Karachi, September 11, 2023: The State Bank of Pakistan (SBP) on Monday issued foreign currency rates for September 11, 2023.
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SBP Likely to Raise Interest Rate to Record High of 24%: Survey
Karachi, September 8, 2023 – A survey conducted by Topline Securities indicates that a majority of respondents anticipate the State Bank of Pakistan (SBP) will increase the benchmark interest rate to a record high of 24 percent in the upcoming monetary policy committee (MPC) meeting scheduled for September 14, 2023.
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SBP Releases Foreign Currency Rates in Pakistani Rupee for September 8, 2023
Karachi, September 8, 2023 – The State Bank of Pakistan (SBP) has released the official foreign exchange rates for Friday, providing updated data on the buying and selling rates of major foreign currencies against the Pakistani Rupee (PKR).
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Pakistani Banks Raise Lending Cost to Record High at 24.62%
Karachi, September 8, 2023 – Analysts have reported that Pakistani banks have raised lending costs to a record high of 24.62 percent, indicating potential actions by the central bank to increase its benchmark policy rate to an all-time high in the near future.
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Pakistan Facilitates Conversion of Rs 5 Billion Worth Unregistered Prize Bonds
Karachi, September 8, 2023 – Pakistan has taken steps to facilitate its citizens in converting unregistered prize bonds worth approximately Rs 5 billion, with a deadline set for the end of June next year.
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Pakistan’s Foreign Exchange Reserves Decline to $13.13 Billion
Karachi, September 7, 2023 – Pakistan’s foreign exchange reserves have seen a decline, with the State Bank of Pakistan (SBP) reporting that the reserves stood at approximately $13.13 billion as of the week ending September 1, 2023.
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SBP Releases Foreign Currency Rates in Pakistani Rupee for September 7, 2023
Karachi, September 7, 2023: The State Bank of Pakistan (SBP) on Thursday issued foreign currency rates for September 7, 2023.
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State Bank of Pakistan Introduces Reforms in Exchange Companies
Islamabad, September 6, 2023 – The State Bank of Pakistan (SBP) has initiated a series of structural reforms aimed at enhancing the monitoring and governance of exchange companies operating within the country.
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SBP Enhances Minimum Paid-Up Capital Requirement for Exchange Companies to PKR 500 Million
Karachi, September 6, 2023 – In a significant move aimed at fortifying the financial stability of exchange companies in Pakistan, the State Bank of Pakistan (SBP) announced on Wednesday that it would be raising the minimum paid-up capital requirement for these entities from PKR 200 million to PKR 500 million.
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