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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SBP’s customer exchange rates – April 11, 2022
KARACHI, April 11, 2022 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers on Monday, April 11, 2022.
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SBP issues KIBOR rates – April 08, 2022
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as on April 08, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 12.19 12.69 2 – Week 12.22 12.72 1 – Month 12.24 12.74 3 – Month 12.39 12.64 6 – Month 12.93 13.18 9 – Month 12.96 13.46…
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SBP’s customer exchange rates – April 08, 2022
KARACHI, April 08, 2022 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers on Friday, April 08, 2022.
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SBP raises mark-up rate for export financing scheme
KARACHI: The State Bank of Pakistan (SBP) on Thursday increased mark-up rate for refinancing under Export Financing Scheme (EFS). The SBP increased the rate of mark-up for export financing scheme following sharp jump in key policy rate by 250 basis points to 12.25 per cent. READ MORE: SBP issues list to impose 100% cash margin…
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SBP issues list to impose 100% cash margin on import
KARACHI: The State Bank of Pakistan (SBP) on Thursday issued a list of 177 items for imposing 100 per cash margin on import with immediate effect. In this regard, it has been decided that banks, with immediate effect, shall obtain 100 percent cash margin on the import of items as listed in the enclosed Annexure-A.…
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SBP allows commission payment to foreign brokers
KARACHI: The State Bank of Pakistan (SBP) on Thursday allowed payment of commission to international broker dealers (IBD) in order facilitate foreign portfolio investment. In this regard the central bank issued a circular. The SBP said that it had been decided to allow general permission to banks or Authorized Dealers (ADs) for remitting the share…
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Pakistan’s foreign exchange reserves shrink to $17.48 bn
KARACHI: Pakistan’s foreign exchange reserves have declined to $17.48 billion by week ended April 01, 2022, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country fell by $1077 million to $17.477 billion by week ended April 01, 2022 as compared with $18.554 billion a week ago i.e. March 25,…
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SBP issues KIBOR rates – April 07, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as on April 07, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.89 10.39 2 – Week 10.16 10.66 1 – Month 10.67 11.17 3 – Month 12.44 12.69 6 – Month 12.94 12.64 9 – Month 12.93 13.43…
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SBP’s customer exchange rates – April 07, 2022
KARACHI, April 07, 2022 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers on Thursday, April 07, 2022.
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SBP increases policy rate sharply by 250bps to 12.25%
KARACHI: The State Bank of Pakistan (SBP) in an unscheduled meeting held on Thursday announced a sharp increase in key policy rate by 250 basis points to 12.25 per cent from 9.75 per cent for next two months. The Monetary Policy Committee (MPC) is scheduled to be held on April 19, 2022. However, due to…
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