Category: Money & Banking

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.

Rupee Weakens to PKR 277.86 Against US Dollar

Karachi, November 18, 2024 – The Pakistani rupee depreciated against the US dollar on Monday, reaching PKR 277.86, driven by heightened foreign currency demand primarily for import payments. The rupee lost 19 paisas compared to last Friday’s closing rate of PKR 277.67 in the interbank foreign exchange market.
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November 18, 2024
Rupee Outlook: Stable Against Dollar Starting November 18

The Pakistani rupee is anticipated to remain stable and trade within a range in the upcoming week, supported by improved dollar inflows and market optimism following the conclusion of discussions with the International Monetary Fund (IMF) on its $7 billion loan program.
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November 17, 2024
SBP Celebrates Women Entrepreneurship Day 2024 in Pakistan

Karachi, November 16, 2024 – The State Bank of Pakistan (SBP) has announced that it will celebrate Women Entrepreneurship Day (WED) on November 19, 2024, across the country, with key events at its 16 field offices. The primary ceremony will be held at SBP headquarters in Karachi, featuring a keynote address by Governor Jameel Ahmad.
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November 16, 2024
SBP Suspends Operations of Islamabad Exchange Company

Karachi, November 15, 2024 – The State Bank of Pakistan (SBP) announced on Friday that it has suspended the authorization of M/s Islamabad Exchange Company (Pvt.) Limited with immediate effect, citing violations of regulatory rules and guidelines.
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November 15, 2024
Pakistani Rupee Gains to PKR 277.67 Against Dollar

Karachi, November 15, 2024 – The Pakistani rupee continued its upward momentum, closing at PKR 277.67 against the US dollar in the interbank market on Friday. This marks a modest appreciation of 7 paisas from the previous day’s rate of PKR 277.74.
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November 15, 2024
SBP Modernizes Agriculture Loan Process with New Alternatives

Karachi, November 15, 2024 – The State Bank of Pakistan (SBP) has introduced streamlined procedures and documentation requirements for agricultural loans, aiming to simplify the process for farmers and financial institutions alike.
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November 15, 2024
Rupee Gains Slightly, Closes at PKR 277.74 Against Dollar

Karachi, November 14, 2024 – The Pakistani Rupee strengthened marginally against the US dollar on Wednesday, closing at PKR 277.74 in the interbank market, a slight improvement of 11 paisas from the previous day’s close of PKR 277.85.
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November 14, 2024
SBP Raises Rs 776 Billion Through T-Bill Auction

Karachi, November 13, 2024 – The State Bank of Pakistan (SBP) secured Rs 776 billion through its latest auction of Market Treasury Bills (MTBs) on Wednesday, marginally short of the Rs 800 billion target set for the auction.
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November 13, 2024
Rupee Gains Ground Against Dollar, Rises to PKR 277.85

Karachi, November 13, 2024 – The Pakistani rupee showed slight improvement in the interbank market on Wednesday, gaining 8 paisas against the US dollar. The rupee ended at PKR 277.85 to the dollar, up from the previous day’s closing of PKR 277.93, as remittance inflows and strong export receipts bolstered the local currency.
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November 13, 2024
Dogecoin Surges as Market Reacts to Trump’s Presidential Win

Dogecoin (DOGE) has experienced a staggering surge over the past few weeks, with price increases reflecting renewed investor enthusiasm for the original memecoin.
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November 13, 2024