KARACHI: On Tuesday, the State Bank of Pakistan (SBP) released the foreign exchange rates for January 17, 2023.
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Singapore consortium takes major steps towards digital banking license in Pakistan
SINGAPORE: A Singapore-based consortium led by fintech firm Atlas Consolidated has taken major step towards digital banking license in Pakistan, which aimed to boost financial inclusion and products in the country through healthy financial habits.
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Karachi Interbank Offered Rates KIBOR – January 16, 2023
KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as on January 16, 2023.
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SBP’s weighted average customer exchange rates on January 16, 2023
KARACHI: On Monday, the State Bank of Pakistan (SBP) unveiled the foreign exchange rates for January 16, 2023.
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Redemption date for bearer prize bonds is June 30: SBP
KARACHI: State Bank of Pakistan (SBP) on Monday said redemption date for bearer prize bonds has been extended up to June 30, 2022.
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SBP may raise benchmark interest rate by 100bps to 17pc in upcoming policy announcement
KARACHI: State Bank of Pakistan (SBP) may increase the benchmark interest rate by 100 basis points to 17 per cent in upcoming policy announcement, analysts said on Monday.
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SBP enhances scope of foreign currency account funds utilization
KARACHI: State Bank of Pakistan (SBP) has enhanced scope of funds utilization in the foreign currency accounts in order to facilitate exporters.
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Workers’ remittances fall by 11pc in 1HFY23: SBP
KARACHI: The inflow of workers remittances declined by 11 per cent in first half (July – December) of fiscal year 2022-2023, according to data released by State Bank of Pakistan (SBP) on Friday.
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Pakistan issues operation license to five digital banks
KARACHI: Pakistan on Friday issued license to five full-fledged digital banks to operate in the country. The licenses have been issued under new regulatory environment.
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Karachi Interbank Offered Rates KIBOR – January 13, 2023
The State Bank of Pakistan (SBP) has released the latest Karachi Interbank Offered Rates (KIBOR) for all major tenors, effective as of January 13, 2023. The updated KIBOR rates serve as a benchmark for lending in the interbank market and are closely watched by banks, borrowers, and financial institutions for making short- to long-term financial decisions.
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