Karachi, January 30, 2024 – Mobilink Microfinance Bank Limited is facing the repercussions of breaching Anti-Money Laundering (AML) and Combating of Terror Financing (CFT) regulations, as the State Bank of Pakistan (SBP) has imposed a substantial penalty of Rs 35.11 million.
(more…)Tag: State Bank of Pakistan
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Pakistan Fines 10 Banks Rs 465 Million for Regulatory Violations
Karachi, January 29, 2024 – In a significant move to uphold regulatory compliance in the banking sector, Pakistan has imposed a substantial monetary penalty totaling Rs 465 million on 10 commercial banks.
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Pakistan to Introduce New Series of Currency Notes
Karachi, January 29, 2024 – In a move aligning with global trends, the State Bank of Pakistan (SBP) has decided to introduce a new series of currency notes, boasting enhanced security features.
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SBP Maintains Policy Rate at 22% for Fifth Consecutive Time
Karachi, January 29, 2024 – In a highly anticipated decision, the State Bank of Pakistan (SBP) announced on Monday that it will keep the benchmark policy rate unchanged at 22 percent.
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SBP Issues Foreign Exchange Rates on January 29, 2024
Karachi, January 29, 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 29, 2024.
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Foreign Profit Repatriation Surges 161% Before Pakistan Elections
Karachi, January 27, 2024 – In a startling revelation, official data released by the State Bank of Pakistan (SBP) on Friday disclosed a staggering 161 percent surge in foreign profit and dividend repatriation from Pakistan in the first half of the fiscal year 2023-24.
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SBP Issues Foreign Exchange Rates on January 26, 2024
Karachi, January 26, 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 26, 2024.
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Anticipation of Stable 22% Policy Rate at Upcoming SBP Meeting
Karachi, January 25, 2024 – Topline Research’s recent poll has revealed a prevailing expectation of a status quo in the benchmark policy rate at 22 percent during the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) meeting scheduled for January 29, 2024.
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Pakistan’s Forex Reserves Rise by $196 Million Amid Repayments
Karachi, January 25, 2024 – Pakistan’s foreign exchange reserves witnessed a notable surge, recording an increase of $196 million in the week ended January 19, 2024.
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SBP Issues Foreign Exchange Rates on January 25, 2024
Karachi, January 25, 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 25, 2024.
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