Karachi, November 10, 2023 –Pakistan has recorded a substantial 11.54% increase in foreign remittances, reaching $2.46 billion in October 2023. This surge, as reported by the State Bank of Pakistan (SBP) on Friday, is attributed to the government’s robust crackdown against currency smuggling and hoarding.
(more…)Tag: State Bank of Pakistan
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SBP Orders Banks to Close Branches in Smog-Affected Punjab
Karachi, November 8, 2023 – In response to the Punjab government’s public holiday declaration on Friday, November 10, 2023, due to the severe smog situation, the State Bank of Pakistan (SBP) has directed all commercial banks and microfinance institutions (MFIs) to close their branches in affected areas of the province.
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State Bank of Pakistan Issues Foreign Currency Rates on November 08, 2023
Karachi, November 08, 2023: The State Bank of Pakistan (SBP) on Wednesday issued foreign currency rates for November 08, 2023.
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Unclaimed Prize Bonds Worth Rs 5 Billion Linger Despite Deadline Extension
Karachi, November 8, 2023 – In a startling revelation, official data from the State Bank of Pakistan (SBP) has shown that discontinued bearer prize bonds worth a staggering Rs 5 billion remain unclaimed as of September 30, 2023.
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State Bank of Pakistan Issues Foreign Currency Rates on November 07, 2023
Karachi, November 07, 2023: The State Bank of Pakistan (SBP) on Tuesday issued foreign currency rates for November 07, 2023.
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UBL Continues Legal Battle Against SBP’s Rs 4.09 Billion Penalty Since 2016
Karachi, November 7, 2023 – United Bank Limited (UBL) has been embroiled in a legal dispute with the State Bank of Pakistan (SBP) since 2016 over a penalty totaling Rs 4.09 billion.
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State Bank of Pakistan Issues Foreign Currency Rates on November 6, 2023
State Bank of Pakistan (SBP) on November 6, 2023, updated foreign currency exchange rates were issued, presenting significant insights for traders and the business community.
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SBP Declares Bank Holiday on Allama Iqbal Day
Karachi, November 4, 2023 – The State Bank of Pakistan (SBP) has officially announced a bank holiday scheduled for November 9, 2023, in observance of Allama Iqbal Day.
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State Bank of Pakistan Issues Foreign Currency Rates on November 3, 2023
Karachi, November 3, 2023: The State Bank of Pakistan (SBP) on Friday issued foreign currency rates for November 3, 2023.
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Arab Monetary Fund and Pakistan Forge Partnership to Boost Cross-Border Remittances
Karachi, November 3, 2023 – The Arab Monetary Fund (AMF) and Pakistan have inked a Memorandum of Understanding (MoU) for enhancing cross-border remittances.
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