Karachi, January 30, 2024 – Today, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions on January 30, 2024.
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SBP Launches Art Competition for New Banknote Series
Karachi, January 30, 2024 – In a bid to infuse creativity and innovation into the national currency, the State Bank of Pakistan (SBP) has announced an art competition inviting local artists, designers, and art students to contribute their ideas for the upcoming new series of banknotes.
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Mobilink Bank Faces Rs 35.11M Penalty for AML Breach
Karachi, January 30, 2024 – Mobilink Microfinance Bank Limited is facing the repercussions of breaching Anti-Money Laundering (AML) and Combating of Terror Financing (CFT) regulations, as the State Bank of Pakistan (SBP) has imposed a substantial penalty of Rs 35.11 million.
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Pakistan Fines 10 Banks Rs 465 Million for Regulatory Violations
Karachi, January 29, 2024 – In a significant move to uphold regulatory compliance in the banking sector, Pakistan has imposed a substantial monetary penalty totaling Rs 465 million on 10 commercial banks.
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Pakistan to Introduce New Series of Currency Notes
Karachi, January 29, 2024 – In a move aligning with global trends, the State Bank of Pakistan (SBP) has decided to introduce a new series of currency notes, boasting enhanced security features.
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SBP Maintains Policy Rate at 22% for Fifth Consecutive Time
Karachi, January 29, 2024 – In a highly anticipated decision, the State Bank of Pakistan (SBP) announced on Monday that it will keep the benchmark policy rate unchanged at 22 percent.
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SBP Issues Foreign Exchange Rates on January 29, 2024
Karachi, January 29, 2024 – Today, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions on January 29, 2024.
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Foreign Profit Repatriation Surges 161% Before Pakistan Elections
Karachi, January 27, 2024 – In a startling revelation, official data released by the State Bank of Pakistan (SBP) on Friday disclosed a staggering 161 percent surge in foreign profit and dividend repatriation from Pakistan in the first half of the fiscal year 2023-24.
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SBP Issues Foreign Exchange Rates on January 26, 2024
Karachi, January 26, 2024 – Today, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions on January 26, 2024.
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Anticipation of Stable 22% Policy Rate at Upcoming SBP Meeting
Karachi, January 25, 2024 – Topline Research’s recent poll has revealed a prevailing expectation of a status quo in the benchmark policy rate at 22 percent during the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) meeting scheduled for January 29, 2024.
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