Tag: SBP
Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
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Remittances increase to record $18 billion in 7 months
KARACHI: The inflows of workers’ remittances have increased to record $18 billion during the first seven months (July – January) 2021/2022, the State Bank of Pakistan (SBP) said on Friday. The remittances registered an increase of 9.35 per cent during the period under review when compared with $16.46 billion received during first seven months of…
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SBP issues KIBOR rates on February 11, 2022
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as of February 11, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.73 10.23 2 – Week 9.77 10.27 1 – Month 9.82 10.32 3 – Month 10.16 10.41 6 – Month 10.52 10.77 9 – Month 10.62 11.12…
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SBP imposes Rs1.45 billion penalty on 18 banks in 2021
KARACHI: The State Bank of Pakistan (SBP) has imposed Rs1.45 billion as monetary penalty on 18 financial institutions for violating regulatory provisions during the year ended December 31, 2021. According to data compiled by PkRevenue.com related to significant action taken during the year 2021, the SBP imposed Rs1.45 billion as monetary penalty on 18 financial…
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Customers’ exchange rates on February 11, 2022
KARACHI: The State Bank of Pakistan (SBP) on Friday issued customers’ exchange rates for February 11, 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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Pakistan foreign exchange reserves rise to $23.72 billion
KARACHI: Pakistan’s foreign exchange reserves increased significantly to $23.72 billion owing to inflows from International Monetary Fund (IMF) and Sukuk proceeds. The total liquid foreign exchange reserves of the country rose by $1.637 billion to $23.721 billion by week ended February 04, 2022. The foreign exchange reserves of the country were $22.084 billion by week…
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SBP issues KIBOR rates on February 10, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as of February 10, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.73 10.23 2 – Week 9.77 10.27 1 – Month 9.84 10.34 3 – Month 10.15 10.40 6 – Month 10.53 10.78 9 – Month 10.62 11.12…
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Customers’ exchange rates on February 10, 2022
KARACHI: The State Bank of Pakistan (SBP) on Thursday issued customers’ exchange rates for February 10, 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 allows banks remitting visa fee
KARACHI: The State Bank of Pakistan (SBP) on Wednesday allowed banks in remitting visa fees collected in Pak Rupee (PKR) accounts. The SBP invited authorized dealers or banks towards FE Circular No. 07 dated August 05, 2021 in terms of which SBP notified revision of Chapter 14 (Commercial Remittance) of Foreign Exchange Manual. READ MORE:…
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SBP issues KIBOR rates on February 09, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as of February 09, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.70 10.20 2 – Week 9.75 10.25 1 – Month 9.82 10.32 3 – Month 10.13 10.38 6 – Month 10.48 10.73 9 – Month 10.58 11.08…
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Customers’ exchange rates on February 09, 2022
Karachi, February 09, 2022: The State Bank of Pakistan (SBP) has released the official exchange rates for February 09, 2022, providing important insights into currency values against the Pakistani Rupee.
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