Karachi, February 2, 2024 – The State Bank of Pakistan (SBP) has imposed a regulatory penalty of Rs 82.74 million on Meezan Bank Limited, citing violations of regulatory instructions for the quarters ended June 2023 and December 2023.
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Pakistan Witnesses $78 Million Decline in Weekly Forex Reserves
Pakistan faces a concerning economic setback as official data from the State Bank of Pakistan (SBP) reveals a significant decline of $78 million in the country’s weekly foreign exchange reserves.
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SBP Issues Foreign Exchange Rates on February 1, 2024
Karachi, February 1, 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 February 1, 2024.
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SBP Issues Foreign Exchange Rates on January 31, 2024
Karachi, January 31, 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 January 31, 2024.
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SBP Announces Rs1 Million Prize for Banknote Art Competition
State Bank of Pakistan (SBP) has announced an exciting opportunity for artists with a generous Rs1,000,000 Grand Prize in its Art Competition for the upcoming New Banknote Series.
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SBP Slaps Rs 140.69M Regulatory Penalty on United Bank Limited
Karachi, January 31, 2024 – The State Bank of Pakistan (SBP) has taken stern action against United Bank Limited (UBL), imposing a regulatory penalty amounting to Rs 140.69 million for alleged violations of regulatory instructions throughout the calendar year 2023.
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Banks to Remain Closed on February 5, 2024 on Kashmir Day
Karachi, January 31, 2024 – In a recent announcement, the State Bank of Pakistan (SBP) declared that all banks will remain closed on February 5, 2024, in observance of Kashmir Day.
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SBP Announces 100% Advance Import Payment Approval
Karachi, January 30, 2024 – In a significant move aimed at facilitating trade and commerce, the State Bank of Pakistan (SBP) has granted approval for 100 percent advance payment for imports.
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SBP Issues Foreign Exchange Rates on January 30, 2024
Karachi, January 30, 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 January 30, 2024.
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SBP Launches Art Competition for New Banknote Series
Karachi, January 30, 2024 – In a bid to infuse creativity and innovation into the national currency, the State Bank of Pakistan (SBP) has announced an art competition inviting local artists, designers, and art students to contribute their ideas for the upcoming new series of banknotes.
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