On June 30, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
(more…)Tag: State Bank of Pakistan
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Audit firms face FBR inspection over dubious tax certification
Karachi, June 29, 2025 – In a landmark move, the Federal Board of Revenue (FBR) will now subject audit firms to official inspection in cases involving questionable tax certifications. This significant development comes through the Finance Act, 2025, which aims to hold not just taxpayers, but also their auditors, accountable for misrepresentations in sales tax matters.
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SBP releases foreign currency rates for June 27, 2025
On June 27, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
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SBP issues banking schedule for fiscal year-end tax collection
Karachi, June 27, 2025 — The State Bank of Pakistan (SBP) has released a comprehensive banking schedule aimed at facilitating the collection of government duties and taxes at the end of the fiscal year 2024–25.
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SBP declares bank holiday on July 1, 2025
Karachi, June 27, 2025 – The State Bank of Pakistan (SBP) has officially declared a bank holiday for Tuesday, July 1, 2025. This annual closure is part of the central bank’s traditional year-end financial closing operations.
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Pakistan’s weekly forex reserves fall $2.61 billion before fiscal close
Karachi, June 26, 2025 — Pakistan’s foreign exchange (forex) reserves have witnessed a dramatic plunge of $2.61 billion in just one week, raising fresh concerns over the country’s external financial stability ahead of the fiscal year-end.
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SBP releases foreign currency rates for June 26, 2025
On June 26, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
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SBP data reveals strong growth in digital transactions
Karachi, June 25, 2025 — The State Bank of Pakistan (SBP) has reported a remarkable transformation in Pakistan’s digital payments ecosystem, highlighting robust growth in transaction volumes and user adoption during the third quarter of FY2024–25.
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SBP releases foreign currency rates for June 25, 2025
On June 25, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
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SBP releases foreign currency rates for June 24, 2025
On June 24, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
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