Karachi, March 15, 2024 – The State Bank of Pakistan (SBP) announced on Friday that it will unveil its monetary policy on Monday, March 18, 2024.
(more…)Tag: State Bank of Pakistan
-
SBP Issues Foreign Exchange Rates as of 15 March 2024
Karachi, 15 March 2024 – Today, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions on 15 March 2024.
(more…) -
Pakistan Witnesses $131 Million Rise in Weekly Forex Reserves
Karachi, March 14, 2024 – Pakistan has recorded a significant rise of $131 million in its weekly foreign exchange reserves for the week ending March 8, 2024, according to the State Bank of Pakistan (SBP).
(more…) -
SBP Issues Foreign Exchange Rates as of 14 March 2024
Karachi, 14 March 2024 – Today, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions on 14 March 2024.
(more…) -
Mobile Banking Users in Pakistan Surge to 16 Million by Year-End
Karachi, March 13, 2024 – In a testament to the digital transformation sweeping Pakistan, the State Bank of Pakistan (SBP) announced on Wednesday that the number of mobile banking users in the country reached an impressive 16 million by the close of December 31, 2023.
(more…) -
SBP Issues Foreign Exchange Rates as of 13 March 2024
Karachi, 13 March 2024 – Today, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions on 13 March 2024.
(more…) -
State Bank of Pakistan Probes Misprinted Currency Notes
Karachi, March 13, 2024 – The State Bank of Pakistan (SBP) has launched an investigation to ascertain the circumstances surrounding the circulation of misprinted Rs 1,000 denomination currency notes.
(more…) -
Govt. Bank Borrowing Surges 104% to Rs 4.13 Trillion in 8MFY24
Karachi, March 12, 2024 – Recent data released by the State Bank of Pakistan (SBP) on Tuesday reveals a staggering 104 percent surge in government bank borrowing, reaching Rs 4.13 trillion during the first eight months (July – February) of the fiscal year.
(more…) -
SBP Likely to Cut Interest Rate by 100 bps in March 18 Statement
Karachi, March 12, 2024 – Analysts at Arif Habib Limited have suggested that the State Bank of Pakistan (SBP) is likely to implement a 100 basis points cut in the benchmark policy rate in the upcoming Monetary Policy Statement (MPS), reducing it to 21 percent from the existing 22 percent.
(more…) -
Bank Deposits Soar to Historic High of Rs 27.89 Trillion in Pakistan
Karachi, March 12, 2024 – Official data released on Tuesday reveals that bank deposits in Pakistan have surged to an unprecedented high of Rs 27.89 trillion by the end of February 2024.
(more…)