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.
Karachi, January 12, 2025 – The State Bank of Pakistan (SBP) has launched the third edition of the National Financial Inclusion Strategy (NFIS) 2024-28, designed to further accelerate financial inclusion and economic empowerment across the country.
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The rupee is expected to experience some volatility this month, trading within the range of PKR 278 to PKR 279. Limited dollar selling from exporters and the strength of the dollar against other major currencies are contributing to weak supplies and adding pressure to the rupee.
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Karachi, January 10, 2025 – The State Bank of Pakistan (SBP) has officially announced that the first meeting of the Monetary Policy Committee (MPC) for the year 2025 will take place on January 27.
(more…)Karachi, January 10, 2025 – The Pakistani rupee recorded a slight improvement, gaining 3 paisas against the US dollar by the close of the interbank foreign exchange market on Friday. The rupee concluded trading at PKR 278.58 to the dollar, compared to the previous day’s closing rate of PKR 278.61.
(more…)Karachi, January 10, 2025 – Pakistan recorded an impressive $17.85 billion in remittances from its expatriates during the first half (July–December) of the fiscal year 2024-25, showcasing a robust 38% year-on-year (YoY) increase compared to $13.44 billion received during the same period last fiscal year.
(more…)Karachi, January 9, 2025 – The Pakistani rupee witnessed a modest recovery on Thursday, appreciating by 11 paisas against the US dollar in the interbank foreign exchange market.
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Karachi, January 9, 2025 – The State Bank of Pakistan (SBP) Governor, Jameel Ahmad, expressed optimism about further easing of inflation in January, with expectations of fluctuations in the following months.
(more…)Karachi, January 8, 2025 – The Pakistani rupee experienced a slight decline of 5 paisas against the US dollar in the interbank foreign exchange market on Wednesday, closing at PKR 278.72 compared to the previous day’s rate of PKR 278.67.
(more…)Karachi, January 7, 2025 – The Pakistani rupee weakened further on Tuesday, closing at PKR 278.67 against the US dollar in the interbank foreign exchange market. This slight depreciation is primarily linked to heightened demand for dollars, driven by increasing import payments.
(more…)Karachi, January 6, 2025 – The Pakistani rupee experienced a modest decline of 6 paisas against the US dollar on Monday, closing at PKR 278.62, compared to last Friday’s closing of PKR 278.56 in the interbank foreign exchange market.
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