Karachi, August 9, 2024 – Pakistan witnessed a significant surge in workers’ remittances, with inflows rising by 48% Year on Year (YoY) in July 2024, according to data released by the State Bank of Pakistan (SBP) on Friday.
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SBP Issues Foreign Exchange Rates for August 9, 2024
Today, August 9, 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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Rs 4.22 Billion in Prize Bonds Unclaimed as Deadline Passes
Karachi, August 9, 2024 – A staggering amount of Rs 4.22 billion in bearer prize bonds remains unclaimed following the expiration of the deadline for conversion or exchange on June 30, 2024. According to data released by the State Bank of Pakistan (SBP), many holders of these unregistered prize bonds failed to take action despite multiple extensions provided by the government.
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Pakistan Reports Increase in Forex Reserves by $80 Million
Karachi, August 8, 2024 – The foreign exchange reserves of Pakistan saw a modest increase of $80 million during the week ending on August 2, 2024, according to the latest data released by the State Bank of Pakistan (SBP).
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SBP Declares Bank Holiday on August 14, 2024
Karachi, August 8, 2024 – The State Bank of Pakistan (SBP) has officially announced a bank holiday on Wednesday, August 14, 2024, in observance of Pakistan’s Independence Day.
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SBP Issues Foreign Exchange Rates for August 8, 2024
Today, August 8, 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 August 5, 2024
Today, August 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 August 2, 2024
Today, August 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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Weekly Forex Reserves of Pakistan Increase by $57 Million
Karachi, August 1, 2024 – Net foreign exchange reserves of Pakistan saw an increase of $57 million on a weekly basis, the State Bank of Pakistan (SBP) announced on Thursday. By the week ending July 26, 2024, the country’s total foreign exchange reserves had risen to $14.392 billion, compared to $14.335 billion recorded the previous week.
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SBP Unveils Risk Coverage Scheme to Boost SME Financing
Karachi, August 1, 2024 – The State Bank of Pakistan (SBP) on Thursday launched a groundbreaking risk coverage scheme aimed at enhancing the financing landscape for Small and Medium Enterprises (SMEs).
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