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 forex reserves ease to $16.15 billion
KARACHI: Pakistan’s foreign exchange (forex) reserves eased to $16.15 billion by week ended May 20, 2022, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves were at $16.161 billion a week ago i.e. May 13, 2022. READ MORE: Pakistan’s forex reserves fall to $16.37 billion The country’s foreign exchange reserves hit record…
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SBP issues KIBOR rates – May 26, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on May 26, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 13.60 14.10 2 – Week 13.71 14.21 1 – Month 13.81 14.31 3 – Month 14.40 14.65 6 – Month 14.57 14.82 9 – Month 14.60 15.10…
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SBP’s customer forex rates – May 26, 2022
KARACHI, May 26, 2022 — The State Bank of Pakistan (SBP) has released the foreign exchange rates for customers on Thursday, May 26, 2022. These rates are calculated based on the weighted average rates of commercial banks operating in the country.
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SBP issues KIBOR rates – May 25, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on May 25, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 13.62 14.12 2 – Week 13.72 14.22 1 – Month 13.80 14.30 3 – Month 14.41 14.66 6 – Month 14.58 14.83 9 – Month 14.60 15.10…
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SBP’s customer forex rates – May 25, 2022
KARACHI, May 25, 2022 — The State Bank of Pakistan (SBP) has released the foreign exchange rates for customers on Wednesday, May 25, 2022.
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SBP governor inaugurates Meezan Roshan Digital Center
KARACHI: The Acting Governor of State Bank of Pakistan (SBP) Dr. Murtaza Syed has inaugurated Meezan Roshan Digital Center, which is built for catering the needs of Roshan Digital Account holders. The acting SBP governor recently visited Meezan Bank’s Head Office in Karachi along with the Deputy Governor Ms. Sima Kamil and the Bank’s senior…
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SBP issues KIBOR rates – May 24, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on May 24, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 13.68 14.18 2 – Week 13.72 14.22 1 – Month 13.82 14.32 3 – Month 14.44 14.69 6 – Month 14.61 14.86 9 – Month 14.60 15.10…
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SBP cuts car loan tenure to three years
KARACHI: The State Bank of Pakistan (SBP) on Tuesday reduced the tenure for car loan to three years from five years in order to curb demand to support balance of payment and devaluation of Pakistan Rupee (PKR). The SBP issued Circular No. 19 of 2022 to amend prudential regulations related to consumer financing. READ MORE:…
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SBP’s customer exchange rates – May 24, 2022
KARACHI, May 24, 2022 — The State Bank of Pakistan (SBP) has disclosed the foreign exchange rates for customers on Tuesday, May 24, 2022. These rates are computed based on the weighted average rates of commercial banks, providing valuable insights into the prevailing conditions of the foreign exchange market.
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SBP raises rates of financing schemes by 200 bps
KARACHI: The State Bank of Pakistan (SBP) on Monday enhanced rates for financing schemes sharply by 200 basis points following massive increase in key policy rate. The SBP increased the mark up rate for financing under Export Finance Scheme (EFS) from 5.5 per cent per annum to 7.5 per cent per annum. Similarly, mark up…
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