Tag: SBP
Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
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SBP issues electronic money license to Careem Pay
KARACHI: State Bank of Pakistan (SBP) has granted Careem Pay with an In-Principle-Approval (IPA) for an Electronic Money Institution license (EMI). Careem has launched Careem Pay, its fintech affiliate, in Pakistan as an independent entity which plans to invest $50 million to leapfrog the fintech ecosystem in Pakistan. It will be led by Noman Khurshid…
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SBP issues KIBOR rates on March 30, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as of March 30, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.88 10.38 2 – Week 10.07 10.57 1 – Month 10.93 11.43 3 – Month 11.68 11.93 6 – Month 12.26 12.51 9 – Month 12.28 12.78…
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Nisab of Zakat fixed at Rs88,927
KARACHI: The federal government on Wednesday announced an amount of Rs88,927 as deduction of Zakat from bank accounts and deposits on the first day of the holy month of Ramzan. According to a notification issued by the Cabinet Secretariat the administrator General Zakat had notified the ‘Nisab of Zakat’ for the Zakat Year 1442-43 AH…
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Date extended for encashment of bearer prize bonds
KARACHI: The federal government has extended the last date for converting or exchanging the bearer prize bonds up to June 30, 2022. The last date for encashment of the bearer prize bonds was March 31, 2022, the State Bank of Pakistan (SBP) said on Wednesday. Through a circular, the SBP announced the extension in last…
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Customers’ exchange rates on March 30, 2022
KARACHI, March 30, 2022 – The State Bank of Pakistan (SBP) has published the exchange rates for customers on Wednesday, March 30, 2022.
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Last date March 31 for exchanging bearer prize bonds
KARACHI: The holders of bearer prize bonds can exchange or convert the securities with documented ways by March 31, 2022. Through a circular issued by the State Bank of Pakistan (SBP) on December 21, 2021 the date for exchanging the bearer prize bonds with denominations of Rs40,000, Rs25,000, Rs15,000 and Rs7,500 was extended up to…
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SBP governor visits Central Depository Company
KARACHI: Governor State Bank of Pakistan (SBP) Dr. Reza Baqir visited Central Depository Company (CDC) House to mark the successful operationalization of important projects for Pakistan Capital Market, namely Roshan Equity and RAAST for Dividend payments. The projects have been implemented in the recent past by the State Bank in collaboration with the Capital Market…
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Five-year old enterprise to be treated as start-up
KARACHI: The State Bank of Pakistan (SBP) has revised its regulatory framework concerning small and medium enterprises (SMEs), including a significant redefinition of what constitutes a start-up.
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SBP issues KIBOR rates on March 29, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as of March 29, 2022.
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Customers’ exchange rates on March 29, 2022
KARACHI, March 29, 2022 – The State Bank of Pakistan (SBP) has provided customers with the exchange rates for Tuesday, March 29, 2022.
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