KARACHI: The US dollar ended up by 22 paisas against the Pakistani Rupee (PKR) on Tuesday to end at PKR 221.91 in interbank foreign exchange market. The exchange rate ended with 22 paisas decline in rupee value to end at PKR 221.91 to the dollar from last day’s closing of PKR 221.69 in the interbank […]
KARACHI: The US dollar extended gain against the Pakistani Rupee (PKR) on Monday amid falling foreign exchange reserves of the country. The exchange rate ended with five paisas decline in rupee value to end at PKR 221.69 to the dollar from last Friday’s closing of PKR 221.64 in the interbank foreign exchange market. READ MORE: […]
State Bank of Pakistan
KARACHI: State Bank of Pakistan (SBP) on Friday introduced a reporting system for illegal foreign exchange activity. The central bank said in order to promote an environment of accountability and integrity, State Bank of Pakistan (SBP) has introduced a dedicated email address i.e. (WhistleBlowing.FX@sbp.org.pk), using which public at large can report to SBP any unauthorized […]
State Bank of Pakistan
KARACHI: Inflow of workers remittances has declined by 15.7 per cent in the month of October 2022 when compared with the same month of the last year, according to data released by State Bank of Pakistan (SBP) on Friday. READ MORE: Home remittances decline to $7.68 billion in 1QFY23 The inflows of home remittances fell […]
KARACHI: Pakistani Rupee (PKR) slipped against the US dollar on Friday owing to massive decline in foreign exchange reserves of the country. The exchange rate witnessed a decline of 22 paisas in rupee value to end at PKR 221.64 to the dollar from previous day’s closing of PKR 221.42 in interbank foreign exchange market. READ […]
State Bank of Pakistan
KARACHI: State Bank of Pakistan (SBP) has allowed banks to issue corporate cards to their business customers for making cross-border commercial payments. The SBP through a circular dated November 08, 2022 issued to presidents and chief executives of authorized dealers (ADs) in foreign exchange said that banks desirous to facilitate their business customers may issue […]
KARACHI: Pakistani Rupee (PKR) made recovery against the US dollar on Monday as the government imposed limit on taking cash dollar out of Pakistan. The exchange rate recorded a gain of 23 paisas in rupee value to end at PKR 221.42 from last closing of PKR 221.65 on November 08, 2022 in interbank foreign exchange […]
ISLAMABAD: Finance Minister Senator Muhammed Ishaq Dar Wednesday said that State Bank of Pakistan (SBP) and National Bank of Pakistan (NBP) will withdraw their petitions from the Supreme Court of Pakistan against the judgment of Federal Shariat Court in which the Court had ordered implementation of interest-free (Riba free) banking system in the country. READ […]
State Bank of Pakistan
KARACHI: State Bank of Pakistan (SBP) on Wednesday launched environment and social risk management manual at a conference. The central bank organized a Sustainable Banking Conference, in collaboration with IFC, a member of the World Bank Group. The objective of the conference was to create critically needed awareness related to climate change and sustainability within […]
State Bank of Pakistan
KARACHI: State Bank of Pakistan (SBP) on Tuesday restricted the amount of foreign currency in cash up to equivalent to USD 5,000 from USD 10,000. The central bank issued a circular stating that it had reviewed the existing foreign currency cash carrying limits for travel purposes, and decided to further rationalize the same. As per […]