Tag: State Bank of Pakistan
Get the latest State Bank of Pakistan (SBP) news, monetary policy updates, exchange rates, banking regulations, and economic insights.
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SBP issues options to make donation in PM flood relief fund
KARACHI: The State Bank of Pakistan (SBP) on Saturday issued multiple options to make donations in prime minister flood relief fund 2022. The central bank said that the government had notified establishment of a flood relief fund, namely, Prime Minister’s Flood Relief Fund, 2022, for providing relief and rehabilitation to the affected population due to…
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SBP relaxes cash margin restriction on import
KARACHI: The State Bank of Pakistan (SBP) has relaxed restriction on cash margin requirement on imported items. According to a circular issued on August 05, 2022, the SBP said that banks were required to maintain 100 percent cash margin against certain items of import (HS codes), regardless of the mode of payment. READ MORE: SBP…
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SBP advises banks to issue digital verification for remittances
KARACHI: State Bank of Pakistan (SBP) has advised banks to issue digital verification for proceeds realization certificate (PRCs) against remittances.
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SBP issues KIBOR rates – August 05, 2022
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as on August 05, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 14.78 15.28 2 – Week 14.83 15.33 1 – Month 14.89 15.39 3 – Month 15.54 15.79 6 – Month 15.64 15.89 9 – Month 15.69 16.19…
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SBP’s customer forex rates – August 05, 2022
On Friday, August 05, 2022, the State Bank of Pakistan (SBP) revealed the foreign exchange rates for customers, providing crucial information about the buying and selling prices of various currencies against the Pakistani Rupee (PKR).
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SBP takes regulatory action against TAG Innovation
KARACHI, August 18, 2023 – The State Bank of Pakistan (SBP) has taken decisive action against M/s. TAG Innovation Pvt. Ltd., a company currently undergoing the Electronic Money Institution (EMI) licensing process, for breaching regulatory requirements and other concerns during its pilot operations phase.
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Pakistan’s foreign reserves dip to $14.21 billion
KARACHI: Pakistan’s foreign exchange reserves have declined by $207 million to $14.208 billion by week ended July 29, 2022, the State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were at $14.415 billion by week ended July 22, 2022. The country’s foreign exchange reserves hit all-time high of $27.228…
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SBP issues KIBOR rates – August 04, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on August 04, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 14.75 15.25 2 – Week 14.81 15.31 1 – Month 14.89 15.39 3 – Month 15.56 15.81 6 – Month 15.65 15.90 9 – Month 15.70 16.20…
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SBP’s customer forex rates – August 04, 2022
On Thursday, August 04, 2022, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, offering valuable information on the buying and selling prices of various currencies against the Pakistani Rupee (PKR).
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FPCCI demands SBP to check speculative dollar trading
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday demanded the State Bank of Pakistan (SBP) to check speculative dollar trading. FPCCI President Irfan Iqbal Sheikh at a meeting with high level delegation of the SBP visited the Federation House, urged the central bank to use policy tool to check the speculative…
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