Tag: SBP
Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
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Exchange companies get incentive for dollar surrender
KARACHI: The State Bank of Pakistan (SBP) on Thursday introduced an incentive scheme of surrendering dollars of home remittances for exchange companies. The scheme is operational from February 04, 2022, the SBP said in a circular. Home remittances are a major source of income for families of expatriate Pakistanis and contribute significantly in country’s economic…
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Pakistan’s forex reserves decline to $22.085 billion
KARACHI: Pakistan’s liquid foreign exchange reserves declined by $397 million to $22.085 billion by week ended January 28, 2022, the central bank said on Thursday. The country’s foreign exchange reserves were at $22.482 billion by week ended January 21, 2022, the State Bank of Pakistan (SBP) said. The official reserves of the central bank also…
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SBP issues KIBOR rates on February 03, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as of February 03, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.74 10.24 2 – Week 9.78 10.28 1 – Month 9.83 10.33 3 – Month 10.15 10.40 6 – Month 10.51 10.76 9 – Month 10.62 11.12…
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SBP launches free P2P money transfer under Raast
KARACHI: State Bank of Pakistan (SBP) has issued instructions that will enable Person-to-Person (P2P) free fund transfers in the country through Raast, Pakistan’s Instant Payment System developed by the State Bank. Raast—an Urdu word which means correct and direct—offers an instant, reliable and zero-cost digital payment system to the people of Pakistan, the SBP said…
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Customers’ exchange rates on February 03, 2022
Karachi, February 03, 2022: The State Bank of Pakistan (SBP) has published the official exchange rates for February 03, 2022, providing crucial information on currency values against the Pakistani Rupee.
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Bank holiday announced on Kashmir Day
KARACHI: The State Bank of Pakistan (SBP) on Thursday announced bank holiday on account of Kashmir Day on February 05, 2022. The SBP in a statement said that the central bank will remain closed on Saturday, February 05, 2022 on the occasion of Kashmir Day, as declared by the government of Pakistan.
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SBP issues KIBOR rates on February 02, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as of February 02, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.76 10.26 2 – Week 9.79 10.29 1 – Month 9.84 10.34 3 – Month 10.12 10.37 6 – Month 10.50 10.75 9 – Month 10.61 11.11…
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Customers’ exchange rates on February 02, 2022
Karachi, February 02, 2022: The State Bank of Pakistan (SBP) has released the official exchange rates for February 02, 2022, offering critical information on currency values against the Pakistani Rupee.
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SBP relaxes deadline for export proceeds realization
KARACHI: The State Bank of Pakistan (SBP) on Tuesday relaxed the deadline for realization of export proceeds by making changes in its earlier notification. The SBP issued EPD Circular No. 02 of 2022 and invited attention of authorized dealers in foreign exchange to FE Circular No. 1 dated January 5, 2022 in terms of which…
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SBP issues KIBOR rates on February 01, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as of February 01, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.76 10.26 2 – Week 9.80 10.30 1 – Month 9.85 10.35 3 – Month 10.12 10.37 6 – Month 10.49 10.74 9 – Month 10.61 11.11…
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