Karachi, September 6, 2023 – In a significant move aimed at fortifying the financial stability of exchange companies in Pakistan, the State Bank of Pakistan (SBP) announced on Wednesday that it would be raising the minimum paid-up capital requirement for these entities from PKR 200 million to PKR 500 million.
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SBP Releases Foreign Currency Rates in Pakistani Rupee for September 6, 2023
Karachi, September 6, 2023: The State Bank of Pakistan (SBP) on Wednesday issued foreign currency rates for September 6, 2023.
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Public Debt Soars to Rs 61.75 Trillion in July 2023: State Bank of Pakistan
Karachi, September 5, 2023 – The State Bank of Pakistan (SBP) has released data indicating a significant surge in the central government’s total debt, which has reached an alarming Rs 61.75 trillion in July 2023.
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SBP Releases Foreign Currency Rates in Pakistani Rupee for September 5, 2023
Karachi, September 5, 2023: The State Bank of Pakistan (SBP) on Tuesday issued foreign currency rates for September 5, 2023.
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State Bank Issues Foreign Exchange Rates in Pakistan for September 4, 2023
Karachi, September 4, 2023: The State Bank of Pakistan (SBP) on Monday issued foreign exchange rates for September 4, 2023.
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Pakistan’s First Instant Payment System Undergoes Upgradation
Karachi, September 2, 2023 – Pakistan’s groundbreaking instant payment system, Raast, is set to undergo a major system upgrade, temporarily rendering it unavailable to the public, according to an announcement by the State Bank of Pakistan (SBP).
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State Bank Issues Foreign Exchange Rates in Pakistan for September 1, 2023
Karachi, September 1, 2023: The State Bank of Pakistan (SBP) on Friday issued foreign exchange rates for September 1, 2023.
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Next Monetary Policy Meeting Confirmed for September 14: SBP
Karachi, September 1, 2023 – The State Bank of Pakistan (SBP) has officially dismissed rumors of an unscheduled monetary policy committee (MPC) meeting and reaffirmed that the next review of interest rates will take place on September 14, 2023.
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Pakistan’s Weekly Foreign Exchange Reserves Drop by $77 Million
Karachi, August 31, 2023 – Pakistan’s foreign exchange reserves have witnessed a decline of $77 million in just one week, according to a statement by the central bank on Thursday.
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