The banking sector in Pakistan is thriving and has been ever since the introduction of formal banking institutions in the region. There has been a growth in the number of facilities offered by private banks, keeping up with the rapid changes in technology and modes of payment. There has been an increase in branchless banking as well. Most companies now offer mobile and online banking, and credit cards have greatly diminished
In the month of December in 2013, the Forex saw the value of the Pakistani Rupee nosedive to a record low. The exchange rate back then was Rs 111 to the dollar. In the June of this year, the Finance Minister claimed to have managed to increase the value of the Pak Rupee by 11% since the advent of the PML-N government. The rate at the time of this claim
The United States and Pakistan have a strong relationship based on a mutual commitment to security and stability. Esperanza Gomez of the United States-Pakistan Business Council says, “Pakistan and the United States are natural trade and investment partners.” She notes that the U.S. is Pakistan’s top trade partner and largest customer. The U.S. Commercial Service in Pakistan is responsible for U.S. export development activities and provides services to the U.S.