Karachi, September 12, 2024 – The Pakistani rupee gained 10 paisas against the US dollar on Thursday, closing at PKR 278.44 in the interbank market, up from the previous day’s PKR 278.54. This marginal appreciation is primarily due to reduced demand for dollars to pay for imports, especially as global oil prices have sharply declined.
(more…)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.
