Karachi, January 31, 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 31, 2024.
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SBP Announces Rs1 Million Prize for Banknote Art Competition
State Bank of Pakistan (SBP) has announced an exciting opportunity for artists with a generous Rs1,000,000 Grand Prize in its Art Competition for the upcoming New Banknote Series.
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SBP Slaps Rs 140.69M Regulatory Penalty on United Bank Limited
Karachi, January 31, 2024 – The State Bank of Pakistan (SBP) has taken stern action against United Bank Limited (UBL), imposing a regulatory penalty amounting to Rs 140.69 million for alleged violations of regulatory instructions throughout the calendar year 2023.
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Banks to Remain Closed on February 5, 2024 on Kashmir Day
Karachi, January 31, 2024 – In a recent announcement, the State Bank of Pakistan (SBP) declared that all banks will remain closed on February 5, 2024, in observance of Kashmir Day.
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SBP Announces 100% Advance Import Payment Approval
Karachi, January 30, 2024 – In a significant move aimed at facilitating trade and commerce, the State Bank of Pakistan (SBP) has granted approval for 100 percent advance payment for imports.
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SBP Issues Foreign Exchange Rates on January 30, 2024
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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