Tag: SBP
Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
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SBP announces bank holiday
KARACHI: The State Bank of Pakistan (SBP) on Wednesday announced that offices of the central bank will remain closed on March 23, 2022. “The State Bank of Pakistan will remain closed on March 23, 2022 (Wednesday) being public holiday on the occasion of “Pakistan Day” as declared by the Government of Pakistan,” the SBP said.…
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SBP issues KIBOR rates on March 16, 2022
KARACHI: The State Bank of Pakistan (SBP) has officially announced the Karachi Interbank Offered Rates (KIBOR) for March 16, 2022.
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SBP allows microfinance banks to offer IPS accounts
KARACHI: The State Bank of Pakistan (SBP) on Wednesday allowed microfinance banks to offer their customers to maintain Investor Portfolio Securities (IPS) accounts. READ MORE: SBP withdraws Raast payment transaction limits The SBP in a circular said that to enhance the scope of IPS Account to a wider set of institutions and investors, and to…
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Customers’ exchange rates on March 16, 2022
KARACHI, March 16, 2022 – The State Bank of Pakistan (SBP) has issued the exchange rates for Wednesday, March 16, 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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SBP withdraws Raast payment transaction limits
KARACHI: The State Bank of Pakistan (SBP) on Tuesday withdrew transactional limits of payments made through Raast System i.e. Raast Person-to-Person (P2P) Payment System. The SBP issued Circular No. 02 dated March 15, 2022 and stated that to further facilitate users of Raast services it has been decided that with effect from April 1, 2022,…
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SBP issues KIBOR rates on March 15, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as of March 15, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.81 10.31 2 – Week 9.88 10.38 1 – Month 10.11 10.61 3 – Month 11.09 11.34 6 – Month 11.67 11.92 9 – Month 11.76 12.26…
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Customers’ exchange rates on March 15, 2022
KARACHI, March 15, 2022 – The State Bank of Pakistan (SBP) has released the exchange rates for Tuesday, March 15, 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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SBP issues KIBOR rates on March 14, 2022
KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as of March 14, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.81 10.31 2 – Week 9.89 10.39 1 – Month 10.09 10.59 3 – Month 11.07 11.32 6 – Month 11.68 11.93 9 – Month 11.77 12.27…
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Customers’ exchange rates on March 14, 2022
KARACHI: The State Bank of Pakistan (SBP) on Monday issued customers’ exchange rates for March 14, 2022. The exchange rate is on the basis of weighted average rates of commercial banks. The SBP said the data is compiled and disseminated for information only. These exchange rates are estimates that quoted by various commercial banks to their clients. The banks provide their indicative exchange rates for commercial transactions with customers. CURRENCY BUYING SELLING AED…
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SBP announces task force to boost agriculture finance
KARACHI: The first meeting of the Task Force on Electronic Warehouse Receipt Financing (EWRF) was held under the chairmanship of Governor, State Bank of Pakistan (SBP), Dr. Reza Baqir on Friday in Lahore. The Chief Secretary, Government of Punjab, Kamran Ali Afzal also attended the meeting on special invitation. The EWRF Task Force is a…
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