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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Pakistan Releases Rs 55 Coin for Guru Nanak Anniversary
Islamabad, November 22, 2024 – The State Bank of Pakistan (SBP) announced the release of a commemorative Rs. 55 coin to mark the 555th Jayanti of Baba Guru Nanak Dev Ji, the revered founder of Sikhism. The issuance reflects Pakistan’s commitment to honoring the legacy of religious figures and promoting interfaith harmony.
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SBP Revises Shariah Governance Framework for Islamic Banks
Karachi, November 22, 2024 – The State Bank of Pakistan (SBP) has revised the Shariah Governance Framework for Islamic Banking Institutions to align it with international best practices.
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