KARACHI – The State Bank of Pakistan (SBP) on Monday announced interest-free loans for women.
Fazal Muqeem, Deputy Chief Manager of SBP in Dera Ismail Khan, made the announcement at a seminar titled ‘Women Bankability and Banking on Equality’ at the Government Polytechnic Institute (GPI) for Women.
Muqeem said that helping women start their businesses would not only make them stronger but also enable them to support their families and provide better education for their children.
With rising prices affecting everyone, especially those with limited incomes, Muqeem said that entrepreneurship could be a key solution. The government, in collaboration with the SBP, is working on policies to turn unemployed women into productive citizens, he said.
As part of these policies, unemployed women are now getting bank accounts just like men, giving them access to interest-free loans of up to Rs500,000.
Assistant Director Muhammad Zubair urged everyone to embrace digital technologies and encouraged citizens to become income tax filers to reduce their tax burden.
Sara Khan, Principal of GPI for Women, expressed her gratitude to SBP for its support in making students self-reliant. She said that many women will benefit from this policy in future.
Pakistani rupee remained stable against US dollar, and other currencies in the open market amid strong economic cues.
On Sunday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.
Euro moves down to 309.9 for buying and 310.5 for selling. British Pound rate stands at 359.4 for buying, and 360.05 for selling.
UAE Dirham AED also moved down to 77.45 whereas the Saudi Riyal drops to 75.82.
Currency | Symbol | Buying | Selling |
US Dollar | USD | 285.15 | 287.95 |
Euro | EUR | 309.9 | 310.5 |
UK Pound Sterling | GBP | 359.4 | 360.05 |
U.A.E Dirham | AED | 77.45 | 77.6 |
Saudi Riyal | SAR | 75.82 | 75.97 |
Australian Dollar | AUD | 187.72 | 188.22 |
Bahrain Dinar | BHD | 759.94 | 767.94 |
Canadian Dollar | CAD | 209.99 | 210.49 |
China Yuan | CNY | 39.78 | 39.88 |
Danish Krone | DKK | 41.95 | 42.05 |
Hong Kong Dollar | HKD | 36.38 | 36.48 |
Indian Rupee | INR | 3.39 | 3.5 |
Japanese Yen | JPY | 1.49 | 1.56 |
Kuwaiti Dinar | KWD | 926.39 | 935.39 |
Malaysian Ringgit | MYR | 60.38 | 60.98 |
New Zealand Dollar | NZD | 173.44 | 175.44 |
Norwegians Krone | NOK | 26.25 | 26.55 |
Omani Riyal | OMR | 742.16 | 750.18 |
Qatari Riyal | QAR | 78.5 | 79.2 |
Singapore Dollar | SGD | 212.45 | 212.95 |
Swedish Korona | SEK | 27.09 | 27.19 |
Swiss Franc | CHF | 325.38 | 325.88 |
Thai Bhat | THB | 8.05 | 8.09 |
The price of gold increased by thousands of rupees due to an upward trend in the international market.
On Sunday, the price of a single tola of 24-karat gold stands at Rs219,800 and 10 grams of 24k gold costs Rs188,450.
Meanwhile, single tola of 22 Karat gold costs Rs201,482, 21 karat rate costs Rs192,325 and 18k gold rate is Rs164,850.
Globally, gold prices hover at around $2072, gaining $32 on Sunday.
City | Gold | Silver |
Lahore | PKR 219,800 | PKR 2,730 |
Karachi | PKR 219,800 | PKR 2,730 |
Islamabad | PKR 219,800 | PKR 2,730 |
Peshawar | PKR 219,800 | PKR 2,730 |
Quetta | PKR 219,800 | PKR 2,730 |
Sialkot | PKR 219,800 | PKR 2,730 |
Attock | PKR 219,800 | PKR 2,730 |
Gujranwala | PKR 219,800 | PKR 2,730 |
Jehlum | PKR 219,800 | PKR 2,730 |
Multan | PKR 219,800 | PKR 2,730 |
Bahawalpur | PKR 219,800 | PKR 2,730 |
Gujrat | PKR 219,800 | PKR 2,730 |
Nawabshah | PKR 219,800 | PKR 2,730 |
Chakwal | PKR 219,800 | PKR 2,730 |
Hyderabad | PKR 219,800 | PKR 2,730 |
Nowshehra | PKR 219,800 | PKR 2,730 |
Sargodha | PKR 219,800 | PKR 2,730 |
Faisalabad | PKR 219,800 | PKR 2,730 |
Mirpur | PKR 219,800 | PKR 2,730 |
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