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Tag: SBP

Hajj 2023

Banks to remain open on Saturday for Hajj application collection

August 8, 2025August 8, 2025Faisal Shahnawaz

Karachi, August 8, 2025 – The State Bank of Pakistan (SBP) has announced that commercial banks will remain open on Saturday, August 9, to assist in the collection of applications for Hajj 2026.

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Pakistan receives $3.21 billion in remittances for July 2025

August 8, 2025August 8, 2025Shahnawaz Akhter

Karachi, August 8, 2025 – Pakistan recorded an inflow of $3.21 billion in workers’ remittances during July 2025, according to data released by the State Bank of Pakistan (SBP) on Friday.

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State Bank of Pakistan Report

SBP publishes currency conversion rates for August 8, 2025

August 8, 2025August 8, 2025Faisal Shahnawaz

KARACHI, August 8, 2025 — The State Bank of Pakistan (SBP) has released the official currency conversion rates for Friday, August 8, 2025, providing an updated benchmark for banking customers and businesses engaged in foreign exchange transactions.

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State Bank of Pakistan Report

SBP releases currency exchange rates for August 7, 2025

August 7, 2025August 7, 2025Faisal Shahnawaz

Karachi, August 7, 2025 – The State Bank of Pakistan (SBP) has published the official weighted average exchange rates for major international currencies as of Thursday, August 7, 2025.

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State Bank of Pakistan Report

SBP Releases Exchange Rates for August 6, 2025

August 6, 2025August 6, 2025Faisal Shahnawaz

KARACHI – August 6, 2025: The State Bank of Pakistan (SBP) has officially released the weighted average exchange rates of major foreign currencies for Wednesday, August 6, 2025.

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State Bank of Pakistan Report

SBP Releases Average Exchange Rates for August 5, 2025

August 5, 2025August 5, 2025Faisal Shahnawaz

Karachi, August 5, 2025 – The State Bank of Pakistan (SBP) has released the weighted average customer exchange rates for major foreign currencies as on Tuesday, August 5, 2025.

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State Bank of Pakistan Report

SBP releases customer exchange rates for August 4, 2025

August 4, 2025August 4, 2025Faisal Shahnawaz

Karachi, August 4, 2025 — The State Bank of Pakistan (SBP) has officially released the weighted average customer exchange rates for Monday, August 4, 2025, offering vital insights into the buying and selling rates of key foreign currencies.

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SBP revises foreign exchange exposure limit for banks

August 2, 2025August 2, 2025Shahnawaz Akhter

Karachi, August 2, 2025 – The State Bank of Pakistan (SBP) has announced a significant revision in the Foreign Exchange Exposure Limit (FEEL) for banks, aiming to enhance flexibility in foreign exchange operations amid evolving market dynamics.

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State Bank of Pakistan Report

SBP Issues Average Exchange Rates for August 1, 2025

August 1, 2025August 1, 2025Faisal Shahnawaz

Karachi, August 1, 2025 – The State Bank of Pakistan (SBP) released the official weighted average customer exchange rates for Friday, August 1, 2025. These rates reflect the average exchange rates quoted by commercial banks to their clients for buying and selling major foreign currencies.

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foreign exchange

Pakistan’s weekly forex reserves drop by $311 million

July 31, 2025July 31, 2025Faisal Shahnawaz

Karachi, July 31, 2025 – Pakistan’s foreign exchange (forex) reserves witnessed a notable decline of $311 million during the week ended July 25, 2025, according to official data released by the State Bank of Pakistan (SBP) and reported by APP on Thursday.

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