Karachi, November 12, 2024 – In a significant development for Pakistan’s financial sector, Abhi Private Limited and TPL Corp Limited have received approval from the State Bank of Pakistan (SBP) to jointly acquire FINCA Microfinance Bank Limited.
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SBP Issues Foreign Exchange Rates for November 12, 2024
Today, November 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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Pakistan’s Total Debt, Liabilities Rise to Rs 85.84 Trillion in 1QFY25
Karachi, November 11, 2024 – Pakistan’s fiscal challenges intensified as total debt and liabilities surged to Rs 85.84 trillion by the end of the first quarter of FY2024-25, the State Bank of Pakistan (SBP) reported Monday.
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SBP Issues Foreign Exchange Rates for November 11, 2024
Today, November 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 Ordered to Disclose Dual-Nationality Employee Details
Islamabad, November 10, 2024 – The Pakistan Information Commission (PIC) has directed the State Bank of Pakistan (SBP) to provide a list of employees holding dual nationality or married to foreign nationals within ten days. This directive, issued under the Right to Access to Information Act 2017, is part of a case initiated by petitioner Azmat Khan, who requested transparency on dual-nationality holders within the SBP.
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SBP Issues Foreign Exchange Rates for November 8, 2024
Today, November 8, 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 Stresses Urgent Need for Climate Resilience Financing
In a call to action for the financial sector to embrace sustainability, the Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, underscored the critical need to bolster credit allocation for climate-resilient projects and promote environmentally sustainable growth. Speaking at the event “Enabling Green Financing and Green Bonds via Credit Enhancement Solutions,” hosted by InfraZamin Pakistan, the Governor emphasized the growing importance of aligning Pakistan’s financial sector with global shifts toward sustainability.
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Remittances into Pakistan Surge 35% during 4MFY25
Karachi, November 8, 2024 – Workers’ remittances into Pakistan have shown a notable 35% growth year-on-year (YoY) in the first four months (July-October) of fiscal year 2024-25, according to data released by the State Bank of Pakistan (SBP) on Friday.
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Pakistan’s Weekly Forex Reserves Decline by $117 Million
Karachi, November 7, 2024 – Pakistan’s foreign exchange (forex) reserves have witnessed a decline of $117 million by the week ended November 1, 2024, according to a report from the State Bank of Pakistan (SBP) on Thursday.
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SBP Issues Foreign Exchange Rates for November 7, 2024
Today, November 7, 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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