Karachi, June 28, 2023: Repatriation of profit and dividends by foreign investors from Pakistan has experienced a significant decline, plunging by 80 percent during the eleven months of the fiscal year 2022-23, according to data released by the State Bank of Pakistan (SBP).
(more…)Tag: State Bank of Pakistan
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SBP’s weighted average customer exchange rates on June 27, 2023
Karachi, June 27, 2023: The State Bank of Pakistan (SBP) on Tuesday issued foreign exchange rates for June 27, 2023.
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Karachi Interbank Offered Rates KIBOR – June 26, 2023
KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as on June 26, 2023.
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SBP Surprises with 100 Basis Point Increase in Benchmark Policy Rate to 22%
Karachi, June 26, 2023 – In an unexpected move on Monday, the State Bank of Pakistan (SBP) raised the benchmark key policy rate by 100 basis points to 22 percent.
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SBP Warns Public: Prize Bonds to Become Worthless after June 30, 2023
Karachi, June 26, 2023 – The State Bank of Pakistan (SBP) issued a warning on Monday, stating that prize bonds will become worthless if not encashed before June 30, 2023.
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SBP’s weighted average customer exchange rates on June 26, 2023
Karachi, June 26, 2023: The State Bank of Pakistan (SBP) on Monday issued foreign exchange rates for June 26, 2023.
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SBP Issues Special Instructions to Banks for Duty and Tax Collection
Karachi, June 24, 2023: The State Bank of Pakistan (SBP) has issued special instructions to banks in order to facilitate taxpayers during the upcoming holidays and ensure the smooth collection of duty and taxes.
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Pakistan Withdraws Ban on Import Payments
Karachi, June 23, 2023 – In a significant move aimed at bolstering its economy, Pakistan has officially withdrawn the ban on payments for the import of goods.
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SBP’s weighted average customer exchange rates on June 23, 2023
Karachi, June 22, 2023: The State Bank of Pakistan (SBP) on Friday issued foreign exchange rates for June 23, 2023.
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Pakistan’s Foreign Exchange Reserves Plunge by $514 Million, Raising Concerns
Karachi, June 22, 2023 – Pakistan’s foreign exchange reserves have experienced a significant decline, dropping by $514 million over the past week, according to the State Bank of Pakistan (SBP).
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