KARACHI: On Friday, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for December 16, 2022.
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Pakistan foreign exchange reserves ease to $12.57 billion
KARACHI: Pakistan foreign exchange reserves have eased by $12 million to $12.57 billion by week ended December 09, 2022, State Bank of Pakistan (SBP) said on Thursday.
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Karachi Interbank Offered Rates KIBOR – December 15, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on December 15, 2022.
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SBP designates three banks as D-SIBs
KARACHI: State Bank of Pakistan (SBP) on Thursday designated three banks as Domestic Systemically Important Banks (D-SIBs) for the year 2022.
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State Bank issues foreign exchange rates on December 15, 2022
KARACHI: The State Bank of Pakistan (SBP) unveiled the foreign exchange rates for December 15, 2022, providing a crucial insight into the value of the Pakistani Rupee (PKR) against various global currencies.
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Pakistan raises Rs1.66 trillion through T-bill auction
KARACHI: The government of Pakistan on Wednesday raised around Rs1.66 trillion through auction of treasury bills for deficit financing and repayment of maturity.
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Karachi Interbank Offered Rates KIBOR – December 14, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on December 14, 2022.
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Pakistan registers 10pc decline in inflow of foreign remittances
KARACHI: Pakistan has registered around 10 per cent decline in inflows of foreign remittances during first five months (July – November) of current fiscal year.
According to data released by State Bank of Pakistan (SBP) on Wednesday, the inflows of workers remittances declined to $12 billion during first five months of the current fiscal year as compared with $13.29 billion, showing a decrease of 9.7 per cent.
READ MORE: Pakistan remittances decline by 15.7% in October 2022
Experts in financial markets said that overseas Pakistanis were reluctant to send money due to prevailing uncertain exchange rate. Besides, many overseas Pakistanis have option to send their money through informal channels in order to get better exchange rate.
READ MORE: Home remittances decline to $7.68 billion in 1QFY23
The interbank foreign exchange market closed at PKR 224.71 to the dollar on Wednesday December 14, 2022. Whereas, the dollars are not available in the open market and if available the exchange rate has gap of PKR 20 to PKR 30 comparing interbank rates.
READ MORE: Pakistan remittances from Saudi Arabia fall by 7.5% in two months
A sharp decline of 14.23 per cent in inflow of remittances has been recorded in November 2022, when the country received $2.11 billion as compared with $2.46 billion in the same month of the last year.
Similarly, the remittances witnessed a decline of 4.52 per cent on Month on Month (MoM) basis as the country received $2.21 billion in the month of October 2022.
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State Bank issues foreign exchange rates on December 14, 2022
KARACHI: The State Bank of Pakistan (SBP) has disclosed the foreign exchange rates for December 14, 2022, shedding light on the strength of the Pakistani Rupee (PKR) against various international currencies.
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Karachi Interbank Offered Rates KIBOR – December 13, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on December 13, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 15.94 16.44 2 – Week 15.99 16.49 1 – Month 16.06 16.56 3 – Month 16.62 16.87 6 – Month 16.71 16.96 9 – Month 16.74 17.24 1 – Year 16.76 17.26 READ MORE: Karachi Interbank Offered Rates KIBOR – December 12, 2022