Tag: SBP
Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
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SBP may increase key policy rate by 100bps: poll
KARACHI: The State Bank of Pakistan (SBP) may increase key policy rate by 100 basis points in the upcoming monetary policy announcement (MPS) on May 23, 2022. Topline Research conducted a poll from leading fund managers to assess their views on country’s economic outlook. Questions were asked on interest rate, inflation, currency, GDP growth and…
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Sending foreign exchange overseas for trading illegal: SBP
KARACHI: The State Bank of Pakistan (SBP) has said that sending foreign exchange outside Pakistan to overseas foreign exchange trading through any payment channel is not allowed. The SBP in a circular issued May 18, 2022 said that it had been observed a number of offshore foreign exchange trading, margin trading and contract for difference…
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SBP makes permission must for import of mobile phone, cars
KARACHI: The State Bank of Pakistan (SBP) has imposed condition for payment on import of mobile phones and motor cars. The SBP issued a circular related import goods making it mandatory for banks to take prior permission for releasing funds for import of motor cars, mobile phones and other machinery. READ MORE: SBP may raise…
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Current account deficit swells to $13.78 bn in 10 months
KARACHI: Pakistan’s current account deficit swelled to $13.78 billion during first 10 months (July – April) of the current fiscal year 2021/2022, State Bank of Pakistan (SBP) said on Friday May 20, 2022. The balance of payment (BoP) witnessed a deficit of $543 million in the same period of the last fiscal year. READ MORE:…
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SBP issues KIBOR rates – May 20, 2022
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as on May 20, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 12.30 12.80 2 – Week 12.53 13.03 1 – Month 13.01 13.51 3 – Month 14.41 14.66 6 – Month 14.62 14..87 9 – Month 14.61 15.11…
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SBP’s customer exchange rates – May 20, 2022
KARACHI, May 20, 2022 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers on Friday, May 20, 2022. These rates are based on the weighted average rates provided by commercial banks and are meant for informational purposes only, according to an official statement by the SBP. The data released…
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SBP issues KIBOR rates – May 19, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on May 19, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 12.25 12.75 2 – Week 12.44 12.94 1 – Month 12.95 13.45 3 – Month 14.40 14.65 6 – Month 14.59 14.84 9 – Month 14.61 15.11…
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SBP’s customer exchange rates – May 19, 2022
KARACHI, May 19, 2022 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers on Thursday, May 19, 2022. These rates are derived from the weighted average rates provided by commercial banks and are disseminated for informational purposes only, according to an official statement by the SBP. The SBP clarified…
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SBP issues KIBOR rates – May 18, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on May 18, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 12.27 12.77 2 – Week 12.44 12.94 1 – Month 13.00 13.50 3 – Month 14.90 15.15 6 – Month 14.93 15.18 9 – Month 14.73 15.23…
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SBP’s customer exchange rates – May 18, 2022
KARACHI, May 18, 2022 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers on Wednesday, May 18, 2022. These rates are determined based on the weighted average rates provided by commercial banks and are intended for informational purposes only, according to a statement by the SBP. The SBP emphasized…
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