Tag: SBP
Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
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Pakistan’s CAD mounts to $12 billion in eight months
KARACHI: Pakistan’s Current Account Deficit (CAD) has widened to staggering above $12 billion during first eight months (July – February) 2021/2022, the State Bank of Pakistan (SBP) said on Saturday. The current account was surplus by $994 million in the corresponding period of the last months, according to the balance of payment (BOP) issued by…
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SBP issues KIBOR rates on March 18, 2022
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as of March 18, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.81 10.31 2 – Week 9.90 10.40 1 – Month 10.23 10.73 3 – Month 11.28 11.53 6 – Month 11.77 12.02 9 – Month 11.82 12.32…
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Customers’ exchange rates on March 18, 2022
KARACHI, March 18, 2022 – The State Bank of Pakistan (SBP) has issued the exchange rates for Friday, March 18, 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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Foreign investment into Pakistan surges by 131%
KARACHI: The total inflows of foreign investment into Pakistan has increased by 131 per cent to $1.85 billion during first eight months (July – February) 2021/2022, State Bank of Pakistan (SBP) said on Friday. The net inflow of the foreign investment into Pakistan was $799 million in the same months of the last fiscal year.…
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Pakistan’s economy maintains growth momentum: SBP
KARACHI: Pakistan’s economy has maintained growth momentum in first quarter of fiscal year 2021/2022, which was begun during the preceding fiscal year, the State Bank of Pakistan (SBP) said in the first quarterly (July – September) 2021-2022 report on State of Pakistan Economy. “Both the supply and demand sides contributed to this momentum. Broad-based expansion…
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Pakistan’s forex reserves dip to $22.283 billion
KARACHI: Pakistan’s liquid foreign exchange reserves fell by $386 million to $22.283 billion by week ended March 11, 2022 as compared with $22.669 billion a week ago i.e. March 04, 2022, State Bank of Pakistan (SBP) said on Thursday. The official reserves of the State Bank fell by $381 million to $15.831 billion by week…
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SBP issues KIBOR rates on March 17, 2022
KARACHI, March 17, 2022 – The State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as of March 17, 2022. These rates are crucial for financial institutions and businesses as they reflect the cost of borrowing and lending in the interbank market, influencing various financial transactions and interest rates in…
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SBP’s event to provide house financing information
KARACHI: The State Bank of Pakistan (SBP), in collaboration with banks, is organizing a two-day exhibition in Faisalabad on March 19, 2022 to provide information on house financing. The State Bank of Pakistan is organizing a two-day Mera Pakistan Mera Ghar (MPMG) Mela at Circle Club Faisalabad on March 19 and 20, 2022, a statement…
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Customers’ exchange rates on March 17, 2022
KARACHI, March 17, 2022 – The State Bank of Pakistan (SBP) has released the exchange rates for Thursday, March 17, 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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State Bank amends regulations for housing loans
KARACHI: The State Bank of Pakistan (SBP) has revised regulations related to housing loans and general loans mainly related to eligibility of borrowers. The central bank on Wednesday issued a circular to revise Prudential Regulations for Microfinance Banks. The SBP said that in order to align classification and provisioning requirements with enhanced loan sizes, it…
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