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.
Elevate, a London and Dubai-based fintech company, has successfully raised $5 million in financing to expand its services into South Asia.
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PkRevenue.com – The Governor of the State Bank of Pakistan (SBP), Jameel Ahmed, chaired the inaugural Steering Committee Meeting aimed at implementing priority sector initiatives recommended by the Pakistan Banks’ Association (PBA).
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PkRevenue.com – The Pakistani rupee maintained stability against the US dollar on Wednesday, closing at PKR 278.30 in the interbank foreign exchange market. This stability is attributed to positive economic signals, particularly following Prime Minister Shehbaz Sharif’s recent visit to China.
(more…)PkRevenue.com – A recent survey by Topline Research suggests a significant shift in market expectations regarding the State Bank of Pakistan’s (SBP) upcoming Monetary Policy Committee (MPC) meeting scheduled for June 10th, 2024.
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PkRevenue.com — The Pakistani rupee appreciated by 6 paisas against the US dollar on Tuesday, driven by a narrowing trade deficit, according to data released by the State Bank of Pakistan (SBP).
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PkRevenue.com – Pakistani Rupee on Monday weakened by 4 paisas against the US dollar due to rising foreign currency demand for import and corporate payments.
(more…)PkRevenue.com – The Pakistani rupee is expected to remain stable against the US dollar in the days leading up to the announcement of the 2024-25 budget, scheduled for June 7, 2024. Currency market analysts predict a steady exchange rate for the week starting June 3, 2024, driven by positive economic indicators.
(more…)PkRevenue.com – On Friday, the Pakistani Rupee gained 17 paisas against the US dollar, reflecting positive market sentiment amid improving economic indicators reported by the finance ministry.
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PkRevenue.com – Analysts at Arif Habib Limited on Friday projected a significant policy rate cut by the State Bank of Pakistan (SBP) in its upcoming monetary policy announcement scheduled for June 10, 2024. The market is anticipating a 2% reduction, bringing the policy rate down to 20%, a level last seen in March-April 2023.
(more…)PkRevenue.com – The Pakistani Rupee (PKR) saw a slight depreciation on Thursday, weakening to PKR 278.50 against the US dollar at the closing of the interbank foreign exchange market.
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