Karachi, February 12, 2024 – Pakistan’s economic landscape is grappling with a significant challenge as the State Bank of Pakistan (SBP) reveals that the country’s public debt has surged to 74.8 percent of the Gross Domestic Product (GDP) by the end of December 2023.
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SBP Issues Foreign Exchange Rates as of 12 February 2024
Karachi, 12 February 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 12 February 2024.
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Inflow of Remittances Dips to $15.82 Billion in 7MFY24
Karachi, February 12, 2024 – The State Bank of Pakistan (SBP) reported on Monday that the inflow of workers’ remittances has witnessed a decline to $15.82 billion during the first seven months (July – January) of the fiscal year 2023-24.
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Unregistered Prize Bonds Worth Rs 4.77 Billion Await Redemption
Karachi, February 12, 2024 – Unclaimed prize bonds worth a staggering Rs 4.77 billion are still up for grabs as the State Bank of Pakistan (SBP) extends the deadline for conversion until June 30, 2024.
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State Bank of Pakistan Announces Hiring for Assistant Directors
Karachi, February 11, 2024 – In a bid to strengthen its human resource foundation, the State Bank of Pakistan (SBP) has announced the initiation of hiring for assistant directors under the Officers Training Scheme (SBOTS) – 26th Batch.
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Pakistan Imposes Rs 136 Million Penalty on Bank Alfalah
Karachi, February 11, 2024 – In a significant development, the State Bank of Pakistan (SBP) has imposed a monetary penalty of Rs 136 million on Bank Alfalah for various regulatory violations during the calendar year 2023, according to official documents.
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Pakistan Faces $165 Million Drop in Weekly Forex Reserves
Karachi, February 9, 2024 – Pakistan’s economic landscape is under scrutiny as the State Bank of Pakistan (SBP) revealed a significant decline of $165 million in the country’s foreign exchange reserves for the week ended February 2, 2024.
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SBP Issues Foreign Exchange Rates on February 9, 2024
Karachi, February 9, 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 February 9, 2024.
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SBP Issues Foreign Exchange Rates on February 7, 2024
Karachi, February 7, 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 February 7, 2024.
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Bank Holiday for Pakistan General Elections on February 8, 2024
Karachi, February 6, 2024 – In a significant move to facilitate the democratic process, the State Bank of Pakistan (SBP) on Tuesday announced Bank Holiday on Thursday, February 8, 2024. This decision comes as a result of the upcoming general elections in Pakistan, scheduled for the same day.
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