Category: Money & Banking

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.

Consumer Loans Dip 6.1%: Pakistan Economic Survey 2023-24

PkRevenue.com – The Economic Survey of Pakistan 2023-24, released on Tuesday, reported a 6.1 percent decline in consumer loans for the outgoing fiscal year. The survey highlighted a significant net retirement of Rs 52.6 billion in consumer loans during July-March FY 2024, compared to a net retirement of Rs 21.1 billion in the same period last year.
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June 11, 2024
Rupee Extends Fall to PKR 278.50 Against Dollar

PkRevenue.com – The Pakistani Rupee has extended its decline by 13 paisas, closing at PKR 278.50 per US dollar on Tuesday, driven by a surge in foreign payments.
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June 11, 2024
Rupee Weakens by 17 Paisas to Dollar on High Import Payments

Karachi, June 10, 2024 – The Pakistani Rupee fell by 17 paisas against the US dollar on Monday, driven by a surge in demand for import payments. The rupee closed at PKR 278.37 per dollar in the interbank foreign exchange market, compared to last Friday’s closing of PKR 278.20.
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June 10, 2024
SBP Announces 150bps Cut in Benchmark Policy Rate to 20.5%

Karachi, June 10, 2024 – In a move aimed at providing much-needed relief to the economy, the State Bank of Pakistan (SBP) has announced a reduction in the benchmark policy rate by 150 basis points, bringing it down to 20.5 percent.
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June 10, 2024
SBP Poised for Crucial Policy Rate Decision on June 10

PkRevenue.com – The State Bank of Pakistan (SBP) is poised to make a pivotal decision regarding the benchmark policy rate on Monday, June 10, 2024.
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June 9, 2024
Stable Rupee Expected Against Dollar Next Week Starting June 10

PkRevenue.com – The Pakistani Rupee is anticipated to maintain its stability against the US dollar in the upcoming week beginning June 10, 2024.
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June 9, 2024
Pakistan Records Highest Monthly Remittances $3.2B in May 2024

PkRevenue.com – Pakistan has achieved a historic milestone by recording all-time high monthly remittances of $3.24 billion in May 2024, according to official data released on Friday by the State Bank of Pakistan (SBP).
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June 7, 2024
Rupee Regains 19 Paisas to Dollar Amid Inflows

In a positive turn for the Pakistani economy, the rupee on Friday regained 19 paisas against the US dollar, closing at PKR 278.20 from the previous day’s PKR 278.39 in the interbank foreign exchange market. This appreciation was primarily driven by inflows from export receipts and remittances.
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June 7, 2024
Rupee Sheds 9 Paisas to Dollar on Foreign Payments Demand

PkRevenue.com – The Pakistani Rupee weakened by 9 paisas against the US dollar on Thursday, reflecting increased demand for the foreign currency due to rising foreign payments.
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June 6, 2024
JazzCash Pakistan Surpasses 11 Million Active App Users

PkRevenue.com – JazzCash, Pakistan’s leading mobile wallet and digital financial services platform, has achieved a significant milestone by surpassing 11 million active app users.
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June 6, 2024