Tag: State Bank of Pakistan
Get the latest State Bank of Pakistan (SBP) news, monetary policy updates, exchange rates, banking regulations, and economic insights.
-
Pakistan’s forex reserves dip to $22.283 billion
KARACHI: Pakistan’s liquid foreign exchange reserves fell by $386 million to $22.283 billion by week ended March 11, 2022 as compared with $22.669 billion a week ago i.e. March 04, 2022, State Bank of Pakistan (SBP) said on Thursday. The official reserves of the State Bank fell by $381 million to $15.831 billion by week…
Written by
-
SBP issues KIBOR rates on March 17, 2022
KARACHI, March 17, 2022 – The State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as of March 17, 2022. These rates are crucial for financial institutions and businesses as they reflect the cost of borrowing and lending in the interbank market, influencing various financial transactions and interest rates in…
Written by
-
SBP’s event to provide house financing information
KARACHI: The State Bank of Pakistan (SBP), in collaboration with banks, is organizing a two-day exhibition in Faisalabad on March 19, 2022 to provide information on house financing. The State Bank of Pakistan is organizing a two-day Mera Pakistan Mera Ghar (MPMG) Mela at Circle Club Faisalabad on March 19 and 20, 2022, a statement…
Written by
-
Customers’ exchange rates on March 17, 2022
KARACHI, March 17, 2022 – The State Bank of Pakistan (SBP) has released the exchange rates for Thursday, March 17, 2022. These rates are based on the weighted average rates of commercial banks and are provided for informational purposes only, according to the SBP.
Written by
-
State Bank amends regulations for housing loans
KARACHI: The State Bank of Pakistan (SBP) has revised regulations related to housing loans and general loans mainly related to eligibility of borrowers. The central bank on Wednesday issued a circular to revise Prudential Regulations for Microfinance Banks. The SBP said that in order to align classification and provisioning requirements with enhanced loan sizes, it…
Written by
-
SBP announces bank holiday
KARACHI: The State Bank of Pakistan (SBP) on Wednesday announced that offices of the central bank will remain closed on March 23, 2022. “The State Bank of Pakistan will remain closed on March 23, 2022 (Wednesday) being public holiday on the occasion of “Pakistan Day” as declared by the Government of Pakistan,” the SBP said.…
Written by
-
SBP issues KIBOR rates on March 16, 2022
KARACHI: The State Bank of Pakistan (SBP) has officially announced the Karachi Interbank Offered Rates (KIBOR) for March 16, 2022.
Written by
-
SBP allows microfinance banks to offer IPS accounts
KARACHI: The State Bank of Pakistan (SBP) on Wednesday allowed microfinance banks to offer their customers to maintain Investor Portfolio Securities (IPS) accounts. READ MORE: SBP withdraws Raast payment transaction limits The SBP in a circular said that to enhance the scope of IPS Account to a wider set of institutions and investors, and to…
Written by
-
Customers’ exchange rates on March 16, 2022
KARACHI, March 16, 2022 – The State Bank of Pakistan (SBP) has issued the exchange rates for Wednesday, March 16, 2022. These rates are based on the weighted average rates of commercial banks and are provided for informational purposes only, according to the SBP.
Written by
-
SBP withdraws Raast payment transaction limits
KARACHI: The State Bank of Pakistan (SBP) on Tuesday withdrew transactional limits of payments made through Raast System i.e. Raast Person-to-Person (P2P) Payment System. The SBP issued Circular No. 02 dated March 15, 2022 and stated that to further facilitate users of Raast services it has been decided that with effect from April 1, 2022,…
Written by