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Dollar rebounds to stop rupee dominance
KARACHI. August 16, 2022. After two weeks, US dollar has started to strengthen its position against the rupee.
On Tuesday, US dollar made slight gain in interbank market as tis selling value appreciated by Rs 0.75 at closing of the…
Top currency dealer says dollar sets to go down to 185
KARACHI : August 16, 2022. Exchange Companies Association Pakistan (ECAP), Malik Bostan Khan , has appreciated State Bank of Pakistan (SBP) for permitting forex exchange companies to export US dollar. He said with the permission from SBP,…
SBP launches RPP for overseas Pakistanis
KARACHI. August 15, 2022 . Acting government State Bank of Pakistan (SBP) , Dr Baqir Syed , has said the government attaches great importance to overseas Pakistanis and keep providing them opportunities time to time for protecting their…
Dollar loses more value, trades at Rs 214.10 in interbank
KARACHI: August 15, 2022. On the first half of trading day in the currency market, US dollar value remained under pressure on Monday. US dollar shed Rs 2.40 in the interbank rates. It lost major chunk of value in the open market. In the…
Rupee continues to ditch US dollar, makes more gain on Friday
KARACHI : August 12. 2022. The rupee made handsome gain and pegged at 215.50 at closing of the currency market on Friday.
According to forex association , US dollar traded at Rs 215.50 in the interbank value. Its open market value also…
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…
