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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Policy rate may rise as T-Bill yields increase sharply
KARACHI: The cut-off yield of treasury bills (T-Bills) increased sharply in an auction held on Wednesday indicating an expected rise in policy rate in upcoming monetary policy announcement scheduled for April 19, 2022. “In today’s [April 06, 2022] treasury bills auction, cut-off yields increased by 60 – 80 basis points,” according to analysts at Topline…
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SBP issues KIBOR rates – April 06, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on April 06, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.87 10.37 2 – Week 10.11 10.61 1 – Month 10.56 11.06 3 – Month 11.77 12.02 6 – Month 12.39 12.64 9 – Month 12.43 12.93…
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SBP’s customer exchange rates on April 06, 2022
Karachi, April 06, 2022 – The State Bank of Pakistan (SBP) has released the latest exchange rates for foreign currencies against the Pakistani Rupee (PKR) on Wednesday, April 06, 2022.
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SBP receives 20 applications for digital bank licenses
KARACHI: The State Bank of Pakistan (SBP) on Wednesday said that around 20 applications were received for digital bank license by end of deadline i.e. March 31, 2022. The application process registered an overwhelming response whereby SBP received twenty (20) applications from a diverse range of applicants, including domestic commercial banks, microfinance banks, electronic money…
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SBP issues KIBOR rates on April 05, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on April 05, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.85 10.35 2 – Week 10.01 10.51 1 – Month 10.59 11.09 3 – Month 11.76 12.01 6 – Month 12.29 12.54 9 – Month 12.34 12.84…
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SBP intervention sought to stop further rupee devaluation
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) Tuesday urged the central bank to immediate intervene in to stop further devaluation of Pakistan rupee (PKR). In a statement KCCI President Muhammad Idrees expressed deep concerns over continuous devaluation of rupee against dollar as the foreign currency hit a new all-time high by crossing Rs186. READ…
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SBP’s customer exchange rates on April 05, 2022
KARACHI, April 05, 2022 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers on Tuesday, April 05, 2022.
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Meta, NIBAF collaborate to train women entrepreneurs
KARACHI: Meta is collaborating with the National Institute of Banking and Finance (NIBAF), a subsidiary of the State Bank of Pakistan (SBP) to train and up-skill Pakistani women entrepreneurs in order to foster sustainability and resilience of women-led businesses in the country, a statement said on Friday. The program is being implemented under the ‘Business…
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SBP issues KIBOR rates on April 01, 2022
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as of April 01, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.86 10.36 2 – Week 10.02 10.52 1 – Month 10.69 11.19 3 – Month 11.64 11.89 6 – Month 12.25 12.50 9 – Month 12.29 12.79…
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Yarn merchants urge SBP to stop rupee deterioration
KARACHI: Yarn merchants have urged the State Bank of Pakistan (SBP) to stop the rupee depreciation against the US dollar otherwise it will make industry to continue business. Chairman Pakistan Yarn Merchants Association (PYMA), Saqib Naseem and Vice Chairman Sindh Balochistan Region, Muhammad Junaid Teli, while expressing deep concern over the continuous depreciation of the…
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