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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 vs dollar

PKR to USD: Rupee records marginal interbank gain to dollar

January 31, 2025January 31, 2025Faisal Shahnawaz

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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rupee vs dollar

PKR to USD: Rupee Dips 10 Paisas Amid Foreign Outflows

January 30, 2025January 30, 2025Faisal Shahnawaz

Karachi, January 30, 2025 – The Pakistani rupee weakened by 10 paisas against the US dollar on Thursday, impacted by foreign outflows driven by import and corporate payments.

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rupee vs dollar

Pakistani Rupee Regains 6 Paisas to Dollar in Interbank Market

January 29, 2025January 29, 2025Faisal Shahnawaz

Karachi, January 29, 2025 – The Pakistani rupee managed to recover 6 paisas against the US dollar on Wednesday, ending at PKR 278.87 in the interbank foreign exchange market, after experiencing a decline for three consecutive sessions. The previous day’s closing stood at PKR 278.93, marking a modest recovery.

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ICMAP Pushes SBP for Faster Interest Rate Reduction Plan

January 29, 2025January 29, 2025Faisal Shahnawaz

Karachi, January 29, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has called upon the State Bank of Pakistan (SBP) to take a bolder and more proactive approach in reducing the policy rate, emphasizing the need for decisive action to stimulate economic growth and investment.

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state bank of pakistan 03

SBP Awards First Digital Retail Bank License to Easypaisa Bank

January 28, 2025January 28, 2025Shahnawaz Akhter

Karachi, January 28, 2025 – The State Bank of Pakistan (SBP), led by Governor Jameel Ahmad, has awarded the country’s first-ever Digital Retail Bank (DRB) license to Easypaisa Bank Limited, formerly known as Telenor Microfinance Bank Limited.

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rupee vs dollar

PKR to USD: Rupee Dips to 278.93 Against Dollar in Interbank

January 28, 2025January 28, 2025Faisal Shahnawaz

Karachi, January 28, 2025 – The Pakistani rupee continued its downward trajectory on Tuesday, falling to PKR 278.93 against the US dollar in the interbank foreign exchange market.

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coins and money

New Currency Notes Printing to Begin in FY26: SBP

January 27, 2025January 27, 2025Shahnawaz Akhter

Karachi, January 27, 2025 – The State Bank of Pakistan (SBP) has announced its plan to initiate the printing of new currency notes featuring advanced security enhancements in the upcoming fiscal year, 2025-26.

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SBP report on banking sector

SBP Slashes Interest Rate to 12% Amid Inflation Decline

January 27, 2025January 27, 2025Shahnawaz Akhter

Karachi, January 27, 2025 – The State Bank of Pakistan (SBP) announced a significant reduction in its benchmark policy rate, cutting it by 100 basis points to 12%. The decision, effective from January 28, 2025, was made during the Monetary Policy Committee (MPC) meeting held on Monday.

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rupee vs dollar

PKR to USD: Rupee Starts Week with Slight Decline Against Dollar

January 27, 2025January 27, 2025Faisal Shahnawaz

Karachi, January 27, 2025 – The Pakistani rupee experienced a slight depreciation at the start of the week, falling by 8 paisas against the US dollar in the interbank foreign exchange market. The rupee closed at PKR 278.83 to the dollar on Monday, compared to last Friday’s closing rate of PKR 278.75.

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SBP May Surprise With Significant Rate Cut in Today’s MPC

January 27, 2025January 27, 2025Shahnawaz Akhter

Karachi, January 27, 2025 – The State Bank of Pakistan (SBP) is expected to make headlines by announcing a substantial interest rate cut during today’s Monetary Policy Committee (MPC) meeting. Market experts anticipate a rate cut of at least 100 basis points (bps), which would bring the benchmark policy rate down to 12% from the […]

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