KARACHI: On June 16, 2022, the State Bank of Pakistan (SBP) released the foreign exchange rates for customers.
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SBP issues KIBOR rates – June 15, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on June 15, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 13.70 14.20 2 – Week 13.76 14.26 1 – Month 13.91 14.41 3 – Month 14.62 14.87 6 – Month 15.39 15.64 9 – Month 15.46 15.96 1 – Year 15.49 15.99 -
SBP renews status of credit rating agencies
KARACHI: The State Bank of Pakistan (SBP) has renewed the status of credit rating agencies operating in the country.
In a statement issued on Wednesday, the central bank said that it renewed the status of VIS and PACRA as Eligible External Credit Assessment Institutions (ECAIs).
It further said that the status of both credit rating agencies operating in Pakistan namely “VIS Credit Rating Company Limited (VIS)” and “The Pakistan Credit Rating Agency Limited (PACRA)” as eligible / recognized External Credit Assessment Institutions (ECAIs) for the calendar year 2022.
Banks and DFIs using the standardized approach of Basel framework are allowed to use credit ratings assigned by VIS and PACRA for CAR calculation purposes, the SBP said.
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SBP’s customer forex rates – June 15, 2022
KARACHI: On June 15, 2022, the State Bank of Pakistan (SBP) published the foreign exchange rates for customers.
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SBP issues KIBOR rates – June 14, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on June 14, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 13.71 14.21 2 – Week 13.76 14.26 1 – Month 13.90 14.40 3 – Month 14.60 14.85 6 – Month 15.38 15.63 9 – Month 15.45 15.95 1 – Year 15.47 15.97 -
SBP’s customer forex rates – June 14, 2022
KARACHI: On June 14, 2022, the State Bank of Pakistan (SBP) released the foreign exchange rates for customers.
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SBP issues KIBOR rates – June 13, 2022
KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as on June 13, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 13.69 14.19 2 – Week 13.75 14.25 1 – Month 13.91 14.41 3 – Month 14.57 14.82 6 – Month 15.38 15.63 9 – Month 15.43 15.93 1 – Year 15.45 15.95 -
SBP’s customer forex rates – June 13, 2022
KARACHI: On June 13, 2022, the State Bank of Pakistan (SBP) unveiled the foreign exchange rates for customers, based on the weighted average rates of commercial banks.
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SBP issues KIBOR rates – June 10, 2022
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as on June 10, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 13.71 14.21 2 – Week 13.77 14.27 1 – Month 13.90 14.40 3 – Month 14.58 14.83 6 – Month 15.39 15.64 9 – Month 15.43 15.93 1 – Year 15.46 15.96 -
Pakistan receives $28.41 billion as workers remittances in 11 months
KARACHI: The inflow of workers’ remittances recorded an increase of 6.25 per cent to $28.41 billion during the first 11 months (July – May) 2021/2022, State Bank of Pakistan (SBP) said on Friday.
The country received an amount of $26.74 billion in the same period of the last fiscal year.
READ MORE: SBP issues instructions on Hajj related outward remittances
The inflows in May 2022 recorded $2.33 billion when compared with $3.12 billion in April 2022, showing a decline of 25 per cent. The remittances in May 2022 also fell by 6.8 per cent when compared with $2.5 billion received in May 2021.
Remittances in May 2022 were mainly sourced from Saudi Arabia ($542 million), United Arab Emirates ($435 million), United Kingdom ($354 million) and the United States of America ($233 million).
READ MORE: SBP jacks up policy rate by 6.75% to 13.75%
Pakistani workers residing in the US sent an amount of $2.79 billion during the first 11 months of the current fiscal year as compared with $2.35 billion in the same months of the last fiscal year, showing a growth of 18.5 per cent. Similarly, inflows of remittances from the UK registered a growth of 8.5 per cent to $4.02 billion during the period under review as compared with $3.71 billion in the same period of fiscal year 2020/2021.
The Pakistani workers living in the UAE sent an amount of $5.33 billion during July – May 2021/2022 as against $5.61 billion in the corresponding period of the last fiscal year, showing a decline of 5 per cent.
READ MORE: SBP lifts quarantine requirement for banknotes
The inflows from Saudi Arabia remained flat at $7.06 billion during the first eleven months of the current fiscal year as compared with $7.04 billion in the same period of the last fiscal year.