Tag: SBP
Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
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Riba case adjourned to April 04
KARACHI: The full bench of Federal Shariat Court continued hearing of Riba case in the bench registry at Karachi on March 25 and 26, 2022. The full bench comprises of Chief Justice Muhammad Noor Meskanzai, Honourable Justice Dr. Syed Muhammad Anwer and Honourable Justice Khadim Hussain M. Shakih. READ MORE: Court hearing on Riba-free banking…
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Bank holiday declared for Zakat deduction
KARACHI: The State Bank of Pakistan (SBP) on Monday declared bank holiday on Monday April 04, 2022 for deduction of Zakat. In a statement, the central bank said it will remain closed for public dealing on Monday, April 4, 2022, which shall be observed as “Bank Holiday” for the purpose of deduction of Zakat. READ…
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SBP issues KIBOR rates on March 28, 2022
KARACHI: March 28, 2022 – The State Bank of Pakistan (SBP) on Monday announced the latest Karachi Interbank Offered Rates (KIBOR), a key benchmark used by financial institutions to determine borrowing costs for businesses and consumers.
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Customers’ exchange rates on March 28, 2022
KARACHI, March 28, 2022 – The State Bank of Pakistan (SBP) has published the exchange rates for Monday, March 28, 2022. These rates are determined based on the weighted average rates of commercial banks and are provided for informational purposes only, according to the SBP.
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IR offices to work till midnight on March 31
ISLAMABAD: The offices of Inland Revenue (IR) will observe extended working hours on last two days of the current month and facilitate tax payment till midnight on March 31, 2022.
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SBP issues KIBOR rates on March 25, 2022
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as of March 25, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.86 10.36 2 – Week 10.07 10.57 1 – Month 10.82 11.32 3 – Month 11.71 11.96 6 – Month 12.24 12.49 9 – Month 12.27 12.77…
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SBP takes regulatory action against exchange company
KARACHI: The State Bank of Pakistan (SBP) has taken regulatory actions against an exchange company and suspended its operations, according to a statement issued on Friday. The central bank suspended with immediate effect the authorization of an Exchange Company namely M/s. Noble Exchange International (Pvt) Limited till further orders for violation of SBP rules and…
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Banks to observe extended hours for tax collection
The State Bank of Pakistan (SBP) has directed banks to observe extended working hours on the last two days of March 2022. This decision aims to streamline the tax payment process and provide convenience to individuals and businesses fulfilling their financial obligations.
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Customers’ exchange rates on March 25, 2022
KARACHI, March 25, 2022 – The State Bank of Pakistan (SBP) has disclosed the exchange rates for Friday, March 25, 2022. These rates are established on the weighted average rates of commercial banks and are presented for informational purposes only, as stated by the SBP.
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SBP launches report on SDGs from banking perspective
KARACHI: Dr. Reza Baqir, Governor State Bank of Pakistan (SBP) has unveiled a report titled ‘SDGs and sustainability report – Pakistan banking sector perspective’ in Dubai on March 23, 2022, the central bank said on Friday. The report was launched in an event on the theme ‘The Future of Green and Sustainable Finance – The…
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