Today, December 6, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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Banks Gear Up for Profit Boost Amid SBP Reform: Analysis
Karachi, December 6, 2024 – Conventional banks in Pakistan are preparing for a potential profit surge following the State Bank of Pakistan’s (SBP) upcoming changes to the profit calculation framework for savings accounts, set to take effect on January 1, 2025.
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Pakistan’s Forex Reserves Climb to $16.62 Billion
Karachi, December 5, 2024 – Pakistan’s foreign exchange (forex) reserves rose to $16.62 billion as of November 29, 2024, reflecting a weekly increase of $544 million, according to a report released by the State Bank of Pakistan (SBP) on Thursday.
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Saudi Arabia Rolls Over $3 Billion Deposits for Pakistan
Karachi, December 5, 2024 – The Saudi Fund for Development (SFD), acting on behalf of the Kingdom of Saudi Arabia, has extended the maturity of its $3 billion deposit with the State Bank of Pakistan (SBP) for another year.
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SBP Issues Foreign Exchange Rates for December 5, 2024
Today, December 5, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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SBP Issues Foreign Exchange Rates for December 4, 2024
Today, December 4, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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Symmetry Group Secures SBP Website Maintenance Contract
Karachi, December 4, 2024 – Symmetry Group Limited has announced its successful bid for the development and maintenance of the State Bank of Pakistan’s (SBP) external website. The contract, spanning five years, was awarded following a competitive process and underscores Symmetry Group’s growing prominence in the digital technology sector.
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SBP Issues Foreign Exchange Rates for December 3, 2024
Today, December 3, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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Banks experience over Rs 226 billion withdrawal in October 2024
Karachi, December 3, 2024 – Banks in Pakistan witnessed significant withdrawals in October 2024, as deposits fell by Rs 226.42 billion, according to data released by the State Bank of Pakistan (SBP).
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SBP Issues Foreign Exchange Rates for December 2, 2024
Today, December 2, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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