Karachi, September 26, 2024 – Pakistan’s foreign exchange reserves witnessed an increase of $46 million during the week ending on September 20, 2024, according to data released by the State Bank of Pakistan (SBP) on Thursday. This rise brings the total reserves to $14.873 billion, compared to $14.827 billion recorded a week earlier on September 13, 2024.
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SBP Issues Foreign Exchange Rates for September 26, 2024
Today, September 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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Profit Repatriation Surges 461% in First Two Months of FY25: SBP
Karachi, September 26, 2024 — The repatriation of profits and dividends by foreign companies operating in Pakistan surged by an astounding 461% during the first two months (July-August) of the current fiscal year 2024-25, according to data released by the State Bank of Pakistan (SBP) on Thursday.
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SBP Issues Foreign Exchange Rates for September 25, 2024
Today, September 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 Issues Foreign Exchange Rates for September 24, 2024
Today, September 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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Senate Panel to Recommend Actions Against Banks’ Currency Manipulation
Islamabad—In a significant development, the Senate Standing Committee on Economic Affairs has called for strict measures against commercial banks allegedly involved in currency manipulation and over-invoicing while opening Letters of Credit (LCs).
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SBP Issues Foreign Exchange Rates for September 23, 2024
Today, September 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 Extends Validity of Cash Dollar Imports for Exchange Companies Until June 2025
Karachi, September 23, 2024 – The State Bank of Pakistan (SBP) has announced an extension in the validity period for the import of cash US dollars by exchange companies until June 30, 2025. This decision comes as a continuation of the SBP’s earlier facility, which allowed exchange companies to import up to 50% of the value of their export consignments in cash US dollars.
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SBP Issues Foreign Exchange Rates for September 20, 2024
Today, September 20, 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 Surge 18% YoY in August 2024: SBP
Karachi, September 19, 2024 – Bank deposits in Pakistan surged by 18% year-on-year (YoY) in August 2024, according to data released by the State Bank of Pakistan (SBP) on Thursday. Total deposits reached Rs 30.78 trillion by the end of August 2024, up from Rs 26.11 trillion during the same period in 2023.
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