Tag: SBP
Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
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Customers’ exchange rates on January 17, 2022
Karachi, Pakistan – On Monday, the State Bank of Pakistan (SBP) unveiled the official exchange rates for January 17, 2022, providing customers with essential information based on the weighted average rates of commercial banks.
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Pakistani overseas workers send $15.8 billion in 1HFY22
KARACHI: Pakistani workers living abroad have sent $15.8 billion to their homeland during first half (July – December) of the fiscal year 2021/2022, State Bank of Pakistan (SBP) said on Friday. The workers’ remittances grew by 11.26 per cent when compared with $14.2 billion in the same period of the last fiscal year. READ MORE:…
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SBP issues KIBOR rates on January 14, 2022
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as of January 14, 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 10.23 10.48 6 – Month 11.21 11.46 9 – Month 11.24 11.74…
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Customers’ exchange rates on January 14, 2022
Karachi, Pakistan – On Friday, the State Bank of Pakistan (SBP) released the official exchange rates for January 14, 2022, providing customers with crucial information based on the weighted average rates of commercial banks.
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Pakistan’s forex reserves decline by $118 million
KARACHI: Pakistan’s total liquid foreign exchange reserves declined by $118 million during a week, the State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were $23.901 billion by week ended January 07, 2022 as compared with $24.019 billion by week ended December 31, 2021. The official reserves of the…
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SBP issues KIBOR rates on January 13, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as of January 13, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.74 10.24 2 – Week 9.78 10.28 1 – Month 9.84 10.34 3 – Month 10.16 10.41 6 – Month 11.15 11.40 9 – Month 11.18 11.68…
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SBP wins IFN global award for promoting Islamic finance
KARACHI: The State Bank of Pakistan (SBP) has won the best bank award for promoting Islamic finance announced by Islamic Finance News (IFN), an arm of RED money Group, Malaysia. The IFN announced the SBP as the best Central Bank of 2021 across the world in promoting Islamic finance. The results of global voting were…
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Customers’ exchange rates on January 13, 2022
KARACHI: The State Bank of Pakistan (SBP) on Thursday issued customers’ exchange rates for January 13, 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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Rupee strengthens by 40 paisas to dollar in interbank
KARACHI: The Pak Rupee (PKR) strengthened by 40 paisas against the dollar on Wednesday in interbank foreign exchange market. The rupee ended Rs176.23 to the dollar from previous day’s closing of Rs176.63 in the interbank foreign exchange market. It was second consecutive day when the rupee made gain. The local currency recovered around 45 paisas…
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SBP issues KIBOR rates on January 12, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as of January 12, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.70 10.20 2 – Week 9.76 10.26 1 – Month 9.84 10.34 3 – Month 10.21 10.46 6 – Month 11.21 11.46 9 – Month 11.26 11.76…
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