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 launches challenge fund for SMEs
KARACHI: The State Bank of Pakistan (SBP) on Monday March 21, 2022, launched challenge fund for Small and Medium Enterprises (SMEs) to support innovative solutions for SME banking in the country. The central bank through a circular issued procedure for the challenge fund for SMEs (CFS). This fund in form of grant will facilitate banks…
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Banks approve housing loans worth Rs7.4 billion in event
The Mera Pakistan Mera Ghar (MPMG) housing scheme received an astounding response during a two-day event in Faisalabad, where banks granted conditional approvals for housing loans totaling approximately Rs7.4 billion.
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Court hearing on Riba-free banking in Pakistan
ISLAMABAD: The Federal Shariat Court on Monday continued hearing on the case of Riba in the country. The full bench of the court comprising of Justice Muhammad Noor Meskanzai Chief Justice, Justice Dr. Syed Muhammad Anwar and Justice Khadim Hussain M. Shaikh, in exercise of power under Article 203-D of the Constitution of Islamic Republic…
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SBP issues KIBOR rates on March 21, 2022
KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as of March 21, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.81 10.31 2 – Week 9.91 10.41 1 – Month 10.28 10.78 3 – Month 11.26 11.51 6 – Month 11.80 12.05 9 – Month 11.84 12.34…
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Customers’ exchange rates on March 21, 2022
KARACHI, March 21, 2022 – The State Bank of Pakistan (SBP) has issued the exchange rates for Monday, March 21, 2022. These rates are based on the weighted average rates of commercial banks and are provided for informational purposes only, according to the SBP.
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Pakistan’s CAD mounts to $12 billion in eight months
KARACHI: Pakistan’s Current Account Deficit (CAD) has widened to staggering above $12 billion during first eight months (July – February) 2021/2022, the State Bank of Pakistan (SBP) said on Saturday. The current account was surplus by $994 million in the corresponding period of the last months, according to the balance of payment (BOP) issued by…
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SBP issues KIBOR rates on March 18, 2022
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as of March 18, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.81 10.31 2 – Week 9.90 10.40 1 – Month 10.23 10.73 3 – Month 11.28 11.53 6 – Month 11.77 12.02 9 – Month 11.82 12.32…
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Customers’ exchange rates on March 18, 2022
KARACHI, March 18, 2022 – The State Bank of Pakistan (SBP) has issued the exchange rates for Friday, March 18, 2022. These rates are based on the weighted average rates of commercial banks and are provided for informational purposes only, according to the SBP.
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Foreign investment into Pakistan surges by 131%
KARACHI: The total inflows of foreign investment into Pakistan has increased by 131 per cent to $1.85 billion during first eight months (July – February) 2021/2022, State Bank of Pakistan (SBP) said on Friday. The net inflow of the foreign investment into Pakistan was $799 million in the same months of the last fiscal year.…
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Pakistan’s economy maintains growth momentum: SBP
KARACHI: Pakistan’s economy has maintained growth momentum in first quarter of fiscal year 2021/2022, which was begun during the preceding fiscal year, the State Bank of Pakistan (SBP) said in the first quarterly (July – September) 2021-2022 report on State of Pakistan Economy. “Both the supply and demand sides contributed to this momentum. Broad-based expansion…
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