Tag: SBP
Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
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SBP allows commission payment to foreign brokers
KARACHI: The State Bank of Pakistan (SBP) on Thursday allowed payment of commission to international broker dealers (IBD) in order facilitate foreign portfolio investment. In this regard the central bank issued a circular. The SBP said that it had been decided to allow general permission to banks or Authorized Dealers (ADs) for remitting the share…
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Pakistan’s foreign exchange reserves shrink to $17.48 bn
KARACHI: Pakistan’s foreign exchange reserves have declined to $17.48 billion by week ended April 01, 2022, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country fell by $1077 million to $17.477 billion by week ended April 01, 2022 as compared with $18.554 billion a week ago i.e. March 25,…
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SBP issues KIBOR rates – April 07, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on April 07, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.89 10.39 2 – Week 10.16 10.66 1 – Month 10.67 11.17 3 – Month 12.44 12.69 6 – Month 12.94 12.64 9 – Month 12.93 13.43…
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SBP’s customer exchange rates – April 07, 2022
KARACHI, April 07, 2022 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers on Thursday, April 07, 2022.
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SBP increases policy rate sharply by 250bps to 12.25%
KARACHI: The State Bank of Pakistan (SBP) in an unscheduled meeting held on Thursday announced a sharp increase in key policy rate by 250 basis points to 12.25 per cent from 9.75 per cent for next two months. The Monetary Policy Committee (MPC) is scheduled to be held on April 19, 2022. However, due to…
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Policy rate may rise as T-Bill yields increase sharply
KARACHI: The cut-off yield of treasury bills (T-Bills) increased sharply in an auction held on Wednesday indicating an expected rise in policy rate in upcoming monetary policy announcement scheduled for April 19, 2022. “In today’s [April 06, 2022] treasury bills auction, cut-off yields increased by 60 – 80 basis points,” according to analysts at Topline…
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SBP issues KIBOR rates – April 06, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on April 06, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.87 10.37 2 – Week 10.11 10.61 1 – Month 10.56 11.06 3 – Month 11.77 12.02 6 – Month 12.39 12.64 9 – Month 12.43 12.93…
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SBP’s customer exchange rates on April 06, 2022
Karachi, April 06, 2022 – The State Bank of Pakistan (SBP) has released the latest exchange rates for foreign currencies against the Pakistani Rupee (PKR) on Wednesday, April 06, 2022.
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SBP receives 20 applications for digital bank licenses
KARACHI: The State Bank of Pakistan (SBP) on Wednesday said that around 20 applications were received for digital bank license by end of deadline i.e. March 31, 2022. The application process registered an overwhelming response whereby SBP received twenty (20) applications from a diverse range of applicants, including domestic commercial banks, microfinance banks, electronic money…
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SBP issues KIBOR rates on April 05, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on April 05, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.85 10.35 2 – Week 10.01 10.51 1 – Month 10.59 11.09 3 – Month 11.76 12.01 6 – Month 12.29 12.54 9 – Month 12.34 12.84…
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