KARACHI: The State Bank of Pakistan (SBP) took decisive action on Thursday, announcing hefty monetary penalties totaling Rs525.23 million against eight commercial banks for violating regulatory provisions during the quarter ended June 30, 2021.
(more…)Tag: SBP
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New initiatives to facilitate digital financial products
New initiatives to facilitate digital financial products have been unveiled by the State Bank of Pakistan (SBP) to boost digitalization.
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KIBOR rates for August 04, 2021
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued following Karachi Interbank Offered Rates (KIBOR) on August 04, 2021.
Tenor BID OFFER 1 – Week 6.93 7.43 2 – Week 6.95 7.45 1 – Month 7.00 7.50 3 – Month 7.14 7.39 6 – Month 7.35 7.60 9 – Month 7.44 7.94 1 – Year 7.54 8.04 -
SBP issues customers exchange rates for August 04
KARACHI: The State Bank of Pakistan (SBP) on Wednesday issued customers’ exchange rates. The exchange rate is on the basis of weighted average rates of commercial banks.
The SBP said the data 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 44.5988 44.6939 AUD 121.1422 121.4042 CAD 130.6470 130.9209 CHF 181.1383 181.5113 CNY 25.3680 25.4216 EUR 194.3594 194.7740 GBP 227.9555 228.4418 JPY 1.5002 1.5035 SAR 43.6530 43.7447 USD 163.6710 164.0343 -
KIBOR rates for August 03, 2021
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued following Karachi Interbank Offered Rates (KIBOR) on August 03, 2021.
Tenor BID OFFER 1 – Week 6.92 7.42 2 – Week 6.95 7.45 1 – Month 7.01 7.51 3 – Month 7.13 7.38 6 – Month 7.35 7.60 9 – Month 7.44 7.94 1 – Year 7.53 8.03 -
SBP issues customers exchange rates for August 03
KARACHI: The State Bank of Pakistan (SBP) on Tuesday issued customers’ exchange rates. The exchange rate is on the basis of weighted average rates of commercial banks.
The SBP said the data 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 44.6799 44.7742 AUD 121.2996 121.5557 CAD 130.9964 131.2713 CHF 181.1335 181.5165 CNY 25.4085 25.4587 EUR 194.7696 195.1901 GBP 227.8197 228.3116 JPY 1.5022 1.5055 SAR 43.7314 43.8230 USD 163.9673 164.3306 -
KIBOR rates for August 02, 2021
The State Bank of Pakistan (SBP) released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Monday, August 2, 2021, providing updated benchmarks for interbank lending and borrowing activities in the financial sector.
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SBP approves PIA Sukuk for SLR maintenance
KARACHI: The State Bank of Pakistan (SBP) on Monday approved Sukuk to be issued by Pakistan International Airlines Company Limited (PIACL) for the requirement of Statutory Liquidity Requirement (SLR).
The SBP said that in terms of Government of Pakistan, Ministry of Finance notification S.R.O. 746(I)/2021 dated May 31, 2021, the privately placed Sukuk to be issued by Pakistan International Airlines Company Limited (PIACL) under the title of “PIA-Sukuk-I” shall be approved security for the maintenance of SLR under sub-section 1 of section 29 of the Banking Companies Ordinance, 1962.
Further, SLR eligibility limit (i.e. 7 percent) on Public Sector Sukuk shall be applicable on PIA Sukuk-I in accordance with the provisions of the Circular referred above.
The ministry of finance issued SRO 746 (I)/2021 dated May 31, 2021 to announce that privately placed Sukuk to be issued by PIACL up to Rs20 billion shall be guaranteed by the government of Pakistan and shall be approved security for the maintenance of liquid assets.
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SBP issues customers exchange rates for August 02
KARACHI: The State Bank of Pakistan (SBP) on Monday issued customers’ exchange rates. The exchange rate is on the basis of weighted average rates of commercial banks.
The SBP said the data 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 44.3802 44.4745 AUD 119.6517 119.9087 CAD 130.6071 130.8772 CHF 179.8624 180.2451 CNY 25.2340 25.2843 EUR 193.4138 193.8341 GBP 226.5118 226.9954 JPY 1.4851 1.4884 SAR 43.4361 43.5278 USD 162.8677 163.2310 -
KIBOR rates for July 30, 2021
KARACHI: State Bank of Pakistan (SBP) on Friday issued following Karachi Interbank Offered Rates (KIBOR) on July 30, 2021.
Tenor BID OFFER 1 – Week 6.91 7.41 2 – Week 6.96 7.46 1 – Month 7.01 7.51 3 – Month 7.13 7.38 6 – Month 7.34 7.59 9 – Month 7.44 7.94 1 – Year 7.53 8.03