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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Bank holidays for Ashura announced
KARACHI: The State Bank of Pakistan (SBP) on Wednesday announced bank holidays on August 08 and August 09, 2021 on occasion of Ashura. The central bank issued a circular and informed the presidents and chief executives of all banks, Development Financial Institutes (DFIs) and Microfinance Banks (MFBs) that the SBP would remain closed on 8th…
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SBP launches crackdown against exchange companies
KARACHI: The State Bank of Pakistan (SBP) has launched crackdown against exchange companies in order to end volatility in rupee value against the US dollar. A statement issued on Wednesday, the central bank said in view of recent volatility in the exchange rate and the difference between the interbank rate and the rate offered by…
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SBP issues KIBOR rates – August 03, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on August 03, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 14.64 15.14 2 – Week 14.74 15.24 1 – Month 14.86 15.36 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 03, 2022
On Wednesday, August 03, 2022, the State Bank of Pakistan (SBP) released the foreign exchange rates for customers, shedding light on the buying and selling prices of various currencies against the Pakistani Rupee (PKR).
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Foreign investors discuss economic situation with SBP
KARACHI: Foreign investors operating in the country have discussed ongoing economic situation with the State Bank of Pakistan, a statement said on Tuesday. The members of Overseas Investment Chamber of Commerce and Industry (OICCI), the body representing foreign investors and multinational companies in Pakistan, met with Dr. Murtaza Syed, Acting Governor, State Bank of Pakistan…
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SBP issues KIBOR rates – August 02, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on August 02, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 14.74 15.24 2 – Week 14.80 15.30 1 – Month 14.89 15.39 3 – Month 15.53 15.78 6 – Month 15.63 15.88 9 – Month 15.67 16.17…
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SBP imposes Rs85 million as penalty on JS Bank
KARACHI: The State Bank of Pakistan (SBP) has imposed a monetary penalty of Rs85 million on JS Bank Limited for violating regulatory instructions. The central bank said that JS Bank Limited had violated regulatory instructions pertaining to Customer Due Diligence (CDD) / Know Your Customer (KYC), Asset Quality, foreign exchange and general banking operations. READ…
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SBP’s customer forex rates – August 02, 2022
On Tuesday, August 02, 2022, the State Bank of Pakistan (SBP) published the foreign exchange rates for customers, offering insights into the buying and selling prices of various currencies against the Pakistani Rupee (PKR).
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High inflation may force further monetary tightening
The relentless surge in inflationary pressures may prompt the State Bank of Pakistan (SBP) to consider additional measures to tighten the monetary stance, as the central bank has already elevated the policy rate to 15 percent.
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SBP introduces foreign currency, rupee value business accounts
KARACHI: The State Bank of Pakistan (SBP) has announced a new category of foreign currency and rupee value business accounts to enhance financial inclusion and facilitate non-resident Pakistani investors.
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