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, July 9, 2024 – The US dollar weakened against the Pakistani Rupee on Tuesday, closing at PKR 278.40 in the interbank foreign exchange market. This marks a slight decrease of 10 paisas from the previous day’s closing of PKR 278.50.
(more…)
Karachi, July 8, 2024 – On Monday, the Pakistani Rupee weakened against the US dollar by 12 paisas, driven by high foreign currency demand at the beginning of the week.
(more…)Karachi – July 7, 2024 – The Pakistani Rupee is expected to hold steady against the US dollar in the coming week, starting July 8th, 2024. This forecast comes after a week of relatively stable trading, with the rupee closing at approximately 278.50 per dollar in the interbank market.
(more…)
KARACHI, July 5, 2024 – Bill Winters, Group CEO of Standard Chartered Bank, expressed optimism about Pakistan’s potential and reaffirmed the bank’s commitment to continued investment during his visit to the Overseas Investors Chamber of Commerce and Industry (OICCI) on Friday.
(more…)
Karachi, July 5, 2024 – United Bank Limited (UBL) has successfully concluded the sale of its entire shareholding in United National Bank Limited (UNBL) UK, marking a strategic shift aimed at enhancing its financial position and shareholder returns.
(more…)
Karachi, July 5, 2024 – The Pakistani Rupee exhibited a resilient comeback on Friday, strengthening by 12 paisas against the US dollar in the interbank foreign exchange market, supported by a notable surge in the country’s foreign exchange reserves.
(more…)
Islamabad, July 5, 2024: In a move set to reshape Pakistan’s cross-border remittance and currency exchange landscape, the Competition Commission of Pakistan (CCP) has approved the acquisition of certain assets of Wall Street Exchange Company (WSE) by UBL Currency Exchange (UCE).
(more…)Karachi, July 4, 2024 – The Pakistani rupee experienced a decline of 10 paisas against the US dollar on Thursday, settling at PKR 278.50 compared to the previous day’s closing of 278.40 in the interbank foreign exchange market.
(more…)
Karachi, July 3, 2024 – The State Bank of Pakistan (SBP) on Wednesday issued a directive to all banks, requiring detailed submissions of transactions conducted through foreign currency accounts (FCA).
(more…)Karachi, July 3, 2024 – The Pakistani Rupee experienced a slight decline on Wednesday, closing at PKR 278.40 against the US dollar in the interbank foreign exchange market. This marks a marginal decrease of two paisas from the previous day’s closing rate of PKR 278.38.
(more…)