Tag: SBP
Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
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Pakistan’s foreign exchange reserves fall to $21.44 billion
KARACHI: Pakistan’s foreign exchange reserves have declined by $843 million to $21.44 billion by week ended March 18, 2022, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were $22.283 billion a week ago i.e. March 11, 2022. READ MORE: Pakistan’s forex reserves dip to $22.283 billion The foreign…
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SBP issues KIBOR rates on March 24, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as of March 24, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.89 10.39 2 – Week 10.03 10.53 1 – Month 10.70 11.20 3 – Month 11.71 11.96 6 – Month 12.22 12.47 9 – Month 12.23 12.73…
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Customers’ exchange rates on March 24, 2022
KARACHI, March 24, 2022 – The State Bank of Pakistan (SBP) has disclosed the exchange rates for Thursday, March 24, 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 issues KIBOR rates on March 22, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as of March 22, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.82 10.32 2 – Week 9.91 10.41 1 – Month 10.34 10.84 3 – Month 11.35 11.60 6 – Month 11.85 12.10 9 – Month 11.87 12.37…
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Customers’ exchange rates on March 22, 2022
KARACHI, March 22, 2022 – The State Bank of Pakistan (SBP) has disclosed the exchange rates for Tuesday, March 22, 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 challenge fund for SMEs
KARACHI: The State Bank of Pakistan (SBP) on Monday March 21, 2022, launched challenge fund for Small and Medium Enterprises (SMEs) to support innovative solutions for SME banking in the country. The central bank through a circular issued procedure for the challenge fund for SMEs (CFS). This fund in form of grant will facilitate banks…
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Banks approve housing loans worth Rs7.4 billion in event
The Mera Pakistan Mera Ghar (MPMG) housing scheme received an astounding response during a two-day event in Faisalabad, where banks granted conditional approvals for housing loans totaling approximately Rs7.4 billion.
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Court hearing on Riba-free banking in Pakistan
ISLAMABAD: The Federal Shariat Court on Monday continued hearing on the case of Riba in the country. The full bench of the court comprising of Justice Muhammad Noor Meskanzai Chief Justice, Justice Dr. Syed Muhammad Anwar and Justice Khadim Hussain M. Shaikh, in exercise of power under Article 203-D of the Constitution of Islamic Republic…
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SBP issues KIBOR rates on March 21, 2022
KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as of March 21, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.81 10.31 2 – Week 9.91 10.41 1 – Month 10.28 10.78 3 – Month 11.26 11.51 6 – Month 11.80 12.05 9 – Month 11.84 12.34…
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Customers’ exchange rates on March 21, 2022
KARACHI, March 21, 2022 – The State Bank of Pakistan (SBP) has issued the exchange rates for Monday, March 21, 2022. These rates are based on the weighted average rates of commercial banks and are provided for informational purposes only, according to the SBP.
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