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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Dollar goes up to Rs175.24 at interbank closing
KARACHI: The dollar is again reached above Rs175 near an all-time high despite efforts made by the central bank to stabilize the local currency, dealers said on Friday. The Pak Rupee (PKR) depreciated by 57 paisas to close at Rs175.24 to the dollar as compared with the previous day’s closing of Rs174.67 in the interbank…
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KIBOR rates on November 18, 2021
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the following Karachi Interbank Offered Rates (KIBOR) on November 18, 2021.
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Pakistan’s foreign exchange reserves slip to $23.55 bn
KARACHI: The liquid foreign exchange reserves of the country slipped by $476 million to $23.55 billion by the week ended November 12, 2021, the State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were at $24.026 billion by the week ended November 05, 2021. The official reserves of the…
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SBP issues customers exchange rates for November 18
Karachi, November 18, 2021 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers, effective as of November 18, 2021.
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Key policy rate may up by 100bps in hawkish stance
KARACHI: The State Bank of Pakistan (SBP) is set to announce monetary policy on November 19, 2021 and analysts believe the central bank may remain hawkish. Analysts at Arif Habib Limited said that the monetary policy committee of SBP will convene on Friday, November 19, 2021 to announce the monetary policy for the next two…
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SBP issues customers exchange rates for November 17
Karachi, November 17, 2021 – The State Bank of Pakistan (SBP) has released the latest exchange rates for various foreign currencies against the Pakistani Rupee (PKR) on Wednesday, November 17, 2021.
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SBP decides early announcement of monetary policy
KARACHI: The State Bank of Pakistan (SBP) has altered its monetary policy announcement date, advancing it to November 19, 2021, from the initially scheduled date of November 26, 2021.
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KIBOR rates on November 16, 2021
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the following Karachi Interbank Offered Rates (KIBOR) on November 16, 2021. Tenor BID OFFER 1 – Week 7.29 7.79 2 – Week 7.35 7.85 1 – Month 7.45 7.95 3 – Month 8.44 8.69 6 – Month 8.75 9.00 9 – Month 9.09 9.59 1 – Year 9.29 9.79
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SBP issues customers exchange rates for November 16
KARACHI: The State Bank of Pakistan (SBP) on Tuesday issued customers’ exchange rates for November 16, 2021. 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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SBP launches digital approval system for banks
KARACHI: The State Bank of Pakistan (SBP) on Monday launched an end-to-end digital regulatory approval process known as the Regulatory Approval System (RAS). The central bank now achieved another milestone by launching a module pertaining to banking policy and regulations. With the launch of this module in RAS, banks, Development Finance Institutions (DFIs) and Microfinance…
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