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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Last date June 30, 2022 to exchange prize bonds
KARACHI: The bearer prize bonds of various denominations will not be exchangeable or convertible after June 30, 2022, which is the last date set by the government. The federal government has extended the last date for converting or exchanging the bearer prize bonds up to June 30, 2022. The State Bank of Pakistan (SBP) issued…
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SBP’s customer forex rates – June 20, 2022
KARACHI: On June 20, 2022, the State Bank of Pakistan (SBP) unveiled the foreign exchange rates for customers.
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Total bank accounts in Pakistan grow to 66.13 million
KARACHI: The number of bank accounts in Pakistan increased to 66.13 million by end of March 2022, showing a jump of 6.66 per cent when compared with 62 million bank accounts by end of same month last year, according to data released by the State Bank of Pakistan (SBP). It is interesting to note that…
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Foreign Investment into Pakistan plunges by 59% during 11MFY22
KARACHI: Total foreign investment into Pakistan has declined by 59 per cent to $1.59 billion during first 11 months (July – May) of fiscal year 2021/2022, according to data released by the State Bank of Pakistan (SBP) on Friday. The inflows of foreign investment into the country were $3.85 billion during the corresponding period of…
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SBP’s customer forex rates – June 17, 2022
KARACHI: On June 17, 2022, the State Bank of Pakistan (SBP) released the foreign exchange rates for customers.
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Pakistan’s central bank reserves shrink to one month import cover
KARACHI: The official reserves of Pakistan’s central bank have declined to provide about one month import cover, according to official data released on Thursday. The official foreign exchange reserves of the State Bank of Pakistan (SBP) fell by $241 million to $8.985 billion by week ended June 10, 2022 as compared with $9.226 billion a…
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SBP issues KIBOR rates – June 16, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on June 16, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 13.72 14.22 2 – Week 13.77 14.27 1 – Month 13.90 14.40 3 – Month 14.80 15.05 6 – Month 15.18 15.43 9 – Month 15.27 15.77…
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Internet banking posts 20% growth in 3Q: State Bank
KARACHI: The State Bank of Pakistan (SBP) has said that the transactions of internet banking posted 20 per cent growth in the third quarter of the current fiscal year. According to the report the transaction volume of internet banking increased to Rs2.9 trillion by end of quarter January – March 2022 as compared with Rs2.42…
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SBP’s customer forex rates – June 16, 2022
KARACHI: On June 16, 2022, the State Bank of Pakistan (SBP) released the foreign exchange rates for customers.
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SBP issues KIBOR rates – June 15, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on June 15, 2022.
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