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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Interest rates on export, business loans enhanced to 10%
KARACHI: The State Bank of Pakistan (SBP) on Thursday enhanced the interest rates under export refinancing and long term refinancing to 10 per cent. The SBP in a circular said that as mentioned in the above-referred circular, the rates of Export Finance Scheme (EFS) and Long Term Financing Facility (LTFF) have now been linked with…
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SBP issues KIBOR rates – July 07, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on July 07, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 13.08 13.58 2 – Week 13.47 13.97 1 – Month 13.85 14.35 3 – Month 15.11 15.36 6 – Month 15.27 15.52 9 – Month 15.32 15.82…
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Pakistan hikes key policy rate by 125 basis points to 15%
KARACHI: The central bank of Pakistan on Thursday announced to hike policy rate by 125 basis points to 15 per cent from 13.75 per cent. The SBP in a statement said that at today’s (July 07, 2022) meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by 125 basis points to 15…
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SBP’s customer forex rates – July 07, 2022
KARACHI: The State Bank of Pakistan (SBP) has released the foreign exchange rates for customers on July 07, 2022. These rates, based on the weighted average rates of commercial banks, provide valuable information for individuals and businesses involved in international trade and financial transactions.
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SBP directs banks to open branches on July 8, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday directed banks to open their branches on July 08, 2022 – the first holiday for Eid-ul-Adha to facilitate people. The federal government has announced five days of holidays on the occasion of Eid ul Adha. Subsequently, the SBP also announced holidays from July 8 to July 12,…
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SBP enables banks to get regulatory approval digitally
KARACHI: The State Bank of Pakistan (SBP) has launched Regulatory Approval System (RAS) under which banks have been enabled to get approval digitally.
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SBP issues KIBOR rates – July 06, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on July 06, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 13.12 13.62 2 – Week 13.45 13.95 1 – Month 13.83 14.33 3 – Month 15.09 15.34 6 – Month 15.24 15.49 9 – Month 15.30 15.80…
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SBP’s customer forex rates – July 06, 2022
KARACHI: The State Bank of Pakistan (SBP) has published the foreign exchange rates for customers on July 06, 2022. These rates, based on the weighted average rates of commercial banks, serve as important indicators for individuals and businesses engaged in international trade and financial transactions.
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SBP makes permission mandatory for motor car import
KARACHI: The State Bank of Pakistan (SBP) on Tuesday made it mandatory for banks to take prior permission for making transactions related to import of motor cars in Completely Knocked Down (CKD). The SBP issued a circular to implement the decision. The central bank invited attention of banks to EPD Circular Letter No. 9 dated…
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SBP issues KIBOR rates – July 05, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on July 05, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 13.39 13.89 2 – Week 13.59 14.09 1 – Month 13.84 14.34 3 – Month 15.08 15.33 6 – Month 15.24 15.49 9 – Month 15.29 15.79…
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