Karachi, November 10, 2023 – Bank deposits in Pakistan have hit new peak at Rs 26.40 trillion by the end of October 2023, according to official data released on Friday by the State Bank of Pakistan (SBP).
Karachi, October 16, 2023 – Official data released on Monday has revealed that bank deposits in Pakistan have achieved an unprecedented milestone, reaching a new record high of Rs 26.32 trillion by the end of September 2023.
Karachi, October 5, 2023 – The State Bank of Pakistan (SBP) has reiterated that bank depositors in the country are fully protected through insurance coverage, addressing concerns raised in certain media reports.
Karachi, September 18, 2023 – The private sector in Pakistan has shown a significant surge in bank deposits, increasing by a remarkable 21 percent. This uptick reflects a growing preference for secure investments in the face of ongoing economic challenges.
Karachi, September 12, 2023 – Pakistan’s bank deposits have surged to a historic high, reaching Rs 26.11 trillion by the end of August 2023, as per data released by the State Bank of Pakistan (SBP) on Tuesday.
Karachi, August 9, 2023 – Deposits in commercial banks in Pakistan have reached an all-time high of Rs25.70 trillion by the end of July 2023, driven by the country’s highest interest rates.
Karachi, July 13, 2023 – The deposits in commercial banks have soared to a record high of Rs25.51 trillion by the end of June 2023, driven by the prevailing highest interest rate in the country.
In April 2023, the banking system in Pakistan experienced a massive withdrawal of Rs150 billion, leading to a decline in total deposits from the previous month’s record high.
KARACHI: Elimination of tax on transactions and high interest rates have made banking system a heaven for investment.
KARACHI: Banking deposits have grown to historic high level of Rs 22.92 trillion by February 2023, according to data released by State Bank of Pakistan (SBP) a day earlier.