Today, July 19, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
(more…)Tag: State Bank of Pakistan
-
SBP Releases Payment System Report for 3QFY24
Karachi, July 19, 2024 – The State Bank of Pakistan (SBP) has released its Quarterly Payment Systems Report for the third quarter (January-March) of the fiscal year 2023-24, offering a comprehensive review of the country’s payment landscape.
(more…) -
Weekly Forex Reserves Rise by $59 Million: State Bank of Pakistan
Karachi, July 18, 2024 – The State Bank of Pakistan (SBP) announced on Thursday that the country’s weekly foreign exchange reserves have increased by $59 million. For the week ended July 12, 2024, the forex reserves rose to $14.704 billion, up from $14.645 billion a week earlier on July 5, 2024.
(more…) -
SBP Issues Foreign Exchange Rates as of July 18, 2024
Today, July 18, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
(more…) -
Pakistan’s Bank Borrowing Peaks at Rs 8.56 Trillion in FY24
Karachi, July 17, 2024 – Pakistan’s bank borrowing surged to an unprecedented Rs 8.56 trillion in the fiscal year 2023-24, marking a 130 percent increase over the previous fiscal year, according to official data.
(more…) -
Bank Deposits of Private Sector Surge by 13.50% in FY24
Karachi, July 16, 2024 – The State Bank of Pakistan (SBP) has reported a significant surge of 13.50% in bank deposits from the private sector during the fiscal year 2023-24, marking a notable increase from the previous year.
(more…) -
SBP Issues Foreign Exchange Rates as of July 15, 2024
Today, July 15, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
(more…) -
SBP Issues Foreign Exchange Rates as of July 12, 2024
Today, July 12, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
(more…) -
Pakistan’s Weekly Forex Reserves Rise by $72 Million
Karachi, July 11, 2024 – Pakistan’s weekly foreign exchange reserves have experienced a notable increase of $72 million, the State Bank of Pakistan (SBP) reported on Thursday. This positive trend is a promising indicator of the country’s economic stability.
(more…) -
SBP Relaxes Conditions for IT Companies to Invest Abroad
Karachi, July 11, 2024 – The State Bank of Pakistan (SBP) has announced a relaxation in conditions for IT sector companies regarding equity investments abroad. This move, unveiled on Thursday, aims to facilitate export-oriented companies in expanding their international presence and boosting the country’s exports.
(more…)