Karachi, December 30, 2023 – The State Bank of Pakistan (SBP) has unveiled its latest Quarterly Payment Systems Report, showcasing the dynamic landscape of the country’s payment ecosystem during the first quarter of the fiscal year 2023-24.
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Banks Extend Hours for Year-End Tax Collection
Karachi, December 29, 2023 – In an effort to ease the tax collection process and accommodate taxpayers, banks in Pakistan are set to extend their working hours on the last two weekly holidays of 2023, December 30 and 31.
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SBP Introduces “Sunwai” Portal for Effortless Banking Complaints
Karachi, December 29, 2023 – The State Bank of Pakistan (SBP) took a significant step towards enhancing customer satisfaction on Friday by launching a dedicated portal, ‘Sunwai,’ aimed at streamlining the process of lodging complaints against banks, microfinance banks (MFBs), and development financial institutions (DFIs).
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SBP Releases Foreign Exchange Rates for December 29, 2023
KARACHI, December 29, 2023 – Today, the State Bank of Pakistan (SBP) has disclosed the foreign exchange rates for customers, setting the tone for cross-border transactions on December 29, 2023.
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Bank Holiday Declared on January 1, 2024 by SBP
Karachi, December 29, 2023 – In an official announcement, the State Bank of Pakistan (SBP) declared a bank holiday on January 1, 2024.
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SBP Records $852 Million Surge in Foreign Exchange Reserves
Karachi, December 28, 2023 – The State Bank of Pakistan (SBP) reported a significant uptick in its official foreign exchange reserves, recording a noteworthy increase of $852 million for the week ending December 22, 2023.
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SBP Releases Foreign Exchange Rates for December 28, 2023
KARACHI, December 28, 2023 – Today, the State Bank of Pakistan (SBP) has disclosed the foreign exchange rates for customers, setting the tone for cross-border transactions on December 28, 2023.
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Foreign Investors Withdraw $532 Million from Pakistan in 5MFY24
Karachi, December 28, 2023 – In the first five months (July – November) of fiscal year 2023-24, foreign investors have withdrawn $532 million from Pakistan under the category of profit and dividends, according to data released by the State Bank of Pakistan (SBP).
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SBP Issues Instructions to Banks for ITM Export Facilitation
Karachi, December 27, 2023 – The State Bank of Pakistan (SBP) has issued crucial instructions to banks regarding International Toll Manufacturing (ITM) under the Export Facilitation Scheme (EFS).
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SBP Releases Foreign Exchange Rates for December 27, 2023
KARACHI, December 27, 2023 – Today, the State Bank of Pakistan (SBP) has disclosed the foreign exchange rates for customers, setting the tone for cross-border transactions on December 27, 2023.
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