 31, 2024, reflecting another year of robust growth and solid performance.
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The Pakistani Rupee experienced a slight setback on Thursday, depreciating by 19 paisas against the US dollar in the interbank foreign exchange market.
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On February 5, 2025, the exchange rate for the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) in the open market was recorded as follows:
(more…)Karachi, February 4, 2025 – The Pakistani rupee appreciated by 8 paisas against the US dollar in the interbank foreign exchange market on Tuesday.
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Karachi, February 4, 2025 – The State Bank of Pakistan (SBP) has officially announced a bank holiday on Wednesday, February 5, 2025, in observance of Kashmir Day.
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Karachi, February 3, 2025 – The State Bank of Pakistan (SBP) has introduced significant updates to the Prime Minister’s Youth Business and Agriculture Loan Scheme to enable students from Higher Education Commission (HEC) recognized institutions to acquire laptops through financing.
(more…)Karachi, February 3, 2025 – The Pakistani rupee continued its downward trend in the interbank foreign exchange market, depreciating to PKR 279.04 against the US dollar on Monday.
(more…)The Pakistani rupee is expected to remain range-bound against the US dollar in the coming week as the country faces ongoing challenges in securing foreign inflows.
(more…)Karachi, January 31, 2025 – Jameel Ahmad, Governor of the State Bank of Pakistan (SBP), has called on banks to increase their rural presence by opening more branches dedicated to agricultural financing, as part of efforts to boost the agriculture sector in the country. His directive comes as part of the broader goals set by the SBP to address the challenges faced by Pakistan’s agriculture industry and ensure its long-term growth.
(more…)Karachi, January 31, 2025 – The Pakistani rupee posted a marginal gain of 2 paisas against the US dollar on Friday, despite persistent demand for foreign payments in the interbank market.
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