Karachi, April 29, 2024 – A significant uptick has been observed in the repatriation of profits and dividends by foreign companies in Pakistan, with figures surging 256% in the period from July 2023 to March 2024.
(more…)Tag: State Bank of Pakistan
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SBP Holds Policy Rate Steady at 22% Amid Economic Recovery
Karachi, April 29, 2024 – The State Bank of Pakistan (SBP) has decided to maintain its benchmark policy rate at 22 percent, the bank’s Monetary Policy Committee (MPC) announced after its meeting today.
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SBP Issues Foreign Exchange Rates as of April 29, 2024
Today, April 29, 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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Bank holiday Announced for May 1, 2024
Karachi, April 29, 2024 – In alignment with the national observance of Labor Day, the State Bank of Pakistan (SBP) has officially declared a bank holiday on May 1, 2024.
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SBP Calls for Unpopular but Necessary Economic Measures
KARACHI: In a candid address during the Members Convocation of the Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan), Jameel Ahmad, Governor of the State Bank of Pakistan (SBP), stressed the urgent need for unpopular yet necessary measures to bolster the nation’s economy.
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State Bank of Pakistan Likely to Maintain 22% Policy Rate
Karachi, April 27, 2024 – Financial circles are abuzz as the State Bank of Pakistan (SBP) is widely anticipated to hold its policy rate steady at 22 percent in the forthcoming monetary policy announcement scheduled for April 29, 2024.
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SBP Issues Foreign Exchange Rates as of April 26, 2024
Today, April 26, 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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Pakistan’s Total Forex Reserves Dip to $13.28 Billion
Karachi, April 25, 2024 – Pakistan’s total foreign exchange reserves have experienced a notable decline, settling at $13.28 billion, as revealed by the latest figures from the State Bank of Pakistan (SBP).
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SBP Issues Foreign Exchange Rates as of April 25, 2024
Today, April 25, 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 as of April 24, 2024
Today, April 24, 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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