Karachi, December 8, 2023 – In an effort to streamline the application process for Hajj 2024, the State Bank of Pakistan (SBP) has directed 15 authorized banks to open their branches on both Saturday and Sunday.
(more…)Tag: SBP
Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
-
SBP Releases Foreign Exchange Rates for December 8, 2023
KARACHI, December 8, 2023 – The State Bank of Pakistan (SBP) has unveiled the foreign exchange rates for customers on December 8, 2023.
(more…) -
Pakistan Records $286 Million Decline in Weekly Foreign Exchange Reserves
Karachi, December 7, 2023 – Pakistan faced a significant setback in its economic indicators as it witnessed a substantial decline of $286 million in foreign exchange reserves for the week ending December 1, 2023.
(more…) -
Government Bank Borrowing Surges by 154% in Current Fiscal Year
Karachi, December 7, 2023 – The government’s borrowing from banks has witnessed a substantial increase, surging by 154 percent during the first four months of the current fiscal year.
(more…) -
SBP Releases Foreign Exchange Rates for December 7, 2023
KARACHI, December 7, 2023 – The State Bank of Pakistan (SBP) has unveiled the foreign exchange rates for customers on December 7, 2023.
(more…) -
SBP Releases Foreign Exchange Rates for December 6, 2023
KARACHI, December 6, 2023 – The State Bank of Pakistan (SBP) has unveiled the foreign exchange rates for customers on December 6, 2023.
(more…) -
Pakistan Witnesses Surge in Total Debt to Rs 62.48 Trillion by October 2023
-
State Bank of Pakistan Launches Raast Person to Merchant Service to Boost Digital Payments
Karachi, December 5, 2023 –The State Bank of Pakistan (SBP) officially unveiled the Raast Person to Merchant (P2M) Service on Tuesday for advancing digital payment solutions in Pakistan.
(more…) -
SBP Proposes Regulatory Sandbox to Propel Digital Financial Services Innovation
Karachi, December 5, 2023 – In a strategic move to foster innovation in the digital financial services (DFS) sector, the State Bank of Pakistan (SBP) unveiled a draft regulatory sandbox on Tuesday, encouraging stakeholders to provide feedback before the finalization of the regulatory and technical sandboxes.
(more…) -
SBP Releases Foreign Exchange Rates for December 5, 2023
KARACHI: The State Bank of Pakistan (SBP) has published the foreign exchange rates for customers on December 5, 2023.
(more…)