Tag: State Bank of Pakistan

  • SBP Updates Daily Customer Exchange Rates – December 2, 2025

    SBP Updates Daily Customer Exchange Rates – December 2, 2025

    Karachi, December 2, 2025 – The State Bank of Pakistan (SBP) has released the latest daily customer exchange rates for Tuesday, December 2, 2025, to guide banking consumers, traders, and businesses in conducting currency transactions.

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  • SBP Updates Customer Exchange Rates for December 1, 2025

    SBP Updates Customer Exchange Rates for December 1, 2025

    Karachi, December 1, 2025 – The State Bank of Pakistan (SBP) has released its latest customer exchange rates for Monday, December 1, 2025, providing essential guidance for banking consumers and businesses engaging in foreign currency transactions. These updated rates reflect the weighted average of rates offered by various commercial banks across the country.

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  • SBP Issues Updated Daily Currency Exchange Rates for November 28

    SBP Issues Updated Daily Currency Exchange Rates for November 28

    Karachi, November 28, 2025 – The State Bank of Pakistan (SBP) on Friday released the latest daily currency exchange rates to assist banking customers and businesses in making informed financial decisions. These rates reflect the weighted average customer exchange rates provided by commercial banks across the country.

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  • SBP directs banks to extend hours for tax collection on November 29

    SBP directs banks to extend hours for tax collection on November 29

    Karachi, November 27, 2025 – The State Bank of Pakistan (SBP) has issued directives instructing commercial banks to observe extended working hours on Saturday, November 29, 2025, to facilitate taxpayers making over-the-counter (OTC) payments of government duties and taxes.

    In an official circular, the SBP announced that all Saturday-opening branches of commercial banks — including National Bank of Pakistan (NBP) branches handling customs-related collections — will remain operational from 9:00 A.M. to 5:00 P.M. on the specified date. The move aims to ease taxpayer burden ahead of monthly and quarterly deadlines.

    The central bank further stated that NBP branches manually collecting government receipts and payments must ensure same-day settlement with their respective SBP-BSC field offices or head office immediately after completing the same-day clearing process.

    To support timely processing, the National Institutional Facilitation Technologies (NIFT) will conduct a Special Clearing at 5:30 P.M. on November 29 for all government-related instruments submitted at bank counters. NIFT will provide the clearing fate of these instruments by 11:30 P.M. on the same day, ensuring smooth reconciliation and settlement of government receipts.

    The SBP’s directive follows a recent instruction from the Federal Board of Revenue (FBR), which earlier directed Inland Revenue field offices to observe a normal working day on November 29 to support maximum tax collection before the month-end.

    The SBP emphasized that the extended arrangements aim to ensure seamless tax payment processing and enhance convenience for taxpayers across the country.

  • SBP Issues Updated Currency Exchange Rates for November 27, 2025

    SBP Issues Updated Currency Exchange Rates for November 27, 2025

    Karachi, November 27, 2025 – The State Bank of Pakistan (SBP) has released the latest currency exchange rates for Thursday, providing updated guidance for banking customers and businesses engaged in international transactions.

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  • SBP updates currency exchange rates for November 26, 2025

    SBP updates currency exchange rates for November 26, 2025

    Karachi, November 26, 2025 – The State Bank of Pakistan (SBP) on Wednesday released the latest set of weighted average customer exchange rates to assist the general public, businesses, and financial institutions in making informed currency-related decisions.

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  • SBP Updates Daily Foreign Currency Exchange Rates: November 25, 2025

    SBP Updates Daily Foreign Currency Exchange Rates: November 25, 2025

    Karachi, November 25, 2025 – The State Bank of Pakistan (SBP) has released the updated daily foreign currency exchange rates for Tuesday, providing banking customers, traders, and investors with the latest market guidance.

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  • SBP Issues Updated Currency Exchange Rates for November 24, 2025

    SBP Issues Updated Currency Exchange Rates for November 24, 2025

    Karachi, November 24, 2025 – The State Bank of Pakistan (SBP) has released its updated foreign currency exchange rates for Monday, providing banking customers and businesses an accurate reference for financial transactions.

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  • Carpet Manufacturers Flag Export Issues in Crucial Meeting with State Bank

    Carpet Manufacturers Flag Export Issues in Crucial Meeting with State Bank

    Islamabad, November 23, 2025 – The delegation, led by Chairman Mian Atiq-ur-Rehman, included Patron-in-Chief Abdul Latif Malik, and senior members Usman Ashraf, Shahid Hassan Sheikh, Naeem Khokhar, and Muhammad Naeem Sajid, according to a press release.

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  • SBP releases updated customer exchange rates for November 21, 2025

    SBP releases updated customer exchange rates for November 21, 2025

    Karachi, November 21, 2025 – The State Bank of Pakistan (SBP) on Friday issued the latest customer exchange rates to assist banking consumers and businesses in foreign currency transactions. The updated rates reflect the weighted average of buying and selling rates provided by commercial banks across the country.

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