Jan 27

Rules amended on remittances on behalf of Hajj, Umrah organizers

KARACHI: The State Bank of Pakistan (SBP) on Thursday amended instructions in Foreign Exchange Manual regarding remittances on behalf of Hajj group and Umrah organizers. The central bank invited attention of banks and exchange companies to Para 45A and 45B, Chapter 17 (Travel) of Foreign Exchange Manual in terms of which banks and exchange companies […]

by Hamza Shah

Pakistan’s forex reserves plunge by $866 million

Jan 27

Finance

Pakistan’s forex reserves plunge by $866 million

KARACHI: Pakistan’s liquid foreign exchange reserves plunged by $866 million to $22.482 billion by week ended January 21, 2022, the central bank said on Thursday. The country’s foreign exchange reserves were at $23.35 billion by week ended January 14, 2022, the State Bank of Pakistan (SBP) said. The official reserves of the central bank sharply […]

by Hamza Shah

SBP issues KIBOR rates on January 27, 2022

Jan 27

Exchange Rates

SBP issues KIBOR rates on January 27, 2022

KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as of January 27, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.74 10.24 2 – Week 9.78 10.28 1 – Month 9.82 10.32 3 – Month 10.08 10.33 6 – Month 10.49 10.74 9 – Month 10.63 11.13 […]

by Faisal Shah

Jan 27

Exchange Rates

Customers’ exchange rates on January 27, 2022

KARACHI: The State Bank of Pakistan (SBP) on Thursday issued customers’ exchange rates for January 27, 2022. The exchange rate is on the basis of weighted average rates of commercial banks. The SBP said the data is compiled and disseminated for information only. These exchange rates are estimates that quoted by various commercial banks to their clients. The banks provide their indicative exchange rates for commercial transactions with customers. CURRENCY BUYING SELLING AED […]

by Faisal Shah

Jan 26

Money & Banking, Trade & Industry

SBP organizes SME exhibition in Multan

KARACHI: State Bank of Pakistan (SBP) in collaboration with Multan Chamber of Commerce & Industry (MCCI) organized a two-day SME Exhibition on January 24-25, 2022. The event was attended by officials and members of chambers of industry & commerce, associations of traders and women entrepreneurs, and SMEs clusters of Multan, Khanewal, Vehari, D.G. Khan besides […]

by Faisal Shah

SBP issues KIBOR rates on January 26, 2022

Jan 26

Exchange Rates

SBP issues KIBOR rates on January 26, 2022

KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as of January 26, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.71 10.21 2 – Week 9.76 10.26 1 – Month 9.81 10.31 3 – Month 10.03 10.28 6 – Month 10.80 11.05 9 – Month 10.91 11.41 […]

by Faisal Shah

Jan 26

Exchange Rates

Customers’ exchange rates on January 26, 2022

KARACHI: The State Bank of Pakistan (SBP) on Wednesday issued customers’ exchange rates for January 26, 2022. The exchange rate is on the basis of weighted average rates of commercial banks. The SBP said the data is compiled and disseminated for information only. These exchange rates are estimates that quoted by various commercial banks to their clients. The banks provide their indicative exchange rates for commercial transactions with customers. CURRENCY BUYING SELLING AED […]

by Faisal Shah

SBP issues KIBOR rates on January 25, 2022

Jan 25

Exchange Rates

SBP issues KIBOR rates on January 25, 2022

KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as of January 25, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.73 10.23 2 – Week 9.77 10.27 1 – Month 9.83 10.33 3 – Month 10.02 10.27 6 – Month 10.83 11.08 9 – Month 10.94 11.44 […]

by Faisal Shah

Jan 25

Exchange Rates

Customers’ exchange rates on January 25, 2022

KARACHI: The State Bank of Pakistan (SBP) on Tuesday issued customers’ exchange rates for January 25, 2022. The exchange rate is on the basis of weighted average rates of commercial banks. The SBP said the data is compiled and disseminated for information only. These exchange rates are estimates that quoted by various commercial banks to their clients. The banks provide their indicative exchange rates for commercial transactions with customers. CURRENCY BUYING SELLING AED […]

by Faisal Shah

SBP issues KIBOR rates on January 24, 2022

Jan 24

Exchange Rates

SBP issues KIBOR rates on January 24, 2022

KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as of January 24, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.75 10.25 2 – Week 9.81 10.31 1 – Month 9.86 10.36 3 – Month 10.16 10.41 6 – Month 11.18 11.43 9 – Month 11.23 11.73 […]

by Faisal Shah