Tag: SBP
Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
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SBP intervention sought to stop further rupee devaluation
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) Tuesday urged the central bank to immediate intervene in to stop further devaluation of Pakistan rupee (PKR). In a statement KCCI President Muhammad Idrees expressed deep concerns over continuous devaluation of rupee against dollar as the foreign currency hit a new all-time high by crossing Rs186. READ…
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SBP’s customer exchange rates on April 05, 2022
KARACHI, April 05, 2022 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers on Tuesday, April 05, 2022.
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Meta, NIBAF collaborate to train women entrepreneurs
KARACHI: Meta is collaborating with the National Institute of Banking and Finance (NIBAF), a subsidiary of the State Bank of Pakistan (SBP) to train and up-skill Pakistani women entrepreneurs in order to foster sustainability and resilience of women-led businesses in the country, a statement said on Friday. The program is being implemented under the ‘Business…
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SBP issues KIBOR rates on April 01, 2022
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as of April 01, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.86 10.36 2 – Week 10.02 10.52 1 – Month 10.69 11.19 3 – Month 11.64 11.89 6 – Month 12.25 12.50 9 – Month 12.29 12.79…
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Yarn merchants urge SBP to stop rupee deterioration
KARACHI: Yarn merchants have urged the State Bank of Pakistan (SBP) to stop the rupee depreciation against the US dollar otherwise it will make industry to continue business. Chairman Pakistan Yarn Merchants Association (PYMA), Saqib Naseem and Vice Chairman Sindh Balochistan Region, Muhammad Junaid Teli, while expressing deep concern over the continuous depreciation of the…
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Customers’ exchange rates on April 01, 2022
KARACHI, April 01, 2022 – The State Bank of Pakistan (SBP) has published the exchange rates for customers on Friday, April 01, 2022.
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SBP issues bank timing during Ramadan 2022
KARACHI: The State Bank of Pakistan (SBP) on Friday issued banking office and business hours during the holy month of Ramadan ul Mubarak. During the ensuing month of Ramadan-ul-Mubarak 1443 A.H., the following office hours will be observed in the State Bank of Pakistan, which will also be followed by all banks / Development Financial…
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Pakistan’s weekly forex reserves deplete by $2.88 billion
KARACHI: Pakistan’s foreign exchange reserves have depleted by $2.88 billion in a week to $18.554 billion by week ended March 25, 2022, State Bank of Pakistan (SBP) said on Thursday.
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SBP issues KIBOR rates on March 31, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as of March 31, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.94 10.44 2 – Week 10.12 10.62 1 – Month 10.91 11.41 3 – Month 11.70 11.95 6 – Month 12.27 12.52 9 – Month 12.30 12.80…
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Customers’ exchange rates on March 31, 2022
KARACHI, March 31, 2022 – The State Bank of Pakistan (SBP) has issued the exchange rates for customers on Thursday, March 31, 2022.
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