Today, December 12, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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SBP Issues Foreign Exchange Rates for December 11, 2024
Today, December 11, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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SBP Issues Foreign Exchange Rates for December 10, 2024
Today, December 10, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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SBP Directs Banks for Free Mobile Phone Transaction Alerts
Karachi, December 10, 2024 – The State Bank of Pakistan (SBP) has issued new directives mandating banks to provide free transaction alerts to customers using digital banking services. The initiative aims to enhance the security and transparency of financial transactions conducted through mobile and internet banking platforms.
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SBP Reports 34% Growth in Home Remittances for 5MFY25
Karachi, December 9, 2024 – The State Bank of Pakistan (SBP) announced on Monday that home remittances have experienced a robust growth of 34% during the first five months (July–November) of the fiscal year 2024-25. This surge reflects the resilience of overseas Pakistanis in contributing to the national economy.
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SBP Issues Foreign Exchange Rates for December 9, 2024
Today, December 9, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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Analysts Bet on 200 Basis Points Cut in Benchmark Policy Rate
Analysts at Arif Habib Limited are forecasting a 200 basis points (bps) reduction in the benchmark policy rate in the upcoming monetary policy meeting (MPC) set for December 16, 2024. This would mark the last policy announcement of the year by the State Bank of Pakistan (SBP). If this anticipated cut occurs, it would bring the policy rate to 13%, a level not seen since July 2022, when the rate was at 13.75%.
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SBP Issues Foreign Exchange Rates for December 6, 2024
Today, December 6, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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Banks Gear Up for Profit Boost Amid SBP Reform: Analysis
Karachi, December 6, 2024 – Conventional banks in Pakistan are preparing for a potential profit surge following the State Bank of Pakistan’s (SBP) upcoming changes to the profit calculation framework for savings accounts, set to take effect on January 1, 2025.
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Pakistan’s Forex Reserves Climb to $16.62 Billion
Karachi, December 5, 2024 – Pakistan’s foreign exchange (forex) reserves rose to $16.62 billion as of November 29, 2024, reflecting a weekly increase of $544 million, according to a report released by the State Bank of Pakistan (SBP) on Thursday.
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