SBP Archives - Page 81 of 372

SBP Issues Foreign Exchange Rates for September 16, 2024

September 16, 2024September 16, 2024Faisal Shahnawaz

Today, September 16, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.

Bank Holiday in Pakistan Announced for September 17, 2024

September 15, 2024September 15, 2024Faisal Shahnawaz

Karachi, September 15, 2024 – The State Bank of Pakistan (SBP) has officially announced a bank holiday on Tuesday, September 17, 2024, in observance of Eid Milad-un-Nabi (Sallallahu Alayhi Wa-Sallam).

SBP Issues Foreign Exchange Rates for September 13, 2024

September 13, 2024September 13, 2024Faisal Shahnawaz

Today, September 13, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.

SBP Announces Bank Holiday for Eid Milad-un-Nabi

September 13, 2024September 13, 2024Faisal Shahnawaz

Karachi, September 13, 2024 – The State Bank of Pakistan (SBP) has announced a bank holiday on Tuesday, September 17, 2024, in observance of Eid Milad-un-Nabi (Sallallahu Alayhi Wa-Sallam), the celebration of the birth of Prophet Muhammad (PBUH).

Pakistan’s Foreign Exchange Reserves Inch Up to $14.796 Billion

September 12, 2024September 12, 2024Shahnawaz Akhter

Karachi, September 12, 2024 – Pakistan’s foreign exchange reserves recorded a modest increase of $56 million, bringing the total to $14.796 billion by the week ending on September 6, 2024.

SBP Issues Foreign Exchange Rates for September 12, 2024

September 12, 2024September 12, 2024Faisal Shahnawaz

Today, September 12, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.

SBP Sharply Reduces Policy Rate by 200 bps to 17.5%

September 12, 2024September 12, 2024Shahnawaz Akhter

Karachi, September 12, 2024 – The State Bank of Pakistan (SBP) has announced a significant policy rate cut of 200 basis points (bps), bringing the rate down to 17.5%.

SBP Issues Foreign Exchange Rates for September 11, 2024

September 11, 2024September 11, 2024Faisal Shahnawaz

Today, September 11, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.

Government Borrowing Plummets 58% in Initial Months of FY25

September 11, 2024September 11, 2024Shahnawaz Akhter

Karachi, September 11, 2024 – In a striking development, the federal government’s borrowing from scheduled banks for budgetary support nosedived by 58 percent during the first two months of fiscal year 2025 (FY25), signaling a significant shift in fiscal management compared to the same period last year.

Pakistan Receives 84% Higher Remittances from UAE

September 10, 2024September 10, 2024Shahnawaz Akhter

Pakistan has seen a substantial surge in workers’ remittances from the United Arab Emirates (UAE) in the first two months of the 2024-25 fiscal year, according to recent data released by the State Bank of Pakistan (SBP).

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