Tag: SBP
Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
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SBP governor inaugurates Meezan Roshan Digital Center
KARACHI: The Acting Governor of State Bank of Pakistan (SBP) Dr. Murtaza Syed has inaugurated Meezan Roshan Digital Center, which is built for catering the needs of Roshan Digital Account holders. The acting SBP governor recently visited Meezan Bank’s Head Office in Karachi along with the Deputy Governor Ms. Sima Kamil and the Bank’s senior…
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SBP issues KIBOR rates – May 24, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on May 24, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 13.68 14.18 2 – Week 13.72 14.22 1 – Month 13.82 14.32 3 – Month 14.44 14.69 6 – Month 14.61 14.86 9 – Month 14.60 15.10…
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SBP cuts car loan tenure to three years
KARACHI: The State Bank of Pakistan (SBP) on Tuesday reduced the tenure for car loan to three years from five years in order to curb demand to support balance of payment and devaluation of Pakistan Rupee (PKR). The SBP issued Circular No. 19 of 2022 to amend prudential regulations related to consumer financing. READ MORE:…
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SBP’s customer exchange rates – May 24, 2022
KARACHI, May 24, 2022 — The State Bank of Pakistan (SBP) has disclosed the foreign exchange rates for customers on Tuesday, May 24, 2022. These rates are computed based on the weighted average rates of commercial banks, providing valuable insights into the prevailing conditions of the foreign exchange market.
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SBP raises rates of financing schemes by 200 bps
KARACHI: The State Bank of Pakistan (SBP) on Monday enhanced rates for financing schemes sharply by 200 basis points following massive increase in key policy rate. The SBP increased the mark up rate for financing under Export Finance Scheme (EFS) from 5.5 per cent per annum to 7.5 per cent per annum. Similarly, mark up…
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SBP issues KIBOR rates – May 23, 2022
KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as on May 23, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 12.44 12.94 2 – Week 12.59 13.09 1 – Month 13.08 13.58 3 – Month 14.43 14.68 6 – Month 14.66 14.91 9 – Month 14.63 15.13…
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SBP increases interest rate by 150bps to 13.75%
KARACHI: The State Bank of Pakistan (SBP) on Monday raised the benchmark interest rate by 150 basis points to 13.75 per cent from 12.25 per cent following the announcement made by the Monetary Policy Committee (MPC). The SBP said that in today’s meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by…
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SBP’s customer forex rates – May 23, 2022
KARACHI, May 23, 2022 — The State Bank of Pakistan (SBP) has unveiled the foreign exchange rates for customers on Monday, May 23, 2022. These rates, determined based on the weighted average rates of commercial banks, offer valuable insights into the current state of the foreign exchange market.
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National Savings connects with Raast payment system
KARACHI: State Bank of Pakistan (SBP) on Sunday announced successful integration of Central Directorate of National Savings (CDNS) with Raast payment system. “Now customers of CDNS can receive their payments directly into their bank accounts without going to branches,” the SBP said. READ MORE: SBP launches free P2P money transfer under Raast Through this integration…
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Foreign investment falls by 57% in 10MFY22: SBP
KARACHI: The inflow of foreign investment into Pakistan fell by over 57 per cent during first 10 months (July – April) 2021/2022 owing to political uncertainty and change of government during the period, according to State Bank of Pakistan (SBP). The total inflow of foreign investment during the period fell to $1.57 billion as compared…
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