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 may see further 100bps hike in policy rate
KARACHI: Pakistan central bank is scheduled to review policy rate on July 07, 2022 and analysts believed an increase of up to 100 basis points due to surge in inflation. A report of K Trade Research issued on Tuesday, stated that the State Bank of Pakistan (SBP) scheduled its monetary policy meeting for July 07,…
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SBP’s customer forex rates – July 05, 2022
KARACHI: The State Bank of Pakistan (SBP) has unveiled the foreign exchange rates for customers on July 05, 2022. These rates, based on the weighted average rates of commercial banks, play a significant role in guiding transactions involving foreign currencies and are essential for individuals and businesses engaged in international trade.
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SBP adopts Sharia standards of accounting, auditing
KARACHI: State Bank of Pakistan (SBP) on Monday said it has adopted Sharia standards of accounting and auditing for Islamic banks in the country. In a statement, the central bank said strengthening Shariah compliance of Islamic banking industry in line with the best international practices is one of the key pillars of SBP’s 3rd Strategic…
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SBP issues KIBOR rates – July 04, 2022
KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as on July 04, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 13.41 13.91 2 – Week 13.60 14.10 1 – Month 13.80 14.30 3 – Month 15.07 15.32 6 – Month 15.23 15.48 9 – Month 15.27 15.77…
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Bank holidays announced for Eid ul Adha 2022
KARACHI: The State Bank of Pakistan (SBP) on Monday announced bank holidays on the occasion of Eid ul Adha 2022. In a circular issued to president and chief executives of all banks, development financial institutions and microfinance banks, the central bank said the SBP will remain closed from 8th to 12th July, 2022 (Friday to…
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SBP’s customer forex rates – July 04, 2022
KARACHI: The State Bank of Pakistan (SBP) has published the foreign exchange rates for customers on July 04, 2022.
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SBP issues KIBOR rates – June 30, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on June 30, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 13.30 13.80 2 – Week 13.53 14.03 1 – Month 13.66 14.16 3 – Month 14.91 15.16 6 – Month 15.10 15.35 9 – Month 15.15 15.65…
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SBP’s customer forex rates – June 30, 2022
KARACHI: The State Bank of Pakistan (SBP) has published the foreign exchange rates for customers on June 30, 2022.
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Pakistan’s central bank launches digital financial literacy for farmers
KARACHI: The State Bank of Pakistan (SBP) on Wednesday said it launched a series of videos about agriculture financing products for farmers. The central bank in a statement said it had launched a series of videos in national and regional languages about agriculture financing products and procedures to create awareness among the farming communities across…
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SBP issues KIBOR rates – June 29, 2022
The State Bank of Pakistan (SBP) has recently made a significant announcement regarding the Karachi Interbank Offered Rates (KIBOR) for various tenors, marking a pivotal moment for financial institutions across Pakistan.
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