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Rupee continues to thrash dollar, pegs at 216.50 in interbank market
KARACHI. August 11, 2022. The rupee made another major gain strengthening its value against US dollar in the local market on Thursday. The local unit pegged at Rs 216.50 in interbank market at the closing of the trading session. The rupee…
SBP launches media campaign on Asaan Mobile Account
KARACHI. August 10, 2022. The State Bank of Pakistan (SBP), in collaboration with Pakistan Telecommunication Authority (PTA) and UK's Foreign, Commonwealth and Development Office (FCDO), unveiled the mass media campaign
for Asaan Mobile…
EMLAAK: Pakistan’s Frist market place for mutual funds launched
KARACHI. August 6, 2022.The SECP Chairman Aamir Khan said that the launch of EMLAAK Financials, the country’s first Mutual Fund Market Place, is a major stride towards expanding investor outreach, and improving customer experience. The SECP…
ESG calls for strict compliance on environmental laws
ISLAMABAD/KARACHI (August 05, 2022): Ms. Sima Kamil, Deputy Governor, State Bank of Pakistan (SBP) said that ESG is a major concern as financial stability of the financial sector is paramount since banks use public funds to conduct lending…
Dollar’s free fall continues , rupee closes at 217 in open market
KARACHI : August 4, 2022. Free fall of US Dollar against the rupee is continuing in the currency market . On Thursday , US dollar witnessed a major decline of Rs 11, taking it down to Rs 217 on the closing of the currency market.
A day…
SBP announces August 8, 9 as holidays for Moharrum
KARACHI. August 4, 2022. The State Bank of Pakistan (SBP) has announced August 8-9 on 9-10 Moharrum .
The SBP will remain closed from August 8-8 in connection with holydays for Muharrum (9, 10).
The banks will also remain closed on…
Rupee thrashes dollar , pegs at 228.8 on Wednesday
KARACHI . A US dollar on Wednesday witnessed major decline against the rupee in the currency market.
Wednesday's gain by the rupee has brought a good news for the local market as well as trading and businesses centers which had direct…
Rupee stops losing streak, makes handsome gain against US dollar
KARACHI: August 1, 2022. After long spell of losing ground to US dollar, the rupee on Monday bounced back as it made substantial gain in the open market against the US currency .
On Monday, the rupee gained Rs 4.50 against the US…
Pressure on rupee to start easing in two weeks. Miftah claims
ISLAMABAD . July 31,2023.Finance minister , Miftah Ismail , on Sunday said the government was going to fulfil the remaining one condition of the International Monetary Fund (IMF) .
Although Miftah Ismail did not divulge which was the…
Experts call for phasing out of conventional financing system with Islamic Banking
ISLAMABAD, July 29: The Securities and Exchange Commission of Pakistan (SECP) organized “High Power Session on Islamic Finance” to discuss potential issues, challenges, and opportunities related to Islamic finance within regulated sectors…
