SBP Archives - Page 60 of 372

Massive Bank Withdrawals Amid Looming Tax Restrictions

January 25, 2025January 25, 2025Shahnawaz Akhter

In December 2024, Pakistan witnessed a staggering Rs 862 billion in bank withdrawals, highlighting a rising wave of uncertainty among account holders.

SBP Announces Forex Rates in PKR for January 24, 2025

January 24, 2025January 24, 2025Faisal Shahnawaz

On January 24, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.

Pakistan Sees $262 Million Drop in Weekly Forex Reserves

January 23, 2025January 23, 2025Faisal Shahnawaz

Karachi, January 23, 2025 – The foreign exchange reserves of Pakistan have registered a decline of $262 million during the week ending January 17, 2025. The decrease underscores the ongoing challenges faced by the country in maintaining its external financial stability.

SBP Announces Forex Rates in PKR for January 23, 2025

January 23, 2025January 23, 2025Faisal Shahnawaz

On January 23, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.

Analysts Anticipate SBP Policy Rate Cut to 12%

January 23, 2025January 23, 2025Shahnawaz Akhter

Analysts at Arif Habib Limited predict that the State Bank of Pakistan (SBP) is likely to further reduce the policy rate to 12% in the upcoming monetary policy announcement.

Banks Witness Rs862Bn Withdrawals Amid Non-Filer Restrictions

January 23, 2025January 23, 2025Shahnawaz Akhter

Karachi, January 23, 2025 – Banks in Pakistan experienced a massive withdrawal of Rs 862 billion during December 2024 as the government prepared to impose stringent restrictions on non-filers of income tax returns. This significant outflow highlights the uncertainty and apprehension among account holders in response to impending policy changes.

SBP Announces Forex Rates in PKR for January 22, 2025

January 22, 2025January 22, 2025Faisal Shahnawaz

On January 22, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.

SBP Alerts Public on Illegal Foreign Currency Transactions

January 22, 2025January 22, 2025Faisal Shahnawaz

Karachi, January 22, 2025 – The State Bank of Pakistan (SBP) has issued a stern warning to the general public against engaging in illegal transactions of foreign currency. Highlighting the risks and legal consequences, the SBP emphasized the importance of conducting all foreign exchange activities through authorized channels.

Currency Exchange Rates in Pakistan – January 21, 2025

January 21, 2025January 21, 2025Faisal Shahnawaz

Karachi, January 21, 2025 – The State Bank of Pakistan (SBP) has announced the latest currency exchange rates for Tuesday, January 21, 2025. These rates reflect the weighted average exchange values being used by commercial banks for transactions with their clients.

SBP Announces Forex Rates in PKR for January 20, 2025

January 20, 2025January 20, 2025Faisal Shahnawaz

On January 20, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.

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