KARACHI, August 23, 2021: The State Bank of Pakistan (SBP) has unveiled the latest exchange rates for customers on Monday, August 23, 2021.
(more…)Tag: SBP
Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
-
July current account deficit balloons to $773 million
KARACHI: The current account balance has posted a deficit of $773 million during first month of the current fiscal year, State Bank of Pakistan (SBP) said on Friday.
The SBP released Balance of Payment (BOP) statistics. The data revealed that the current account was in surplus of $583 million in July 2020.
However, the current account deficit has been narrowed in July 2021 when compared with $1.619 billion recorded in June 2021.
The balance of trade in goods has posted a deficit of $3.139 billion in July 2021 when compared with the deficit of $1.672 billion in the same month of the last year.
The export receipts have increased to $2.257 billion in the first month of the current fiscal year 2021/2022 when compared with $1.88 billion in the same month of the last fiscal year.
The import bill also recorded significant growth to $5.396 billion in the month under review when compared with $3.557 billion in the same month of the last year.
The inflow of workers’ remittances recorded at $2.707 billion in July 2021 when compared with $2.764 billion in the same month of the last year.
-
Foreign exchange reserves inch up to $24.668 billion
KARACHI: Pakistan’s liquid foreign exchange reserves recorded a modest uptick, reaching $24.668 billion by the week ending August 13, 2021, according to the latest data released by the State Bank of Pakistan (SBP) on Friday.
(more…) -
KIBOR rates on August 20, 2021
KARACHI: State Bank of Pakistan (SBP) on Friday issued following Karachi Interbank Offered Rates (KIBOR) on August 20, 2021.
Tenor BID OFFER 1 – Week 6.91 7.41 2 – Week 6.95 7.45 1 – Month 7.01 7.51 3 – Month 7.14 7.39 6 – Month 7.31 7.56 9 – Month 7.44 7.94 1 – Year 7.52 8.02 -
SBP issues customers exchange rates on August 20
KARACHI, August 20, 2021: The State Bank of Pakistan (SBP) has issued the latest exchange rates for customers on Friday, August 20, 2021.
(more…) -
SBP approves Rs82.6 million interest free student loan
KARACHI: The State Bank of Pakistan (SBP) has approved an amount of Rs82.6 million as interest free loan for deserving students.
The apex committee for Student Loan Scheme having representation from State Bank of Pakistan, Finance Division (Government of Pakistan) and five major banks (NBP, HBL, UBL, ABL and MCB Bank) has approved Rs 82.6 million as interest-free loans to deserving students for their studies within Pakistan.
The amount, approved by apex committee, will be disbursed to 518 deserving students of public sector universities across the country, studying in different disciplines of under-graduation, graduation and PhD studies for the Session 2017-18, 2018-19 & 2019-2020.
The objective of the Student Loan Scheme is to provide financial assistance to the meritorious students having insufficient means. The loans are granted for a maximum tenor of 10 years from the date of the disbursement of first installment and repayable in monthly installments after six months from the date of first employment or one year from the date of completion of studies, whichever is earlier.
National Bank of Pakistan, being the administrator of the Scheme, performs all the functions like receiving and scrutinizing the loan applications, disbursement of loans and their recovery.
-
KIBOR rates on August 17, 2021
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued following Karachi Interbank Offered Rates (KIBOR) on August 17, 2021.
Tenor BID OFFER 1 – Week 6.92 7.42 2 – Week 6.95 7.45 1 – Month 7.01 7.51 3 – Month 7.14 7.39 6 – Month 7.31 7.56 9 – Month 7.43 7.93 1 – Year 7.52 8.02 -
SBP issues customers exchange rates for August 17
KARACHI, August 17, 2021: The State Bank of Pakistan (SBP) has released the latest exchange rates for customers on Tuesday, August 17, 2021.
(more…) -
SBP launches SME Asaan Finance scheme
KARACHI – In a move aimed at bolstering small and medium-sized enterprises (SMEs) in Pakistan, the State Bank of Pakistan (SBP) unveiled the SME Asaan Finance scheme on Monday, allowing banks to lend up to Rs10 million to qualifying businesses.
(more…) -
KIBOR rates on August 16, 2021
KARACHI: State Bank of Pakistan (SBP) on Monday issued following Karachi Interbank Offered Rates (KIBOR) on August 16, 2021.
Tenor BID OFFER 1 – Week 6.91 7.41 2 – Week 6.95 7.45 1 – Month 7.00 7.50 3 – Month 7.15 7.40 6 – Month 7.31 7.56 9 – Month 7.43 7.93 1 – Year 7.51 8.01