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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FAP suggests incentive to undeclared $3 billion
People have an undeclared amount of $2 billion to $3 billion foreign currency in their homes and personal bank lockers. They want to exchange with Pakistani Rupee (PKR) but due to certain restrictions they are unable to bring it out. The government should provide legal shelter for declaration of concealed dollars, which will help to…
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SBP issues KIBOR rates – May 13, 2022
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as on May 13, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 12.28 12.78 2 – Week 12.40 12.90 1 – Month 12.90 13.40 3 – Month 14.62 14.87 6 – Month 14.75 15.00 9 – Month 14.68 15.18…
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SBP’s customer exchange rates – May 13, 2022
KARACHI, May 13, 2022 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers on Friday, May 13, 2022.
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Pakistan receives record monthly high $3 billion as remittances
KARACHI: Pakistan has received a monthly record workers’ remittance of $3.13 billion in the month of April 2022, the central bank said on Friday. The State Bank of Pakistan (SBP) said the remittances grew by 12 per cent in April 2022 to $3.125 billion as compared with $2.79 billion received in April 2021. Meanwhile, the…
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Pakistan’s forex reserves fall to $16.37 billion
KARACHI: Pakistan’s foreign exchange reserves fell by $177 million to $16.376 billion by week ended May 6, 2022, according to data released by the State Bank of Pakistan (SBP) on Thursday. The foreign exchange reserves of the country were $16.553 billion by week ended April 30, 2022. READ MORE: Pakistan’s forex reserves dip to $16.55…
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SBP issues KIBOR rates – May 12, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on May 12, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 12.28 12.78 2 – Week 12.40 12.90 1 – Month 12.89 13.39 3 – Month 14.55 14.80 6 – Month 14.73 14.98 9 – Month 14.66 15.16…
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SBP’s customer exchange rates – May 12, 2022
KARACHI, May 12, 2022 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers on Thursday, May 12, 2022.
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SBP issues KIBOR rates – May 11, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on May 11, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 12.32 12.82 2 – Week 12.40 12.90 1 – Month 12.87 13.37 3 – Month 14.45 14.70 6 – Month 14.67 14.92 9 – Month 14.61 15.11…
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SBP’s customer exchange rates – May 11, 2022
KARACHI, May 11, 2022 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers on Wednesday, May 11, 2022.
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SBP issues KIBOR rates – May 10, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on May 10, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 12.29 12.79 2 – Week 12.37 12.87 1 – Month 12.87 13.37 3 – Month 14.43 14.68 6 – Month 14.65 14.90 9 – Month 14.60 15.10…
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