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 Expected to Remain Robust Amid IMF Inflows

KARACHI – The Pakistani rupee is anticipated to sustain its recent gains against the US dollar in the upcoming week, buoyed by positive sentiment surrounding the economy after Pakistan received over $1 billion from the International Monetary Fund (IMF) as part of a larger $7 billion loan package, dealers and analysts reported.
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September 29, 2024
Rupee Makes Modest Gain Amid Import Payment Pressure

Karachi, September 27, 2024 – The Pakistani rupee gained modest ground on Friday, appreciating by 5 paisas against the US dollar despite high demand for import payments. At the close of the interbank foreign exchange market, the rupee stood at PKR 277.64 per dollar, up from the previous day’s PKR 277.69.
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September 27, 2024
SBP Announces Buyback Auction for Market Treasury Bills

Karachi, September 27, 2024 – In a significant move aimed at managing public debt and liquidity in the financial markets, the State Bank of Pakistan (SBP) has announced its decision to conduct an auction for the buyback of Market Treasury Bills (MTBs).
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September 27, 2024
Interbank Market Opens with 19-Paisa Gain for Rupee to Dollar

Karachi, September 27, 2024 – The interbank foreign exchange market began trading on Friday with a notable 19-paisa gain in the value of the Pakistani rupee against the US dollar, driven by optimism following the approval of a loan from the International Monetary Fund (IMF). The rupee appreciated to PKR 277.50 from the previous day’s close of PKR 277.69 per US dollar.
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September 27, 2024
Rupee Rises to PKR 277.69 Against Dollar After IMF Loan Approval

Karachi, September 26, 2024 – The Pakistani rupee appreciated against the US dollar on Thursday, reaching PKR 277.69 in the interbank market, as positive market sentiment followed the approval of a loan program by the International Monetary Fund (IMF).
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September 26, 2024
Profit Repatriation Surges 461% in First Two Months of FY25: SBP

Karachi, September 26, 2024 — The repatriation of profits and dividends by foreign companies operating in Pakistan surged by an astounding 461% during the first two months (July-August) of the current fiscal year 2024-25, according to data released by the State Bank of Pakistan (SBP) on Thursday.
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September 26, 2024
Rupee Slips 5 Paisas to Dollar on Import Payments

Karachi, September 25, 2024 – The Pakistani rupee experienced a slight decline of 5 paisas against the US dollar on Wednesday, closing at PKR 277.85 in the interbank foreign exchange market, compared to the previous day’s PKR 277.80. The drop was attributed to a surge in demand for import payments, as importers rushed to place orders with foreign suppliers ahead of the quarter’s end.
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September 25, 2024
Rupee Recovers 7 Paisas Against Dollar in Interbank Market

Karachi, September 24, 2024 – The Pakistani rupee saw a modest recovery in the interbank foreign exchange market on Tuesday, appreciating by 7 paisas against the US dollar. At the close of trading, the rupee was valued at PKR 277.80 per dollar, compared to the previous day’s closing rate of PKR 277.87.
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September 24, 2024
Senate Panel to Recommend Actions Against Banks’ Currency Manipulation

Islamabad—In a significant development, the Senate Standing Committee on Economic Affairs has called for strict measures against commercial banks allegedly involved in currency manipulation and over-invoicing while opening Letters of Credit (LCs).
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September 24, 2024
Rupee Slightly Dips to PKR 277.87 Against Dollar

Karachi, September 23, 2024 – The Pakistani rupee experienced a minor dip on Monday, closing at PKR 277.87 against the US dollar in the interbank market, slipping by just 3 paisas from last Friday’s rate of PKR 277.84.
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September 23, 2024