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Tag: SBP

Foreign Investors Withdraw $807 Million from Pakistan in 4MFY25

November 26, 2024November 26, 2024Shahnawaz Akhter

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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State Bank of Pakistan Report

SBP Issues Foreign Exchange Rates for November 26, 2024

November 26, 2024November 26, 2024Faisal Shahnawaz

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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state bank of pakistan 03

SBP Revises Guidelines on Minimum Profit Rate for Deposits

November 26, 2024November 26, 2024Shahnawaz Akhter

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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State Bank of Pakistan Report

SBP Issues Foreign Exchange Rates for November 25, 2024

November 25, 2024November 25, 2024Faisal Shahnawaz

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

November 24, 2024November 24, 2024Faisal Shahnawaz

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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SBP report on banking sector

Salaried Persons’ Bank Deposits Reach Record Rs 4.47 Trillion

November 23, 2024November 23, 2024Shahnawaz Akhter

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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state bank of pakistan 03

Pakistan Releases Rs 55 Coin for Guru Nanak Anniversary

November 22, 2024November 22, 2024Faisal Shahnawaz

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

November 22, 2024November 22, 2024Shahnawaz Akhter

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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State Bank of Pakistan Report

SBP Issues Foreign Exchange Rates for November 22, 2024

November 22, 2024November 22, 2024Faisal Shahnawaz

Today, November 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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foreign exchange

SBP Increases Forex Reserves by $29M Amid Economic Stability

November 21, 2024November 21, 2024Faisal Shahnawaz

Karachi, November 21, 2024 – The State Bank of Pakistan (SBP) reported an increase of $29 million in its foreign exchange (forex) reserves for the week ending November 15, 2024, reflecting improving economic stability.

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