Banking
Rupee’s rebound against USD persists
Karachi, November 29, 2023 :On Wednesday, the Pakistani rupee sustained its recovery against the US dollar in the interbank market. As per the State Bank of Pakistan (SBP), the Pakistani rupee appreciated by Re0.12, concluding at Rs285.39 in the interbank market. Forex dealers reported the local currency trading at Rs286.50 in the open market. In…
Eastnets to host a conference on “Financial Crime in the Digital Age” on Nov 25
Karachi: Eastnets, a global provider of compliance and payment solutions for the financial services sector, will host a conference on “Financial Crime in the Digital Age” on November 25 at the Pearl-Continental Hotel in Karachi. The conference will bring together experts, regulators, and industry practitioners to discuss the challenges and trends in combating financial crime…
Visa’s Survey unveils commuters’ desire for integrated, seamless travel experience in Pakistan
Karachi, November 16, 2023: As the concept of Mobility-as-a-Service gains momentum across the world, public transport users in Pakistan are increasingly looking ahead to an interconnected, unified digital service that allows them to plan, book, and pay ahead of time for all modes of transportation, according to a study by Visa, the world’s leader in digital…
JS investments launches JS Islamic premium fund to offer attractive shariah-compliant returns
Karachi, November 08, 2023: JS Investment Limited (JSIL) has announced the launch of JS Islamic Premium Fund (JSIPF), a shariah-compliant investment solution for its investors. This new offering is a straightforward, medium-risk investment solution that delivers consistent and attractive Shariah-compliant returns. JSIPF reflects JSIL’s core values, emphasizing reliability and stability. It focuses on a diversified…
SBP maintains interest rate at 22pc
Karachi, October 30, 2023: The State Bank of Pakistan (SBP) on Monday decided to maintain its benchmark interest rate – the cost of bank lending – at 22 percent. At its meeting today, the SBP’s Monetary Policy Committee (MPC), decided to maintain the policy rate at 22 percent. In a recent meeting, the Monetary Policy…