The State Bank of Pakistan (SBP) on Wednesday released the official foreign currency exchange rates for September 13, 2023, reflecting the weighted average rates provided by commercial banks across the country.
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Government Bank Borrowing Surges by 72% in First Two Months of FY24
Karachi, September 13, 2023 – Government borrowing from banks has seen a substantial surge of 72 percent during the initial two months of the fiscal year 2023-24, as revealed by official data released on Tuesday.
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Bank Deposits Reach New Record High at Rs 26.11 Trillion
Karachi, September 12, 2023 – Pakistan’s bank deposits have surged to a historic high, reaching Rs 26.11 trillion by the end of August 2023, as per data released by the State Bank of Pakistan (SBP) on Tuesday.
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SBP Releases Foreign Currency Rates in Pakistan for September 12, 2023
Karachi, September 12, 2023: The State Bank of Pakistan (SBP) released the foreign currency exchange rates for September 12, 2023, based on the weighted average rates of commercial banks.
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SBP May Raise Benchmark Interest Rate to New High Amidst Inflation Woes
Karachi, September 12, 2023 – The State Bank of Pakistan (SBP) is likely to consider a substantial increase in the benchmark interest rate, potentially reaching a historic high above the current record of 22 percent.
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State Bank of Pakistan Announces Monetary Policy Meeting Schedule
Karachi, September 12, 2023 – The State Bank of Pakistan (SBP) has officially disclosed the date for its upcoming Monetary Policy Committee (MPC) meeting.
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Pakistan Sees Over 21% Decline in Workers’ Remittances in 2MFY24
Karachi, September 11, 2023 – Pakistan has witnessed a substantial decline in workers’ remittances, with inflows plummeting by over 21 percent during the first two months of fiscal year 2023-24.
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SBP Releases Foreign Currency Rates in Pakistan for September 11, 2023
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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