Karachi, October 28, 2024 – The State Bank of Pakistan (SBP) reported a significant 85% rise in the repatriation of profits and dividends by foreign investors during the first quarter of the fiscal year 2024-25, reflecting a sharp increase in the outflow of funds.
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SBP Issues Foreign Exchange Rates for October 28, 2024
Today, October 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 Briefs Global Investors on Pakistan’s Promising Outlook
Karachi, October 25, 2024 – Jameel Ahmad, Governor of the State Bank of Pakistan (SBP), met with international rating agencies and global investors during events hosted by prominent financial institutions, including Standard Chartered, JP Morgan, Bank of America, and Jefferies. These meetings took place on the sidelines of the 2024 IMF-World Bank annual gatherings in Washington, DC.
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SBP Issues Foreign Exchange Rates for October 25, 2024
Today, October 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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Pakistan’s Forex Reserves Fall by $94 Million Amid Commercial Bank Decline
Karachi, October 24, 2024 – Pakistan’s foreign exchange (forex) reserves saw a reduction of $94 million in the week ending October 18, 2024, according to data released by the State Bank of Pakistan (SBP) on Thursday. The country’s total forex reserves now stand at $16.017 billion, down from $16.111 billion the previous week, marking a modest but notable decline.
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SBP Issues Foreign Exchange Rates for October 24, 2024
Today, October 24, 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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Bank Deposits in Pakistan Soar to Record High of Rs 31.34 Trillion
By the end of September 2024, bank deposits in Pakistan surged to a historic Rs 31.342 trillion, reflecting a remarkable year-on-year increase of 19.1%, according to data released by the State Bank of Pakistan (SBP). This milestone marks a significant step in the nation’s banking landscape, showcasing robust growth despite the challenges posed by fluctuating interest rates.
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SBP May Further Cut Policy Rate by 200 bps: Survey
Karachi, October 23, 2024 – The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is expected to further reduce the policy rate by 200 basis points (bps) or 2% in its upcoming meeting scheduled for November 4, 2024. This insight comes from a recent survey conducted by Arif Habib Limited, capturing the sentiment of market participants across various sectors.
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SBP Issues Foreign Exchange Rates for October 23, 2024
Today, October 23, 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 October 22, 2024
Today, October 22, 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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