Today, November 28, 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 to Open Saturday for Hajj Application Collection
Karachi, November 28, 2024 – The State Bank of Pakistan (SBP) has announced that branches of designated banks will remain operational over the weekend to facilitate the submission of Hajj applications for 2025. This special arrangement, requested by the Ministry of Religious Affairs and Interfaith Harmony, ensures greater convenience for intending pilgrims.
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Private Sector Credit Offtake Reaches Rs 880 Billion This Year
Karachi, November 27, 2024 – Credit offtake by the private sector from Pakistan’s banking system witnessed a remarkable surge, reaching Rs 880 billion during the first four and a half months of the current fiscal year, spanning July 1 to November 15, according to data released by the State Bank of Pakistan (SBP).
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SBP Issues Foreign Exchange Rates for November 27, 2024
Today, November 27, 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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Foreign Investors Withdraw $807 Million from Pakistan in 4MFY25
Karachi, November 26, 2024 – Foreign investors operating in Pakistan repatriated over $807 million under the head of profit and dividends during the first four months (July–October) of the fiscal year 2024-25, according to official data released on Tuesday.
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SBP Issues Foreign Exchange Rates for November 26, 2024
Today, November 26, 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 Revises Guidelines on Minimum Profit Rate for Deposits
Karachi, November 26, 2024 – The State Bank of Pakistan (SBP) announced updated instructions on Tuesday regarding the minimum profit rate requirement for deposits.
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SBP Issues Foreign Exchange Rates for November 25, 2024
Today, November 25, 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 Restricts Banks from Facilitating Crypto Transactions
Karachi, November 24, 2024 – The State Bank of Pakistan (SBP) has issued an advisory urging the general public to refrain from engaging in cryptocurrencies, emphasizing that these virtual currencies are not recognized as legal tender in Pakistan.
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Salaried Persons’ Bank Deposits Reach Record Rs 4.47 Trillion
Karachi, November 23, 2024 – Bank deposits held by salaried persons reached an unprecedented Rs 4.47 trillion at the end of October 2024, reflecting a significant 25% year-on-year increase from Rs 3.58 trillion in October 2023, according to data from the State Bank of Pakistan (SBP).
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