Karachi, June 28, 2024 – The State Bank of Pakistan (SBP) has officially declared July 1, 2024, as a bank holiday across Pakistan. This decision, communicated through a statement by the central bank today, mandates the closure of all financial institutions, including the SBP itself, as well as banks, Development Financial Institutions (DFIs), and Microfinance Banks (MFBs), shall observe bank holiday for public dealings on Monday, July 1, 2024.
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SBP Issues Bank Timings for Tax Collection in FY24 Closing
Karachi, June 28, 2024 – The State Bank of Pakistan (SBP) announced on Friday the bank timings for the collection of duty and tax during the last three days of the fiscal year 2024-25.
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SBP Issues Foreign Exchange Rates as of June 28, 2024
Today, June 28, 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 Records $208 Million Fall in Weekly Forex Reserves
Karachi, June 27, 2024 – Pakistan has recorded a fall of $208 million in foreign exchange reserves for the week ending June 21, 2024, according to the State Bank of Pakistan (SBP).
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SBP Urges Banks to Promote SME Financing
Karachi, June 27, 2024 – The State Bank of Pakistan (SBP) on Thursday urged commercial banks to enhance financing for Small and Medium Enterprises (SMEs).
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SBP Issues Foreign Exchange Rates as of June 27, 2024
Today, June 27, 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 June 26, 2024
Today, June 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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SBP Issues Foreign Exchange Rates as of June 25, 2024
Today, June 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 June 24, 2024
Today, June 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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Current Account Deficit Narrows to $464 Million in 11MFY24
Karachi, June 21, 2024 – The State Bank of Pakistan (SBP) announced on Friday that the country’s current account deficit has narrowed significantly to $464 million during the first 11 months (July – May) of fiscal year 2023-24. This marks a substantial improvement compared to the $3.76 billion deficit recorded in the same period of the previous year.
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