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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Pakistan’s receives record high $31.2bn remittances in FY22
KARACHI: The remittances sent by overseas Pakistani hit all time high on annual basis to $31.2 billion in fiscal year 2021/2022, the State Bank of Pakistan (SBP) said on Monday. The overseas Pakistanis sent $31.24 billion during fiscal year 2021/2022 as compared with $29.45 billion in the preceding fiscal year, showing a growth of 6.1…
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SBP issues KIBOR rates – July 15, 2022
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as on July 15, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 14.14 14.64 2 – Week 14.31 14.81 1 – Month 14.70 15.20 3 – Month 15.09 15.34 6 – Month 15.54 15.79 9 – Month 15.62 16.12…
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SBP’s customer forex rates – July 15, 2022
KARACHI: The State Bank of Pakistan (SBP) has issued the foreign exchange rates for customers on July 15, 2022, based on the weighted average rates of commercial banks.
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Pakistan’s forex reserves drop to $15.61 billion
KARACHI: The foreign exchange reserves of Pakistan have dropped by $132 million to $15.61 billion by week ended July 07, 2022, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were at $15.742 billion a week ago i.e. June 30, 2022. READ MORE: Pakistan’s forex reserves deplete to $15.74…
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SBP issues KIBOR rates – July 14, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on July 14, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 14.21 14.71 2 – Week 14.37 14.87 1 – Month 14.75 15.25 3 – Month 15.34 15.59 6 – Month 15.62 15.87 9 – Month 15.66 16.16…
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SBP’s customer forex rates – July 14, 2022
KARACHI: The State Bank of Pakistan (SBP) has published the customer foreign exchange rates on July 14, 2022. These rates, based on the weighted average rates of commercial banks, play a crucial role in guiding transactions involving foreign currencies.
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SBP’s monetary policy tightening appropriate: IMF
ISLAMABAD: The International Monetary Fund (IMF) has supported the monetary tightening by the State Bank of Pakistan (SBP) saying that it was necessary to bring down inflation. The IMF in a statement related to Staff Level Agreement (SLA) with Pakistan authorities, issued on Thursday said that Pakistan’s headline inflation exceeded 20 percent in June, hurting…
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SBP issues KIBOR rates – July 13, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on July 13, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 14.32 14.82 2 – Week 14.49 14.99 1 – Month 14.85 15.35 3 – Month 15.38 15.63 6 – Month 15.62 15.87 9 – Month 15.67 16.17…
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SBP’s customer forex rates – July 13, 2022
KARACHI: The State Bank of Pakistan (SBP) has issued the foreign exchange (forex) rates for customers on July 13, 2022, based on the weighted average rates of commercial banks.
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Pakistan’s forex reserves deplete to $15.74 billion
KARACHI: The foreign exchange reserves of Pakistan have depleted by $454 million to $15.742 billion by week ended June 30, 2022, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were at $16.196 billion a week ago i.e. June 24, 2022. READ MORE: State Bank’s reserves dip to 32-month…
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