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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Customers’ exchange rates on April 01, 2022
KARACHI, April 01, 2022 – The State Bank of Pakistan (SBP) has published the exchange rates for customers on Friday, April 01, 2022.
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SBP issues bank timing during Ramadan 2022
KARACHI: The State Bank of Pakistan (SBP) on Friday issued banking office and business hours during the holy month of Ramadan ul Mubarak. During the ensuing month of Ramadan-ul-Mubarak 1443 A.H., the following office hours will be observed in the State Bank of Pakistan, which will also be followed by all banks / Development Financial…
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Pakistan’s weekly forex reserves deplete by $2.88 billion
KARACHI: Pakistan’s foreign exchange reserves have depleted by $2.88 billion in a week to $18.554 billion by week ended March 25, 2022, State Bank of Pakistan (SBP) said on Thursday.
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SBP issues KIBOR rates on March 31, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as of March 31, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.94 10.44 2 – Week 10.12 10.62 1 – Month 10.91 11.41 3 – Month 11.70 11.95 6 – Month 12.27 12.52 9 – Month 12.30 12.80…
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Customers’ exchange rates on March 31, 2022
KARACHI, March 31, 2022 – The State Bank of Pakistan (SBP) has issued the exchange rates for customers on Thursday, March 31, 2022.
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SBP issues electronic money license to Careem Pay
KARACHI: State Bank of Pakistan (SBP) has granted Careem Pay with an In-Principle-Approval (IPA) for an Electronic Money Institution license (EMI). Careem has launched Careem Pay, its fintech affiliate, in Pakistan as an independent entity which plans to invest $50 million to leapfrog the fintech ecosystem in Pakistan. It will be led by Noman Khurshid…
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SBP issues KIBOR rates on March 30, 2022
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as of March 30, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.88 10.38 2 – Week 10.07 10.57 1 – Month 10.93 11.43 3 – Month 11.68 11.93 6 – Month 12.26 12.51 9 – Month 12.28 12.78…
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Nisab of Zakat fixed at Rs88,927
KARACHI: The federal government on Wednesday announced an amount of Rs88,927 as deduction of Zakat from bank accounts and deposits on the first day of the holy month of Ramzan. According to a notification issued by the Cabinet Secretariat the administrator General Zakat had notified the ‘Nisab of Zakat’ for the Zakat Year 1442-43 AH…
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Date extended for encashment of bearer prize bonds
KARACHI: The federal government has extended the last date for converting or exchanging the bearer prize bonds up to June 30, 2022. The last date for encashment of the bearer prize bonds was March 31, 2022, the State Bank of Pakistan (SBP) said on Wednesday. Through a circular, the SBP announced the extension in last…
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Customers’ exchange rates on March 30, 2022
KARACHI, March 30, 2022 – The State Bank of Pakistan (SBP) has published the exchange rates for customers on Wednesday, March 30, 2022.
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