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
-
KIBOR rates on July 02, 2021
KARACHI: State Bank of Pakistan (SBP) on Friday issued following Karachi Interbank Offered Rates (KIBOR) on July 02, 2021. Tenor BID OFFER 1 – Week 6.91 7.41 2 – Week 6.95 7.45 1 – Month 7.01 7.51 3 – Month 7.20 7.45 6 – Month 7.42 7.67 9 – Month 7.51 8.01 1 – Year…
Written by
-
SBP issues customers exchange rates on July 02, 2021
Islamabad, July 2, 2021 – The State Bank of Pakistan (SBP) has officially released the exchange rates for various currencies on July 2, 2021, providing a reference for banks and financial institutions for customer transactions. These rates serve as a benchmark for buying and selling different foreign currencies against the Pakistani Rupee (PKR).
Written by
-
Meezan Bank’s credit rating upgraded
KARACHI: VIS Credit Rating Company Limited has upgraded the entity ratings of Meezan Bank Limited (MEBL) to ‘AAA/A-1+’ (Triple A/ A-One Plus) from ‘AA+/A-1+’ (Double A Plus/ A-One Plus).
Written by
-
Rupee gains 20 paisas against dollar
KARACHI: The Pak Rupee gained 20 paisas against the dollar on Wednesday owing to substantial inflows of remittances and export receipts. The rupee ended Rs157.54 to the dollar from the previous day’s closing of Rs157.74 in the interbank foreign exchange market. Currency experts said that the market witnessed inflows of remittances from overseas Pakistanis who…
Written by
-
SBP issues customers exchange rates on June 30, 2021
KARACHI: The State Bank of Pakistan (SBP) on Wednesday 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…
Written by
-
Rupee gains 48 paisas against dollar
KARACHI: The Pak Rupee appreciated by 48 paisas against the dollar on Tuesday owing to inflows of export receipts and workers remittances. The rupee ended at Rs157.74 to the dollar as compared with the previous day’s closing of Rs158.22 in the interbank foreign exchange market. A day earlier the rupee fell by 60 paisas against…
Written by
-
KIBOR rates on June 29, 2021
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued following Karachi Interbank Offered Rates (KIBOR) on June 29, 2021. Tenor BID OFFER 1 – Week 6.89 7.39 2 – Week 6.94 7.44 1 – Month 7.01 7.51 3 – Month 7.20 7.45 6 – Month 7.43 7.68 9 – Month 7.50 8.00 1 – Year…
Written by
-
SBP issues customers exchange rates on June 29, 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…
Written by
-
Extended banking hours for collection of duty, taxes on June 30
KARACHI: The State Bank of Pakistan (SBP) on Monday said that in order to facilitate the collection of duty and taxes, the banks will observe extended hours on June 30, 2021. The government receipts / duties / taxes, it has been decided that the field offices of SBP Banking Services Corporation (SBP‐BSC) and authorized branches…
Written by
-
KIBOR rates on June 28, 2021
KARACHI: State Bank of Pakistan (SBP) on Monday issued following Karachi Interbank Offered Rates (KIBOR) on June 28, 2021. Tenor BID OFFER 1 – Week 6.91 7.41 2 – Week 6.95 7.45 1 – Month 7.01 7.51 3 – Month 7.20 7.45 6 – Month 7.43 7.68 9 – Month 7.50 8.00 1 – Year…
Written by