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 issues KIBOR rates on March 25, 2022
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as of March 25, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.86 10.36 2 – Week 10.07 10.57 1 – Month 10.82 11.32 3 – Month 11.71 11.96 6 – Month 12.24 12.49 9 – Month 12.27 12.77…
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SBP takes regulatory action against exchange company
KARACHI: The State Bank of Pakistan (SBP) has taken regulatory actions against an exchange company and suspended its operations, according to a statement issued on Friday. The central bank suspended with immediate effect the authorization of an Exchange Company namely M/s. Noble Exchange International (Pvt) Limited till further orders for violation of SBP rules and…
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Banks to observe extended hours for tax collection
The State Bank of Pakistan (SBP) has directed banks to observe extended working hours on the last two days of March 2022. This decision aims to streamline the tax payment process and provide convenience to individuals and businesses fulfilling their financial obligations.
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Customers’ exchange rates on March 25, 2022
KARACHI, March 25, 2022 – The State Bank of Pakistan (SBP) has disclosed the exchange rates for Friday, March 25, 2022. These rates are established on the weighted average rates of commercial banks and are presented for informational purposes only, as stated by the SBP.
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SBP launches report on SDGs from banking perspective
KARACHI: Dr. Reza Baqir, Governor State Bank of Pakistan (SBP) has unveiled a report titled ‘SDGs and sustainability report – Pakistan banking sector perspective’ in Dubai on March 23, 2022, the central bank said on Friday. The report was launched in an event on the theme ‘The Future of Green and Sustainable Finance – The…
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Pakistan’s foreign exchange reserves fall to $21.44 billion
KARACHI: Pakistan’s foreign exchange reserves have declined by $843 million to $21.44 billion by week ended March 18, 2022, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were $22.283 billion a week ago i.e. March 11, 2022. READ MORE: Pakistan’s forex reserves dip to $22.283 billion The foreign…
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SBP issues KIBOR rates on March 24, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as of March 24, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.89 10.39 2 – Week 10.03 10.53 1 – Month 10.70 11.20 3 – Month 11.71 11.96 6 – Month 12.22 12.47 9 – Month 12.23 12.73…
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Customers’ exchange rates on March 24, 2022
KARACHI, March 24, 2022 – The State Bank of Pakistan (SBP) has disclosed the exchange rates for Thursday, March 24, 2022. These rates are established on the weighted average rates of commercial banks and are presented for informational purposes only, as stated by the SBP.
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SBP issues KIBOR rates on March 22, 2022
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as of March 22, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.82 10.32 2 – Week 9.91 10.41 1 – Month 10.34 10.84 3 – Month 11.35 11.60 6 – Month 11.85 12.10 9 – Month 11.87 12.37…
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Customers’ exchange rates on March 22, 2022
KARACHI, March 22, 2022 – The State Bank of Pakistan (SBP) has disclosed the exchange rates for Tuesday, March 22, 2022. These rates are established on the weighted average rates of commercial banks and are presented for informational purposes only, as stated by the SBP.
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