The State Bank of Pakistan (SBP) has released the foreign exchange rates for September 08, 2022, providing customers with a basis for their international transactions.
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SBP issues KIBOR rates – September 07, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on September 07, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 14.79 15.29 2 – Week 14.87 15.37 1 – Month 15.04 15.54 3 – Month 15.67 15.92 6 – Month 15.75 16.00 9 – Month 15.80 16.30 1 – Year 15.84 16.34 -
State Bank’s foreign exchange rates – September 07, 2022
KARACHI – The State Bank of Pakistan (SBP) has provided customers with the latest foreign exchange rates for September 07, 2022.
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Suzuki Motor announces further plant shutdown in Pakistan
KARACHI: Pak Suzuki Motor Company Limited has announced further plant shut down due to shortage of raw material following restriction imposed by the central bank.
The company in a communication sent to Pakistan Stock Exchange (PSX) on September 06, 2022, stated that the State Bank of Pakistan (SBP) had introduced a mechanism for prior approval for import under HS Code 8703 category including CKD through a circular No. 09 of 2022 dated May 2022.
READ MORE: Suzuki Motor Pakistan continues plant shutdown
Restriction had adversely impacted clearance of import consignment which resultantly affected the inventory levels, the company added.
Therefore, due to shortage of inventory level, the management of the company has decided to shut down period of automobile plant till September 09, 2022.
“However, due to continued shortage of CKD raw material, management decided to extend the shutdown of automobile plant from September 12, 2022 to September 16, 2022,” the company said, added that the motorcycle plant will remain operative.
READ MORE: Suzuki Motors extends plant shutdown in Pakistan
“Further, in lieu of periodic maintenance, the automobile plant will also be shut down from September 19, 2022 to September 23, 2022. However, motorcycle plant will remain operative,” it added.
Pak Suzuki Motor Company Limited is facing severe shortage of raw material for the past couple of months. Previously, the company announced a temporary shutdown of its production plant due restriction on imports imposed by the government.
READ MORE: New prices of Suzuki cars in Pakistan from August 16, 2022
It stated that State Bank of Pakistan (SBP) had introduced a mechanism for prior approval for import under HS Code 8703 category (including CKDs) vide Circular No. 09 of 2022 dated May 20, 2022. “Restriction had adversely impacted clearance of import consignment which resultantly affected the inventory levels,” it added.
READ MORE: Suzuki Motors warns plant shutdown in Pakistan
The company further stated that due to shortage of inventory level, the senior management of the company had decided to temporarily shut down its production plant of automobile products from August 18, 2022 to August 19, 2022.
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SBP issues KIBOR rates – September 06, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on September 06, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 14.81 15.31 2 – Week 14.89 15.39 1 – Month 15.06 15.56 3 – Month 15.66 15.91 6 – Month 15.74 15.99 9 – Month 15.80 16.30 1 – Year 15.85 16.35 -
State Bank’s foreign exchange rates – September 06, 2022
The State Bank of Pakistan (SBP) has unveiled the foreign exchange rates for September 06, 2022, offering a comprehensive overview of the buying and selling prices of various foreign currencies in Pakistani Rupees (PKR).
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State Bank signs deal to analyze property prices
KARACHI: The State Bank of Pakistan (SBP) has signed a memorandum of understanding (MoU) with Zameen.com according to which the latter will provide data on the prices and rental costs of residential and commercial properties in the country’s metropolitan areas.
“This data will subsequently be used by SBP to analyze house prices, develop related indices and use the information in its publications, working papers and reports. The aggregate house price and rental indices will also be available on SBPs data portal – Easydata for the last four years,” the central bank said in a statement on Tuesday.
READ MORE: SBP bars banks from taking service charges on flood donations
On the signing of this MoU, Deputy Governor (Policy) Dr. Murtaza Syed, expressed his pleasure and opined that real-estate sector is under researched in Pakistan due to a number of factors including paucity of available data.
He said that in the absence of dependable information on price trends in the real sector, the understanding of households’ asset allocation decisions become difficult. He hoped that the MoU between the two entities will greatly help to fill these gaps.
Zameen.com CEO, Zeeshan Ali Khan, while sharing his thoughts said that he was delighted to have entered into a partnership with the SBP to provide invaluable data to help it make informed decisions and draft effective policies.
READ MORE: Complaints against banks for refusing flood donations
He further said that this engagement with the Central Bank is a testament to the usefulness of the work done by Zameen.com in digitizing and transforming the country’s real estate industry.
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SBP issues KIBOR rates – September 05, 2022
KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as on September 05, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 14.84 15.34 2 – Week 14.91 15.41 1 – Month 15.07 15.57 3 – Month 15.66 15.91 6 – Month 15.75 16.00 9 – Month 15.80 16.30 1 – Year 15.84 16.34 -
State Bank’s foreign exchange rates – September 05, 2022
The State Bank of Pakistan (SBP) has released the foreign exchange rates for September 05, 2022, presenting crucial information on the buying and selling prices of various foreign currencies in Pakistani Rupees (PKR).
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SBP issues KIBOR rates – September 02, 2022
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as on September 02, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 14.93 15.43 2 – Week 14.99 15.49 1 – Month 15.09 15.59 3 – Month 15.66 15.91 6 – Month 15.75 16.00 9 – Month 15.79 16.29 1 – Year 15.84 16.34