KARACHI, June 24, 2025 — The State Bank of Pakistan (SBP) has officially released the details of unclaimed bank deposits surrendered by various banks and Development Financial Institutions (DFIs) up to December 31, 2023. In a public notice issued on Tuesday, the SBP informed the general public that these deposits had remained inactive for over ten years and are now available for refund claims.
(more…)Tag: State Bank of Pakistan
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SBP releases foreign currency rates for June 23, 2025
On June 23, 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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Banking deposits reach historic high of Rs32.72 trillion in Pakistan
Karachi, June 23, 2025 — Pakistan’s banking sector has reached a historic benchmark, with total deposits climbing to an all-time high of Rs32.72 trillion by the end of May 2025, as per the latest data released by the State Bank of Pakistan (SBP). This milestone reflects continued public trust in the banking system, even amid a challenging economic environment.
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NIBAF, Risk Associates sign pact to strengthen cyber defenses
KARACHI, June 21, 2025 — The National Institute of Banking and Finance-Pakistan (NIBAF Pakistan) and Risk Associates have entered into a strategic Memorandum of Understanding (MoU) aimed at significantly enhancing cybersecurity resilience across Pakistan’s financial sector. The signing ceremony took place at Risk Associates’ regional office in Karachi and marks a crucial milestone in cybersecurity capacity-building efforts.
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SBP releases foreign currency rates for June 20, 2025
On June 20, 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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Weekly foreign exchange reserves climb by $130 million: SBP
Karachi, June 19, 2025 – In a promising development for Pakistan’s external financial position, the State Bank of Pakistan (SBP) has announced an increase in the country’s foreign exchange reserves.
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SBP releases foreign currency rates for June 19, 2025
On June 19, 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 18, 2025
On June 18, 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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FDI drops to $1.98 billion in 11MFY25: SBP
Karachi, June 17, 2025 — The State Bank of Pakistan (SBP) has reported a decline in Foreign Direct Investment (FDI) during the first 11 months (July–May) of the fiscal year 2024-25.
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SBP releases foreign currency rates for June 17, 2025
On June 17, 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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