Karachi, September 8, 2023 – Analysts have reported that Pakistani banks have raised lending costs to a record high of 24.62 percent, indicating potential actions by the central bank to increase its benchmark policy rate to an all-time high in the near future.
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Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
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Pakistan Facilitates Conversion of Rs 5 Billion Worth Unregistered Prize Bonds
Karachi, September 8, 2023 – Pakistan has taken steps to facilitate its citizens in converting unregistered prize bonds worth approximately Rs 5 billion, with a deadline set for the end of June next year.
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Pakistan’s Foreign Exchange Reserves Decline to $13.13 Billion
Karachi, September 7, 2023 – Pakistan’s foreign exchange reserves have seen a decline, with the State Bank of Pakistan (SBP) reporting that the reserves stood at approximately $13.13 billion as of the week ending September 1, 2023.
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SBP Releases Foreign Currency Rates in Pakistani Rupee for September 7, 2023
Karachi, September 7, 2023: The State Bank of Pakistan (SBP) on Thursday issued foreign currency rates for September 7, 2023.
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State Bank of Pakistan Introduces Reforms in Exchange Companies
Islamabad, September 6, 2023 – The State Bank of Pakistan (SBP) has initiated a series of structural reforms aimed at enhancing the monitoring and governance of exchange companies operating within the country.
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SBP Enhances Minimum Paid-Up Capital Requirement for Exchange Companies to PKR 500 Million
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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Pakistan Extends Redemption Deadline for Unregistered Prize Bonds
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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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