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 2, 2024 (PkRevenue.com) – The State Bank of Pakistan (SBP) on Tuesday issued detailed guidelines to banks for processing requests related to the export of sugar.
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Karachi, July 2, 2024 – The Pakistani Rupee depreciated by 4 paisas against the US dollar on Tuesday, closing at PKR 278.38 compared to PKR 278.34 at the last session on June 28, 2024, in the interbank foreign exchange market.
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Karachi, June 30, 2024 – The Pakistani rupee is expected to remain stable in the upcoming week starting July 1, buoyed by positive sentiment following the passage of a tax-heavy budget by Pakistan’s parliament ahead of crucial discussions with the International Monetary Fund (IMF) for a new loan, currency dealers reported.
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Karachi, June 28, 2024 – The State Bank of Pakistan (SBP) has officially declared July 1, 2024, as a bank holiday across Pakistan. This decision, communicated through a statement by the central bank today, mandates the closure of all financial institutions, including the SBP itself, as well as banks, Development Financial Institutions (DFIs), and Microfinance Banks (MFBs), shall observe bank holiday for public dealings on Monday, July 1, 2024.
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Karachi, June 28, 2024 – The State Bank of Pakistan (SBP) announced on Friday the bank timings for the collection of duty and tax during the last three days of the fiscal year 2024-25.
(more…)Karachi, June 28, 2024 – The Pakistani Rupee on the last trading day of fiscal year 2023-24 on Friday appreciated slightly, ending at PKR 278.34 against the dollar in the interbank foreign exchange market.
(more…)Karachi, June 27, 2024 – The State Bank of Pakistan (SBP) on Thursday urged commercial banks to enhance financing for Small and Medium Enterprises (SMEs).
(more…)Karachi, June 27, 2024 – The Pakistani Rupee recorded a modest gain of two paisas on Thursday, reaching PKR 278.38 against the dollar in the interbank foreign exchange market.
(more…)Karachi, June 26, 2024 – The Pakistani Rupee displayed some resilience on Wednesday, gaining 10 paisas to close at PKR 278.40 against the US dollar in the interbank foreign exchange market. This marks a slight improvement compared to Monday’s closing rate of PKR 278.50.
(more…)Karachi, June 25, 2024 – The Pakistani Rupee showed a modest recovery on Tuesday, gaining 12 paisas against the US dollar in the interbank foreign exchange market. At the close of trading, the rupee stood at PKR 278.50 to the dollar, improving from the previous day’s closing of PKR 278.62.
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