Karachi, April 29, 2024 : On Monday, the Pakistani Rupee experienced a marginal decrease of Rs 0.1 paisa against the US dollar in interbank trading, concluding at Rs 278.39, as opposed to the previous day’s closing rate of Rs 278.38. As per the Forex Association of Pakistan (FAP), the open market saw the dollar’s buying…
Islamabad , April 22, 2024: Living up to its standing as a responsible corporate entity, Pakistan’s leading digital microfinance bank, Mobilink Bank, carried out a nationwide plantation drive to help enhance the country’s forest cover as well as mitigate the looming impacts of climate change. Mobilink Bank’s teams from all 109 branches nationwide participated in…
Karachi, March 04, 2024 : Faysal Bank Limited (FBL), a leading Islamic financial institution of Pakistan, has partnered with State Bank of Pakistan (SBP) for ‘Pakistan Financial Literacy Week 2024’. Committed to fostering financial education and inclusivity, FBL furthers its pledge to complement the SBP efforts for this resourceful initiative of empowerment. Expressing his views…
Islamabad, January 30, 2024 : State Bank of Pakistan (SBP) has initiated the process for designing and issuing a New Banknotes Series of all existing denominations. It is an established practice of central banks to introduce new banknote series after every fifteen to twenty years to secure the integrity of banknotes and align them with…
Karachi, January 29, 2024 : AlBaraka Forum for Islamic Economy in collaboration with the Islamic Chamber of Commerce and Development (ICCD) hosted the 2nd AlBaraka Regional Conference to shed light on the crucial role of home remittances in Pakistan and their impact on sustainable development. The conference served as a platform to discuss the multifaceted…