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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KIBOR rates on November 01, 2021
KARACHI: State Bank of Pakistan (SBP) on Monday issued the following Karachi Interbank Offered Rates (KIBOR) on November 01, 2021. Tenor BID OFFER 1 – Week 7.26 7.76 2 – Week 7.27 7.77 1 – Month 7.30 7.80 3 – Month 8.02 8.27 6 – Month 8.46 8.71 9 – Month 8.75 9.25 1 – Year 8.83 9.33
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SBP issues customers exchange rates for November 01
Karachi, November 01, 2021 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers as of November 01, 2021.
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E-banking transactions of Rs86.48 trillion made in FY21
KARACHI: The e-banking transactions recorded a significant increase during the fiscal year 2020/2021 as transactions worth Rs86.48 trillion were recorded through these channels. According to a report recently issued by the State Bank of Pakistan (SBP), during 2020/2021, about 1.2 billion transactions of valuing Rs86.5 trillion were processed through retail e-banking channels. These transactions showed…
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No disruption in transactions post cyber-attack on NBP
KARACHI: 1LINK, transaction service provider to banks, on Sunday confirmed that there was no disruption of any interoperable banking services during or after the cyber-attack on one of the major banks in Pakistan. All transactions, both financial (ATM cash withdrawal, 1IBFT-Inter Bank Funds Transfer and Bill Payments) and non-financial transactions (balance inquiry, title fetch and…
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FBR applies digital payment amid cyber security incident
ISLAMABAD: The Federal Board of Revenue (FBR) is all set to apply a digital mode of payment from November 01, 2021, for corporate entities as one of the largest banks in the country reported a cyber security incident. The digital mode of payment has been made mandatory from November 01, 2021. The FBR has already…
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SBP’s annual profit declines 34% to Rs761 billion
KARACHI: The State Bank of Pakistan (SBP) has announced a sharp decline in net profit by 34 per cent to Rs761 billion in fiscal year 2020/2021 as compared with Rs1,164 billion in the preceding fiscal year. The Board of Directors of the State Bank of Pakistan on October 26, 2021 approved the Annual Performance Review…
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KIBOR rates on October 29, 2021
KARACHI: State Bank of Pakistan (SBP) on Friday issued the following Karachi Interbank Offered Rates (KIBOR) on October 29, 2021. Tenor BID OFFER 1 – Week 7.22 7.72 2 – Week 7.26 7.76 1 – Month 7.31 7.81 3 – Month 8.10 8.35 6 – Month 8.61 8.86 9 – Month 8.76 9.26 1 – Year 8.93 9.43
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SBP issues customers exchange rates for October 29
Karachi, October 29, 2021: The State Bank of Pakistan (SBP) has published the official exchange rates for customers on this Friday, October 29, 2021.
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SBP slaps Rs280 million penalty on National Bank
KARACHI: The State Bank of Pakistan (SBP) has slapped a heavy monetary penalty of over Rs280 million on the National Bank of Pakistan (NBP) for violating instructions pertaining to Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT). The central bank imposed a monetary penalty on four banks during the quarter ended September 30, 2021.…
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Pakistan’s forex reserves fall to $23.934 billion
KARACHI: The liquid foreign exchange reserves of Pakistan have declined by $393 million on weekly basis, according to statistics released by the State Bank of Pakistan (SBP) on Thursday. The foreign exchange reserves of the country declined to $23.934 billion by the week ended October 22, 2021, as compared with $24.327 billion a week ago.…
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