Karachi, October 22, 2021: The State Bank of Pakistan (SBP) has released the official exchange rates for Friday, October 22, 2021.
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SBP’s foreign exchange reserves fall by $1.64 billion
KARACHI: The official foreign exchange reserves of the State Bank of Pakistan (SBP) sharply fell by 1.642 billion by the week ended October 15, 2021.
The foreign exchange reserves of the central bank were $25.969 billion by the week ended October 8, 2021, the SBP said on Thursday.
The central bank attributed the decline in foreign exchange reserves to external debt repayment, which included repayment of $1 billion against Pakistan International Sukuk.
The total liquid foreign exchange reserves fell $1.642 billion by the week ended October 15, 2021, when compared with the previous week. The country’s foreign exchange reserves fell to $24.327 billion by the week ended October 15, 2021, as compared with $25.969 billion a week ago.
The foreign exchange reserves held by commercial banks registered an increase of $4 million to $6.835 billion when compared with $6.831 billion a week ago.
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KIBOR rates on October 21, 2021
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the following Karachi Interbank Offered Rates (KIBOR) on October 21, 2021.
Tenor BID OFFER 1 – Week 7.22 7.72 2 – Week 7.26 7.76 1 – Month 7.33 7.83 3 – Month 8.08 8.33 6 – Month 8.44 8.69 9 – Month 8.71 9.21 1 – Year 8.93 9.43 -
SBP issues customers exchange rates for October 21
Karachi, October 21, 2021: The State Bank of Pakistan (SBP) has issued the official exchange rates for Thursday, October 21, 2021.
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KIBOR rates on October 20, 2021
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the following Karachi Interbank Offered Rates (KIBOR) on October 20, 2021.
Tenor BID OFFER 1 – Week 7.22 7.72 2 – Week 7.26 7.76 1 – Month 7.31 7.81 3 – Month 7.83 8.08 6 – Month 8.20 8.45 9 – Month 8.52 9.02 1 – Year 8.81 9.31 -
SBP issues customers exchange rates for October 20
Karachi, October 20, 2021: The State Bank of Pakistan (SBP) has released the official exchange rates for Wednesday, October 20, 2021.
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Current account deficit swells to $3.4 billion in 1QFY22
KARACHI: Pakistan’s current account deficit has ballooned to $3.4 billion during first quarter (July – September) of the current fiscal year 2021/2022 (1QFY22) owing to significant widening in trade deficit.
According to balance of payment (BOP) statistics released by the State Bank of Pakistan (SBP) on Tuesday, the current account deficit widened to $3.4 billion during the first quarter of the current fiscal year as compared with a surplus of $865 million in the corresponding period of the last fiscal year.
The country’s trade deficit has swollen by massive 102.10 per cent to $11.75 billion during the quarter under review as compared with the deficit of $5.81 billion in the corresponding quarter of the last fiscal year.
The import bill registered a sharp growth of 66.11 per cent to $18.75 billion during July – September of the current fiscal year as compared with $11.29 billion in the same period of the last fiscal year.
Meanwhile, the exports have also exhibited a growth of 28 per cent to $6.99 billion during the quarter under review as compared with $5.47 billion in the same period of the last fiscal year.
Overseas Pakistanis have remitted $8.034 billion during first quarter (July – September) of the fiscal year 2021/2022.
The home remittances during the first quarter registered a rise of 12.5 per cent when compared with $7.143 billion in the corresponding period of the last fiscal year.
The inflows of remittances were $2.7 billion in September 2021 as compared with $2.28 billion in the same month of the last year, showing an increase of 17.1 per cent.
The current account deficit narrowed in September 2021 to $1.113 billion when compared with the deficit of $1.47 billion in August 2021.
The current account deficit was $1.916 billion in the last fiscal year 2020/2021.
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KIBOR rates on October 18, 2021
KARACHI: State Bank of Pakistan (SBP) on Monday issued the following Karachi Interbank Offered Rates (KIBOR) on October 18, 2021.
Tenor BID OFFER 1 – Week 7.22 7.72 2 – Week 7.25 7.75 1 – Month 7.30 7.80 3 – Month 7.76 8.01 6 – Month 8.16 8.41 9 – Month 8.46 8.96 1 – Year 8.74 9.24 -
SBP issues customers exchange rates for October 18, 2021
Karachi, October 18, 2021 – The State Bank of Pakistan (SBP) has released the latest exchange rates for various foreign currencies against the Pakistani Rupee (PKR) on Monday, October 18, 2021.
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KIBOR rates on October 15, 2021
KARACHI: State Bank of Pakistan (SBP) on Friday issued the following Karachi Interbank Offered Rates (KIBOR) on October 15, 2021.
Tenor BID OFFER 1 – Week 7.21 7.71 2 – Week 7.25 7.75 1 – Month 7.29 7.79 3 – Month 7.71 7.96 6 – Month 8.10 8.35 9 – Month 8.38 8.88 1 – Year 8.60 9.10