Karachi, October 27, 2023 – The State Bank of Pakistan (SBP) has announced that the utilization of the Chinese Renminbi (RMB) for cross-border settlements will bolster bilateral ties between Pakistan and China.
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SBP Grants No Objection to ABL Exchange Company
Karachi, October 27, 2023 – Allied Bank Limited (ABL) has received approval from the State Bank of Pakistan (SBP) to establish an exchange company, marking a significant development in the financial sector.
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SBP Releases Foreign Currency Rates in Pakistan for October 27, 2023
Karachi, October 27, 2023: The State Bank of Pakistan (SBP) on Friday issued foreign currency rates for October 27, 2023.
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Pakistan Witnesses Drop in Foreign Exchange Reserves by $257 Million
Karachi, October 26, 2023 – Pakistan has witnessed a drop in foreign exchange reserves by $257 million on a weekly basis, as reported in an official statement issued on Thursday.
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SBP Makes Biometric Verification Mandatory for All Branchless Banking Transactions
Karachi, October 26, 2023 – The State Bank of Pakistan (SBP) has taken a significant step to combat money laundering and terrorist financing by making biometric verification mandatory for all branchless banking (BB) transactions.
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SBP Releases Foreign Currency Rates in Pakistan for October 26, 2023
Karachi, October 26, 2023 – The State Bank of Pakistan (SBP) on Thursday released the official foreign currency exchange rates, effective for October 26, 2023. These rates are based on the weighted average of transactions conducted by commercial banks across the country and are published daily to ensure transparency and consistency in the market.
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SBP Releases Foreign Currency Rates in Pakistan for October 25, 2023
Karachi, October 25, 2023: The State Bank of Pakistan (SBP) on Wednesday issued foreign currency rates for October 25, 2023.
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SBP Updates List of Eligible Audit Firms for Banks and Financial Institutions
KARACHI, October 25, 2023 – The State Bank of Pakistan (SBP) has recently made updates to the list of eligible audit firms for conducting audits of banks and financial institutions.
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SBP Penalizes Four Commercial Banks with Rs 83.16 Million for Regulatory Violations
Karachi, October 24, 2023 – The State Bank of Pakistan (SBP) has taken strict measures against four commercial banks, imposing a total monetary penalty of Rs 83.16 million due to regulatory violations.
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SBP Releases Foreign Currency Rates in Pakistan for October 24, 2023
Karachi, October 24, 2023: The State Bank of Pakistan (SBP) on Tuesday issued foreign currency rates for October 24, 2023.
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