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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SBP Releases Foreign Currency Rates in Pakistan for September 21, 2023
Karachi, September 21, 2023: The State Bank of Pakistan (SBP) on Thursday issued foreign currency rates for September 21, 2023.
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Pakistan Raises Massive Rs 2.14 Trillion via Treasury Bill Auction
Karachi, September 20, 2023 – Pakistan secured a staggering Rs 2.14 trillion in funds through the sale of treasury bills during an auction conducted by the State Bank of Pakistan (SBP) on Wednesday.
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Pakistan Approves Establishment of Five Digital Retail Banks
Karachi, September 20, 2023 – The State Bank of Pakistan (SBP) has granted In-Principle Approval (IPA) for the establishment of five digital retail banks (DRBs), signaling a significant step in the country’s financial landscape.
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SBP Releases Foreign Currency Rates in Pakistan for September 20, 2023
Karachi, September 20, 2023: The State Bank of Pakistan (SBP) on Wednesday issued foreign currency rates for September 20, 2023.
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SBP Increases Profit Rates on USD-Based Naya Pakistan Certificates
Karachi, September 19, 2023 – The State Bank of Pakistan (SBP) announced on Tuesday that the government has raised the profit rates on USD-based Naya Pakistan Certificates, making these investment instruments even more attractive for investors.
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SBP Releases Foreign Currency Rates in Pakistan for September 19, 2023
Karachi, September 19, 2023: The State Bank of Pakistan (SBP) on Tuesday issued foreign currency rates for September 19, 2023.
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Private Sector Bank Deposits Soar by 21% as Investors Seek Secure Havens
Karachi, September 18, 2023 – The private sector in Pakistan has shown a significant surge in bank deposits, increasing by a remarkable 21 percent. This uptick reflects a growing preference for secure investments in the face of ongoing economic challenges.
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Banking Sector Records Impressive 125% Profit Surge Amid Economic Challenges, Reports SBP
Karachi, September 18, 2023 – Despite facing economic challenges, Pakistan’s banking sector has witnessed a remarkable surge in profit by 125 percent during the first half of fiscal year 2023, according to a report released by the State Bank of Pakistan (SBP) on Monday.
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