The State Bank of Pakistan (SBP) has cancelled the authorization/license of M/s. Mega Currency Exchange Company ‘B’ (Pvt.) Limited on May 03, 2023.
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SBP hosts 43rd SAARCFINANCE Governors’ Group Meeting
The 43rd SAARCFINANCE Governors’ Group Meeting was held on May 2, 2023, in Islamabad, with Jameel Ahmad, Governor of the State Bank of Pakistan (SBP), chairing the meeting.
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SBP’s weighted average customer exchange rates on May 03, 2023
KARACHI: The State Bank of Pakistan (SBP) on Wednesday issued foreign exchange rates for May 03, 2023.
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SBP’s weighted average customer exchange rates on May 02, 2023
KARACHI: The State Bank of Pakistan (SBP) on Tuesday issued foreign exchange rates for May 02, 2023.
READ MORE: Today foreign currency rates in PKR – May 02, 2023
The exchange rate is on the basis of weighted average rates of commercial banks.
Following are the buying and selling of foreign currencies in Pakistan Rupee (PKR):
CURRENCY BUYING SELLING UAE Dirham (AED) 77.2959 77.4022 Australian Dollar (AUD) 190.0465 190.3169 Canadian Dollar (CAD) 209.5175 209.8170 Swiss Franc (CHF) 316.5641 317.0240 Chinese Yuan (CNY) 41.0377 41.0920 Euro (EUR) 311.8682 312.3273 UK Pound (GBP) 354.6255 355.1406 Japanese Yen (JPY) 2.0613 2.0642 Saudi Riyal (SAR) 75.6520 75.7585 US Dollar (USD) 283.6584 284.0745 READ MORE: SBP’s weighted average customer exchange rates on April 28, 2023
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SBP slaps monetary penalty on United Bank for regulatory violations
The State Bank of Pakistan (SBP) has recently taken disciplinary action against United Bank Limited (UBL) for violating various regulatory provisions.
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Foreign investors discuss dividend repatriation with SBP governor
State Bank Pakistan (SBP) Governor, Jameel Ahmed, has met with foreign investors to discuss the ongoing exchange rate crisis and dividend and profit repatriation issues, according to a statement issued on Saturday.
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State Bank clarifies Rs75 banknote is not being withdrawn
KARACHI: State Bank of Pakistan (SBP) has issued a clarification regarding Rs75 banknote after some reports suggested that this currency note is going to withdrawn.
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SBP’s weighted average customer exchange rates on April 28, 2023
KARACHI: The State Bank of Pakistan (SBP) on Friday issued foreign exchange rates for April 28, 2023.
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SBP imposes Rs14.61 million monetary penalty on National Bank
The State Bank of Pakistan (SBP) has imposed a monetary penalty of Rs14.61 million on the National Bank of Pakistan (NBP) for violating various regulatory provisions during the first quarter of the calendar year 2023.
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Restrictions in Pakistan cause 82% plunge in profit, dividend repatriation by MNCs
The repatriation of profit and dividends by multinational companies (MNCs) operating in Pakistan has witnessed a significant decline due to restrictions imposed by the country.
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