On January 16, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
(more…)Tag: State Bank of Pakistan
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SBP Announces Forex Rates in PKR for January 15. 2025
On January 15, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
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SBP May Cut Policy Rate by 100bps: Topline Survey
A recent survey conducted by Topline Securities Limited indicates that market participants widely anticipate a 100 basis points (bps) reduction in the benchmark policy rate during the upcoming Monetary Policy Committee (MPC) meeting. The State Bank of Pakistan (SBP) is set to convene this crucial meeting on January 27, 2025.
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Bank Borrowing: Government Retires Rs 2.42 Trillion in 1HFY25
Karachi, January 14, 2025 – The government has retired a substantial Rs 2.42 trillion in bank borrowing during the first half of the fiscal year 2024-25 (July–December). The data, released by the State Bank of Pakistan (SBP) on Tuesday, highlights the government’s efforts to manage and reduce its reliance on borrowing.
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SBP Announces Forex Rates in PKR for January 14. 2025
On January 14, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
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SBP Announces Forex Rates in PKR for January 13. 2025
On January 13, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
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SBP Unveils 3rd Edition of National Financial Inclusion Strategy
Karachi, January 12, 2025 – The State Bank of Pakistan (SBP) has launched the third edition of the National Financial Inclusion Strategy (NFIS) 2024-28, designed to further accelerate financial inclusion and economic empowerment across the country.
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SBP Announces Schedule for First MPC Meeting of 2025
Karachi, January 10, 2025 – The State Bank of Pakistan (SBP) has officially announced that the first meeting of the Monetary Policy Committee (MPC) for the year 2025 will take place on January 27.
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SBP Announces Forex Rates in PKR for January 10. 2025
On January 10, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
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Pakistan Receives $17.85 Billion from Expatriates in 1HFY25
Karachi, January 10, 2025 – Pakistan recorded an impressive $17.85 billion in remittances from its expatriates during the first half (July–December) of the fiscal year 2024-25, showcasing a robust 38% year-on-year (YoY) increase compared to $13.44 billion received during the same period last fiscal year.
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