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 issues exchange rates for July 13, 2021
KARACHI: The State Bank of Pakistan (SBP) on Tuesday issued customers’ exchange rates on the basis of weighted average rates of commercial banks. The SBP said that the data is compiled and disseminated for information only. These Exchange Rates are an estimate of the Exchange Rates quoted by various Commercial Banks to their clients. They…
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Remittances flow $2bn for 13th consecutive month
KARACHI: The inflows of workers’ remittances continued streak of over $2 billion for a record 13th consecutive month to reach historic annual high at $29.4 billion in 2020/2021, State Bank of Pakistan (SBP) said on Tuesday. The SBP said that with inflows of around $2.7 billion in June 2021 (9 percent growth (y/y) and 8…
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Exchange rate: buying, selling of UAE Dirham in rupee on July 13
The open market exchange rates for the UAE Dirham (AED) against the Pakistani Rupee (PKR) on July 13, 2021, are as follows:
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Exchange rate: buying, selling of UK Pound in rupee on July 13
KARACHI: The open market rates for buying and selling one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) on July 13, 2021, have been reported as follows:
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Exchange rate: buying, selling of US Dollar in rupee on July 13
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in open market on July 13, 2021: Buying: Rs 159.30 to the dollar Selling: Rs 159.90 to the dollar Today’s USD to PKR (Dollar Price in Pakistan Rupee 2021) exchange rate has been given here. All rates…
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SBP directs banks to enhance consumer grievance handling mechanism
KARACHI: in order to strengthen consumer protection regime, the State Bank of Pakistan (SBP) directed banks to enhance grievance handling mechanism at their end. A statement issued on Monday, the central bank said that the SBP is in continuous pursuit of strengthening the consumer protection regime and market conduct of the industry. Amongst other efforts,…
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KIBOR rates on July 12, 2021
KARACHI: State Bank of Pakistan (SBP) on Monday issued following Karachi Interbank Offered Rates (KIBOR) on July 12, 2021. Tenor BID OFFER 1 – Week 6.90 7.40 2 – Week 6.96 7.46 1 – Month 7.02 7.52 3 – Month 7.19 7.44 6 – Month 7.40 7.65 9 – Month 7.52 8.02 1 – Year…
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Rupee ends down by 19 paisas against dollar
KARACHI, Date – The Pakistani Rupee experienced a modest decline of 19 paisas against the US Dollar on Monday in the interbank foreign exchange market.
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SBP issues exchange rates for July 12, 2021
KARACHI: The State Bank of Pakistan (SBP) on Monday issued customers’ exchange rates on the basis of weighted average rates of commercial banks. The SBP said that the data is compiled and disseminated for information only. These Exchange Rates are an estimate of the Exchange Rates quoted by various Commercial Banks to their clients. They…
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Exchange rate: buying, selling of Saudi Riyal in rupee on July 12
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in open market on July 12, 2021: Buying: Rs 41.50 to the Saudi Riyal Selling: Rs 42.00 to the Saudi Riyal Today’s SAR to PKR (Saudi Riyal Price in Pakistan Rupee 2021) exchange rate has been given…
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