Karachi, September 27, 2023 – Pakistan has experienced a remarkable 81 percent increase in payments made through mobile phones and internet banking during the fiscal year 2022-23, as indicated by a report released by the central bank on Wednesday.
(more…)Tag: State Bank of Pakistan
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SBP Releases Foreign Currency Rates in Pakistan for September 27, 2023
Karachi, September 27, 2023: The State Bank of Pakistan (SBP) on Wednesday issued foreign currency rates for September 27, 2023.
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Banks to Extend Saturday Hours for Duty Drawback Claims
Karachi, September 27, 2023 – In a move to facilitate the resubmission of claims under duty drawback schemes, the State Bank of Pakistan (SBP) has directed commercial banks to keep their branches open on Saturday, September 30, 2023.
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Karachi Interbank Offered Rates KIBOR – September 26, 2023
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on September 26, 2023.
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Pakistan Declares Bank Holiday on September 29
Karachi, September 26, 2023 – Pakistan has officially announced a bank holiday on September 29, 2023, in honor of Eid Milad-un-Nabi (Sallallahu Alayhi Wa-Sallam), a significant Islamic holiday that celebrates the birth of the Prophet Muhammad (Peace Be Upon Him).
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SBP Releases Foreign Currency Rates in Pakistan for September 26, 2023
Karachi, September 26, 2023: The State Bank of Pakistan (SBP) on Tuesday issued foreign currency rates for September 26, 2023.
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SBP Suspends Authorization of Two Exchange Companies for Regulatory Violations
KARACHI, September 25, 2023 – The State Bank of Pakistan (SBP) announced on Monday that it has suspended the authorization of two exchange companies for violations of regulatory guidelines.
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SBP Releases Foreign Currency Rates in Pakistan for September 25, 2023
Karachi, September 25, 2023: The State Bank of Pakistan (SBP) on Monday issued foreign currency rates for September 25, 2023.
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Pakistan’s Foreign Exchange Reserves Increase by $107 Million, Reach $13.186 Billion
Karachi, September 21, 2023 – Pakistan’s foreign exchange reserves have seen an increase of $107 million for the week ending September 15, 2023, according to official data released on Thursday by the State Bank of Pakistan (SBP).
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State Bank of Pakistan Introduces Cash Slabs to Promote Remittances
Karachi, September 21, 2023 – The State Bank of Pakistan (SBP) announced the introduction of cash slabs as part of incentive schemes to promote remittances and encourage domestic financial institutions (FIs) to increase their marketing efforts for mobilizing home remittances through formal channels.
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