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 March 01, 2022
Karachi, March 01, 2022: The State Bank of Pakistan (SBP) has unveiled the official exchange rates for March 01, 2022, providing a comprehensive overview of currency values against the Pakistani Rupee.
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Pakistan’s e-banking registers sharp increase in 1QFY22
KARACHI: Pakistan’s e-banking registered sharp growth in the first quarter of the fiscal year 2021/2022, the central bank said on Monday. E-banking—defined as transactions conducted via electronic channels (including Real-time Online Branches, ATMs, mobile banking, internet banking, call center banking, POS and e-Commerce), continued to thrive in both volume and value during the quarter under…
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SBP issues KIBOR rates on February 28, 2022
KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as of February 28, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.74 10.24 2 – Week 9.79 10.29 1 – Month 9.88 10.38 3 – Month 10.36 10.61 6 – Month 10.78 11.03 9 – Month 10.81 11.31…
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Customers’ exchange rates on February 28, 2022
Karachi, February 28, 2022: The State Bank of Pakistan (SBP) has issued the official exchange rates for February 28, 2022, offering a snapshot of currency values against the Pakistani Rupee.
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SBP relaxes financing for under construction houses
KARACHI: The State Bank of Pakistan (SBP) has relaxed financing conditions for housing units in under construction projects. The central bank issued a circular dated February 25, 2022 to ease the conditions for house financing. It said that in order to further facilitate buyers of housing units in under construction projects, requirement of builder/developer to…
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SBP issues KIBOR rates on February 25, 2022
KARACHI: State Bank of Pakistan (SBP) on Friday issued the Karachi Interbank Offered Rates (KIBOR) as of February 25, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.73 10.23 2 – Week 9.78 10.28 1 – Month 9.89 10.39 3 – Month 10.35 10.60 6 – Month 10.77 11.02 9 – Month 10.82 11.32…
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Customers’ exchange rates on February 25, 2022
KARACHI: The State Bank of Pakistan (SBP) on Friday issued customers’ exchange rates for February 25, 2022. The exchange rate is on the basis of weighted average rates of commercial banks. The SBP said the data is compiled and disseminated for information only. These exchange rates are estimates that quoted by various commercial banks to their clients. The banks provide their indicative exchange rates for commercial transactions with customers. CURRENCY BUYING SELLING AED…
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Current account deficit widens to $11.58 bn in 7MFY22
KARACHI: The current account deficit of the country widened to staggering $11.58 billion during the first seven months (July – January) 2021/2022 as compared with a surplus of $1.03 in the corresponding period of the last fiscal year, according to data released by the State Bank of Pakistan (SBP) on Thursday. READ MORE: Pakistan’s current…
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Pakistan’s foreign exchange reserves dip to $23.226 bn
KARACHI: The liquid foreign exchange reserves of Pakistan declined by $264 million to $23.226 billion by week ended February 18, 2022, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were $23.49 billion by week ended February 11, 2022. The official reserves of the State Bank fell by $289…
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SBP issues KIBOR rates on February 24, 2022
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the Karachi Interbank Offered Rates (KIBOR) as of February 24, 2022. Following are the latest KIBOR rates: Tenor BID OFFER 1 – Week 9.71 10.21 2 – Week 9.78 10.28 1 – Month 9.87 10.37 3 – Month 10.35 10.60 6 – Month 10.74 10.99 9 – Month 10.79 11.29…
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