Tag: SBP
Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
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SBP forex reserves shrink to 1.69 months import cover
KARACHI: The official foreign exchange reserves of State Bank of Pakistan (SBP) reduced to provide only 1.69 months covers for import payment. According to details released by the SBP, the official reserves of the central bank fell by $328 million to $10.558 billion by week ended April 23, 2022 as compared with $10.886 billion a…
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Court judgment: Riba is Haram in any form
ISLAMABAD: The Federal Shariat Court has given its judgment declaring Riba as Haram in any form of transaction. The Full Bench of the Court comprising of Mr. Justice Muhammad Noor Meskanzai, Chief Justice, Mr. Justice Dr. Syed Muhammad Anwer and Mr. Justice Khadim Hussain M. Shaikh, in exercise of power under Article 203-D of the…
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SBP issues KIBOR rates – April 28, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on April 28, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 12.24 12.74 2 – Week 12.30 12.80 1 – Month 12.70 13.20 3 – Month 14.52 14.77 6 – Month 14.71 14.96 9 – Month 14.67 15.17…
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SBP’s customer exchange rates – April 28, 2022
KARACHI, April 28, 2022 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers on Thursday, April 28, 2022.
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SBP directs all banks to open on April 30 before Eid holidays
KARACHI: The State Bank of Pakistan (SBP) on Thursday directed banks to remain open on Saturday April 30, 2022 to facilitate customers ahead of Eid holidays. The central bank clarified that all banks and their branches shall remain open on Saturday, April 30, 2022 in line with SBP’s instructions embodied in BPRD Circular Letter No.…
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SBP issues KIBOR rates – April 27, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on April 27, 2022.
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SBP imposes penalty of Rs109 million on four banks
KARACHI: The State Bank of Pakistan (SBP) has imposed an amount of Rs109 million as monetary penalty on four banks for violating regulatory provisions, including anti-money laundering (AML) and countering financing of terrorism (CFT). READ MORE: SBP imposes Rs1.45 billion penalty on 18 banks in 2021 The central bank on Wednesday issued details of monetary…
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SBP’s customer exchange rates – April 27, 2022
KARACHI, April 27, 2022 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers on Wednesday, April 27, 2022.
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SBP issues KIBOR rates – April 26, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on April 26, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 12.13 12.63 2 – Week 12.24 12.74 1 – Month 12.44 12.94 3 – Month 13.41 13.66 6 – Month 13.85 14.10 9 – Month 13.78 14.28…
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SBP’s customer exchange rates – April 26, 2022
KARACHI, April 26, 2022 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers on Tuesday, April 26, 2022.
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