Karachi, November 16, 2022 – The State Bank of Pakistan (SBP) has released the foreign exchange rates for today, providing valuable information about the buying and selling prices of various foreign currencies against the Pakistan Rupee (PKR).
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Karachi Interbank Offered Rates KIBOR – November 15, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on November 15, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 14.93 15.43 2 – Week 14.98 15.48 1 – Month 15.04 15.54 3 – Month 15.49 15.74 6 – Month 15.60 15.85 9 – Month 15.62 16.12 1 – Year 15.64 16.14 READ MORE: Karachi Interbank Offered Rates KIBOR – November 14, 2022
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State Bank issues foreign exchange rates on November 15, 2022
KARACHI, November 15, 2022 – The State Bank of Pakistan (SBP) has released the foreign exchange rates for November 15, 2022.
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Karachi Interbank Offered Rates KIBOR – November 14, 2022
KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as on November 14, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 14.91 15.41 2 – Week 14.96 15.46 1 – Month 15.02 15.52 3 – Month 15.49 15.74 6 – Month 15.59 15.84 9 – Month 15.61 16.11 1 – Year 15.64 16.14 READ MORE: Karachi Interbank Offered Rates KIBOR – November 11, 2022
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State Bank issues foreign exchange rates on November 14, 2022
Karachi, November 14, 2022 – The State Bank of Pakistan (SBP) has published the foreign exchange rates for today, shedding light on the buying and selling prices of various foreign currencies against the Pakistan Rupee (PKR).
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FBR, SBP discuss stuck-up consignments, LC opening
Islamabad: In a collaborative effort to address challenges related to stuck-up consignments and the opening of Letters of Credit (LCs), the Federal Board of Revenue (FBR) and the State Bank of Pakistan (SBP) engaged in discussions on Friday.
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SBP introduces reporting system for illegal foreign exchange activity
KARACHI: State Bank of Pakistan (SBP) on Friday introduced a reporting system for illegal foreign exchange activity.
The central bank said in order to promote an environment of accountability and integrity, State Bank of Pakistan (SBP) has introduced a dedicated email address i.e. ([email protected]), using which public at large can report to SBP any unauthorized foreign exchange activity.
This email may also be used to report any unauthorized activity carried out by an exchange company or where exchange company is not providing system generated receipt of the currency exchange transaction.
While reporting an unauthorized foreign exchange activity, the complainant is expected to provide facts and as much specific information and particulars as possible to examine the matter thoroughly.
They are also expected to refrain from rumor mongering, speculation, false and frivolous allegations/accusations. The disclosure of identity for utilizing this forum is voluntary; however, if shared the identity will be kept confidential. The public at large is encouraged to be judicious in reporting incidents.
Further, if a person faces any issue in dealing with exchange companies, he/she may share the concerns at [email protected].
Examples of such issues may include but are not limited to sale/purchase of foreign currency notes by Exchange Companies issuing receipts which are not system generated, charging exorbitantly high exchange rate over those displayed on the notice board, denial of genuine requests of the customer for provision of foreign currencies, etc.
Foreign Exchange business in Pakistan is regulated by State Bank of Pakistan (SBP) under Foreign Exchange Regulation Act, 1947. Under the aforesaid Act, SBP has authorized twenty six Exchange Companies of “A” category and twenty Exchange Companies of “B” category to deal in foreign exchange business including sale purchase of foreign currency notes. The list of authorized outlets of exchange companies of “A” & “B” category can be accessed at the following link: https://www.sbp.org.pk/epd/pdf/NetworkExchangeCompaniesSector.pdf
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Karachi Interbank Offered Rates KIBOR – November 11, 2022
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as on November 11, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 14.84 15.34 2 – Week 14.93 15.43 1 – Month 15.02 15.52 3 – Month 15.48 15.73 6 – Month 15.59 15.84 9 – Month 15.61 16.11 1 – Year 15.64 16.14 READ MORE: Karachi Interbank Offered Rates KIBOR – November 10, 2022
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Pakistan remittances decline by 15.7% in October 2022
KARACHI: Inflow of workers remittances has declined by 15.7 per cent in the month of October 2022 when compared with the same month of the last year, according to data released by State Bank of Pakistan (SBP) on Friday.
READ MORE: Home remittances decline to $7.68 billion in 1QFY23
The inflows of home remittances fell to $2.215 billion in October 2022 when compared with $2.628 billion in the same month of the last year.
The remittances in October 2022 also witnessed a fall of 9 per cent when compared with $2.437 billion received during the month of September 2022.
READ MORE: Pakistan remittances from Saudi Arabia fall by 7.5% in two months
Remittances inflows during October 2022 were mainly sourced from Saudi Arabia ($570.5 million), the United Arab Emirates ($427 million), the United Kingdom ($278.8 million) and the United States of America ($253.1 million).
The cumulative inflow declined by 8.6 per cent to $9.9 billion during first four months of the current fiscal year.
READ MORE: State Bank signs deal to analyze property prices
The inflow of remittances has been recorded at $9.9 billion during July – October of current fiscal year 2022/2023 as compared with $10.83 billion in the corresponding period of the last fiscal year.
READ MORE: SBP bars banks from taking service charges on flood donations
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State Bank issues foreign exchange rates on November 11, 2022
Karachi, November 11, 2022 – The State Bank of Pakistan (SBP) has released the foreign exchange rates for today, providing insight into the buying and selling prices of various foreign currencies against the Pakistan Rupee (PKR).
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