KARACHI: On June 03, 2022, the State Bank of Pakistan (SBP) issued the foreign exchange rates for customers, providing insight into the values of various currencies in Pakistani Rupees (PKR).
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SBP’s forex reserves fall two-year low to $9.72 billion
KARACHI: The official foreign exchange reserves of the State Bank of Pakistan (SBP) fell two years low to $9.72 billion by week ended May 27, 2022, a statement said on Thursday.
The SBP foreign exchange reserves were at $10.089 billion a week ago i.e. May 20, 2022. The central bank said that its reserves were decreased by $366 million to $ 9.723 billion due to external debt repayment.
READ MORE: Moody’s changes Pakistan’s outlook to negative
The SBP’s foreign exchange reserves were at $9.96 billion on June 19, 2020.
The foreign exchange reserves held by the central bank witnessed a record high at $20.146 billion by week ended August 27, 2021. Since touching the peak the central bank’s foreign exchange witnessed a continuous decline. The official reserves of the SBP fell around $10.423 billion by week ended May 27, 2022 from touching the peak on August 27, 2021.
READ MORE: Pakistan’s headline inflation up by 13.8% in May 2022
The official reserves of the SBP also reduced to payment for 1.46 months for import cover.
Overall the foreign exchange reserves of the country declined by $379 million to $15.771 billion by week ended May 27, 2022 as compared with $16.150 billion a week ago.
READ MORE: Raw materials excluded from import banned items list
The country’s foreign exchange reserves hit all-time high of $27.228 billion on August 27, 2021. Since then the foreign exchange reserves have declined by $11.547 billion.
The foreign exchange held by commercial banks witnessed a slight decline of $13 million to $6.048 billion by week ended May 27, 2022 as compared with $6.061 billion a week ago.
READ MORE: Pakistan’s high growth threatened by fiscal imbalances
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SBP issues KIBOR rates – June 02, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on June 02, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 13.73 14.23 2 – Week 13.79 14.29 1 – Month 13.92 14.42 3 – Month 14.77 15.02 6 – Month 14.93 15.18 9 – Month 15.05 15.55 1 – Year 15.06 15.56 -
SBP’s customer forex rates – June 02, 2022
KARACHI: On June 02, 2022, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, providing insights into the values of various currencies in Pakistani Rupees (PKR).
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SBP issues KIBOR rates – June 01, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on June 01, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 13.70 14.20 2 – Week 13.75 14.25 1 – Month 13.81 14.31 3 – Month 14.24 14.49 6 – Month 14.44 14.69 9 – Month 14.50 15.00 1 – Year 14.53 15.03 -
SBP’s customer forex rates – June 01, 2022
KARACHI: The State Bank of Pakistan (SBP) has published the foreign exchange rates for customers on June 01, 2022.
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SBP issues KIBOR rates – May 31, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on May 31, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 13.69 14.19 2 – Week 13.75 14.25 1 – Month 13.81 14.31 3 – Month 14.24 14.49 6 – Month 14.45 14.70 9 – Month 14.50 15.00 1 – Year 14.52 15.02 -
SBP’s customer forex rates – May 31, 2022
KARACHI: The State Bank of Pakistan (SBP) has published the foreign exchange rates for customers on May 31, 2022.
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SBP issues KIBOR rates – May 30, 2022
KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as on May 30, 2022.
Following are the latest KIBOR rates:
Tenor BID OFFER 1 – Week 13.67 14.17 2 – Week 13.72 14.22 1 – Month 13.79 14.29 3 – Month 14.24 14.49 6 – Month 14.46 14.71 9 – Month 14.50 15.00 1 – Year 14.51 15.01 -
SBP’s customer forex rates – May 30, 2022
KARACHI: The State Bank of Pakistan (SBP) released the foreign exchange rates for customers on May 30, 2022.
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