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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Pakistan’s foreign exchange reserves improve to over $10 billion: SBP
Pakistan’s foreign exchange reserves have improved to over $10 billion by the week ended April 20, 2023, according to the State Bank of Pakistan (SBP).
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Pakistan banks to remain closed on May 01, 2023
KARACHI: The State Bank of Pakistan (SBP) has announced that all banks in the country will remain closed on May 01, 2023, in observance of Labor Day.
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SBP’s weighted average customer exchange rates on April 27, 2023
KARACHI: The State Bank of Pakistan (SBP) on Thursday issued foreign exchange rates for April 27, 2023.
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SBP instructs banks to remain open on Saturday, Sunday for tax payments
On April 26, 2023, the State Bank of Pakistan (SBP) issued special instructions to banks regarding the payment of duty and taxes.
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Karachi Interbank Offered Rates KIBOR – April 26, 2023
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on April 26, 2023.
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SBP’s weighted average customer exchange rates on April 26, 2023
KARACHI: The State Bank of Pakistan (SBP) on Wednesday issued foreign exchange rates for April 26, 2023.
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Updated list of exchange companies issued by State Bank of Pakistan
State Bank of Pakistan (SBP) has issued updated list up to April 23, 2023 of exchange companies in categories of A and B.
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Pakistan’s Forex Reserves Rise by Over $400 Million on Commercial Inflows
Pakistan’s foreign exchange reserves have increased by over $400 million to $9.965 billion by the week ended April 14, 2023, according to the State Bank of Pakistan (SBP) on Thursday.
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