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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Last date March 31 for exchanging bearer prize bonds
KARACHI: The holders of bearer prize bonds can exchange or convert the securities with documented ways by March 31, 2022. Through a circular issued by the State Bank of Pakistan (SBP) on December 21, 2021 the date for exchanging the bearer prize bonds with denominations of Rs40,000, Rs25,000, Rs15,000 and Rs7,500 was extended up to…
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SBP governor visits Central Depository Company
KARACHI: Governor State Bank of Pakistan (SBP) Dr. Reza Baqir visited Central Depository Company (CDC) House to mark the successful operationalization of important projects for Pakistan Capital Market, namely Roshan Equity and RAAST for Dividend payments. The projects have been implemented in the recent past by the State Bank in collaboration with the Capital Market…
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Five-year old enterprise to be treated as start-up
KARACHI: The State Bank of Pakistan (SBP) has revised its regulatory framework concerning small and medium enterprises (SMEs), including a significant redefinition of what constitutes a start-up.
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SBP issues KIBOR rates on March 29, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as of March 29, 2022.
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Customers’ exchange rates on March 29, 2022
KARACHI, March 29, 2022 – The State Bank of Pakistan (SBP) has provided customers with the exchange rates for Tuesday, March 29, 2022.
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Riba case adjourned to April 04
KARACHI: The full bench of Federal Shariat Court continued hearing of Riba case in the bench registry at Karachi on March 25 and 26, 2022. The full bench comprises of Chief Justice Muhammad Noor Meskanzai, Honourable Justice Dr. Syed Muhammad Anwer and Honourable Justice Khadim Hussain M. Shakih. READ MORE: Court hearing on Riba-free banking…
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Bank holiday declared for Zakat deduction
KARACHI: The State Bank of Pakistan (SBP) on Monday declared bank holiday on Monday April 04, 2022 for deduction of Zakat. In a statement, the central bank said it will remain closed for public dealing on Monday, April 4, 2022, which shall be observed as “Bank Holiday” for the purpose of deduction of Zakat. READ…
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SBP issues KIBOR rates on March 28, 2022
KARACHI: March 28, 2022 – The State Bank of Pakistan (SBP) on Monday announced the latest Karachi Interbank Offered Rates (KIBOR), a key benchmark used by financial institutions to determine borrowing costs for businesses and consumers.
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Customers’ exchange rates on March 28, 2022
KARACHI, March 28, 2022 – The State Bank of Pakistan (SBP) has published the exchange rates for Monday, March 28, 2022. These rates are determined based on the weighted average rates of commercial banks and are provided for informational purposes only, according to the SBP.
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IR offices to work till midnight on March 31
ISLAMABAD: The offices of Inland Revenue (IR) will observe extended working hours on last two days of the current month and facilitate tax payment till midnight on March 31, 2022.
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