Karachi, June 26, 2023 – In an unexpected move on Monday, the State Bank of Pakistan (SBP) raised the benchmark key policy rate by 100 basis points to 22 percent.
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SBP Warns Public: Prize Bonds to Become Worthless after June 30, 2023
Karachi, June 26, 2023 – The State Bank of Pakistan (SBP) issued a warning on Monday, stating that prize bonds will become worthless if not encashed before June 30, 2023.
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SBP’s weighted average customer exchange rates on June 26, 2023
Karachi, June 26, 2023: The State Bank of Pakistan (SBP) on Monday issued foreign exchange rates for June 26, 2023.
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SBP Issues Special Instructions to Banks for Duty and Tax Collection
Karachi, June 24, 2023: The State Bank of Pakistan (SBP) has issued special instructions to banks in order to facilitate taxpayers during the upcoming holidays and ensure the smooth collection of duty and taxes.
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Pakistan Withdraws Ban on Import Payments
Karachi, June 23, 2023 – In a significant move aimed at bolstering its economy, Pakistan has officially withdrawn the ban on payments for the import of goods.
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SBP’s weighted average customer exchange rates on June 23, 2023
Karachi, June 22, 2023: The State Bank of Pakistan (SBP) on Friday issued foreign exchange rates for June 23, 2023.
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Pakistan’s Foreign Exchange Reserves Plunge by $514 Million, Raising Concerns
Karachi, June 22, 2023 – Pakistan’s foreign exchange reserves have experienced a significant decline, dropping by $514 million over the past week, according to the State Bank of Pakistan (SBP).
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SBP’s weighted average customer exchange rates on June 22, 2023
Karachi, June 22, 2023: The State Bank of Pakistan (SBP) on Thursday issued foreign exchange rates for June 22, 2023.
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State Bank Revises Regulations to Enhance Scope of Electronic Money Institutions
Karachi, June 22, 2023 – The State Bank of Pakistan (SBP) has announced revised regulations for Electronic Money Institutions (EMIs) in order to broaden the outreach and scope of these innovative fintech-enabled payment companies.
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SBP Issues Warning Against Unauthorized Digital Lending Mobile Apps
Karachi, June 22, 2023 – The State Bank of Pakistan (SBP) has recently raised concerns regarding the usage of unlicensed and unauthorized digital lending mobile applications and platforms that are utilizing banking channels for loan disbursement, collection, and creditworthiness checks by integrating with customers’ bank accounts.
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