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.
Islamabad, November 20, 2024 – The Central Directorate of National Savings (CDNS) has raised Rs. 550 billion through the issuance of fresh bonds, achieving 15% of its annual target for the current fiscal year 2024-25, from July 1 to November 15.
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Karachi, November 19, 2024 – The State Bank of Pakistan (SBP) underscored its dedication to enhancing women’s role in the economic landscape by hosting Women Entrepreneurship Day on November 19, 2024, in Karachi. The event brought together key stakeholders, including banks, civil society, international organizations, and successful women entrepreneurs, to promote inclusive financial participation.
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Karachi, November 19, 2024 – The Pakistani rupee extended its losing streak on Tuesday, closing at PKR 277.95 against the US dollar in the interbank market, down by 9 paisas from Monday’s close of PKR 277.86.
(more…)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.
(more…)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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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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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.
(more…)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.
(more…)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.
(more…)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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