Money and banking drive economic activity by facilitating transactions, savings, and investments. Banks manage financial resources, offer credit, and regulate money supply, ensuring stability and growth in Pakistan’s financial sector.
Category: Money & Banking
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SBP revises manual to facilitate cross border payments
KARACHI: The State Bank of Pakistan (SBP) on Thursday said that it has revised Foreign Exchange Manual to facilitate legitimate cross border payments.
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KIBOR rates for August 05, 2021
KARACHI: State Bank of Pakistan (SBP) on Thursday issued following Karachi Interbank Offered Rates (KIBOR) on August 05, 2021. Tenor BID OFFER 1 – Week 6.93 7.43 2 – Week 6.96 7.46 1 – Month 7.01 7.51 3 – Month 7.14 7.39 6 – Month 7.35 7.60 9 – Month 7.44 7.94 1 – Year…
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SBP issues customers exchange rates for August 05
KARACHI: The State Bank of Pakistan (SBP) on Thursday issued customers’ exchange rates. The exchange rate is on the basis of weighted average rates of commercial banks. The SBP said the data compiled and disseminated for information only. These exchange rates are estimates that quoted by various commercial banks to their clients. The banks provide…
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Rupee appreciates 24 paisas against dollar
Rupee appreciates 24 paisas against dollar. KARACHI: The Pak Rupee (PKR) gained 24 paisas against the dollar on Thursday. The local currency improved due to sufficient inflows of export receipts and workers remittances. The rupee ended at Rs163.23 to the dollar from the previous day’s closing of Rs163.47 in the interbank foreign exchange market. Currency…
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SBP imposes monetary penalty on eight banks
KARACHI: The State Bank of Pakistan (SBP) took decisive action on Thursday, announcing hefty monetary penalties totaling Rs525.23 million against eight commercial banks for violating regulatory provisions during the quarter ended June 30, 2021.
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Pak Rupee to Saudi Riyal on August 5, 2021
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on August 5, 2021: Buying: Rs 44.50 to the Saudi Riyal Selling: Rs 45.00 to the Saudi Riyal We update rates hourly so we can offer you the best SAR to PKR. The…
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Pak Rupee to UAE Dirham on August 5, 2021
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on August 5, 2021: Buying: Rs 43.30 to the UAE Dirham Selling: Rs 43.90 to the UAE Dirham We update rates hourly so we can offer you the best AED to PKR. The…
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Pak Rupee to Euro on August 5, 2021
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on August 5, 2021: Buying: Rs 192 to the Euro Selling: Rs 194 to the Euro We update rates hourly so we can offer you the best EUR to PKR. The Euro /PKR parity…
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Pak Rupee to UK Pound on August 5, 2021
KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on August 5, 2021: Buying: Rs 225.50 to the UK Pound Sterling Selling: Rs 228.50 to the UK Pound Sterling We update rates hourly so we can offer you the best GBP…
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Pak Rupee to US Dollar on August 5, 2021
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on August 5, 2021: Buying: Rs 163.10 to the Dollar Selling: Rs 164.30 to the Dollar We update rates hourly so we can offer you the best USD to PKR. The US Dollar…
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