Karachi, August 16, 2025 – The State Bank of Pakistan (SBP) has introduced stricter regulatory measures for the issuance of financial instruments (FIs) in connection with trade transactions, making it mandatory to include Harmonized System (H.S.) Codes and Unit of Measurement (UoM) details.
(more…)Tag: State Bank of Pakistan
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SBP Releases Average Exchange Rates – August 15, 2025
KARACHI, August 15, 2025 – The State Bank of Pakistan (SBP) on Friday announced the weighted average customer exchange rates for key foreign currencies, reflecting market conditions as reported by commercial banks.
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SBP launches Rs75 commemorative coin to honor Marka-e-Haq
KARACHI, August 15, 2025 – The State Bank of Pakistan (SBP) has unveiled a special Rs75 commemorative coin to pay tribute to the courage and sacrifices of Pakistan’s armed forces during the historic Marka-e-Haq, while also marking Independence Day with national pride.
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Pakistan advancing on path of economic stability: SBP governor
Karachi, August 14, 2025 – Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, has expressed confidence that Pakistan is firmly advancing on the path of economic stability, supported by sustained reforms and prudent monetary policies.
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SBP targets overpriced trade transactions in major move
Karachi, August 14, 2025 – The State Bank of Pakistan (SBP) has instructed all commercial banks to strengthen oversight on prices declared in trade transactions, introducing detailed due diligence measures aimed at combating Trade-Based Money Laundering (TBML) and Terrorist Financing.
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SBP orders banks to implement stricter CDD for traders
KARACHI, August 14, 2025 – The State Bank of Pakistan (SBP) has issued a detailed directive requiring banks to enhance their customer due diligence (CDD) processes for all clients engaged in trade-related activities.
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MPR forecasts FY26 GDP growth between 3.25% and 4.25%
Karachi, August 13, 2025 – The State Bank of Pakistan (SBP), in its flagship Monetary Policy Report (MPR), has projected Pakistan’s real GDP growth to range between 3.25% and 4.25% in the fiscal year 2025-26.
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SBP directs banks to open for Hajj application collection
Karachi, August 13, 2025 – The State Bank of Pakistan (SBP) has issued fresh directives to ensure smooth facilitation for intending pilgrims applying for Hajj 2026.
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SBP Issues Customer Exchange Rates for August 13, 2025
Karachi, August 13, 2025 – The State Bank of Pakistan (SBP) on Wednesday released its latest weighted average customer exchange rates for August 13, 2025. These rates, according to the SBP, reflect the indicative market levels provided by commercial banks to their clients for various currencies.
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SBP tightens regulations to curb trade-based money laundering
Karachi, August 12, 2025 – The State Bank of Pakistan (SBP) has announced a strengthened framework aimed at tightening anti-money laundering (AML) and countering financing of terrorism (CFT) measures in the context of trade transactions.
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