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Tag Archives: SBP

Pakistan’s Liquid Forex Reserves reaches $21.92 billion

Advertisements KARACHI: Pakistan’s total liquid foreign exchange reserves are at $21.9 billion for the week ended on February 17, 2017, as compared to $21.8 billion of the previous week ended on February 10, 2017, reported by the Domestic Markets & Monetary Management Department of the State Bank of Pakistan (SBP). …

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SBP: Pakistan’s Liquid Forex Reserves reaches $21 billion mark

KARACHI: Pakistan’s total liquid foreign exchange reserves are at $21 billion for the week ended on December 18, 2015 as compared to $20.7 billion of the previous week ended on December 11, 20015, reported by the Domestic Markets & Monetary Management Department of the State Bank of Pakistan (SBP). First …

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SBP launches Official App to check the ‘forgery’ in currency notes

The State Bank of Pakistan has finally developed and launched an App for Android devices to detect ‘fake’ currency notes. The official application has been developed by the bank to increase awareness related to security features of Pakistani currency notes. It will help the users to identify and check the …

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IMF Executive Board approves immediate disbursement of $504.8m to Pakistan

WASHINGTON: After successfully completing the eights review of Pakistan’s economic performance, the Executive Board of International Monetary Fund (IMF) has decided to provide immediate disbursement of $504.8 million. After completing the review under a three year programme supported by an Extended Fund Facility (EFF) arrangement, the Executive Board also approved …

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SBP: Foreign Workers’ Remittances rise 5.4% to $3.1 billion in FY16

ISLAMABAD: According to External Relations Department of State Bank of Pakistan (SBP), overseas Pakistani workers has remitted $3.1 billion in the first two months (July to August) of FY16. During the month of August 2015, foreign remittances were $1.52 billion that were 8.21% higher than remittance of July 2015 and …

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SBP: Pakistan’s Liquid Forex Reserves raised by 1.52%

KARACHI: After facing fluctuations in the month of July 2015, Pakistan liquid forex reserves figure ended at $18,822.1 million that is the highest reserves figure achieved by the country so far, reported by Domestic Markets & Monetary Management Department of the State Bank of Pakistan (SBP). The month of July …

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SBP: Pakistan Liquid Forex Reserves slashed by $66 million in a week

KARACHI: Foreign Reserves held by the State Bank of Pakistan (SBP) has been decreased by $66 million in second week of July, reported by Domestic Markets & Monetary Management Department of Pakistan. Pakistan’s forex reserves that started to grew by the end of June 2015 has started to decline again …

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SBP’s Third Quarterly Report 2015 on the State of the Economy

KARACHI: After facing some hurdles in the initial months of the fiscal year 2015, the third quarter ended with a visible improvement in the macroeconomic sector of the Pakistan, according to third quarterly report of the Central Board of Directors of the State bank of Pakistan (SBP) presented in parliament …

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SBP: Foreign Workers’ Remittances rise 16.5% to $18.4 billion in FY15

ISLAMABD: According to External Relations Department of State Bank of the Pakistan, overseas Pakistani workers remitted $18.4 billion during FY15 (July to June), that is 16.5% than the $ 15.8 billion received during the FY14. This is the highest figure Pakistani achieved during FY15. This figure is also 9.51% higher …

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SBP introduces SMS service for distributing fresh currency notes this Eid

State Bank of Pakistan in association with Eocean Private Limited has brought in an SMS service for distribution of free currency notes to the masses this Eid. The newfangled notes will be issued through 150 e-branches of commercial banks in the selected cities of Pakistan. The decision is made to …

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SBP seeks details about NGO’s source of funding

KARACHI: With the aim of regulating non-governmental organizations (NGOs), the State Bank of Pakistan (SBP) has asked all commercial banks to furnish all bank accounts and details about the source of funding of NGOs working in Pakistan, in order to monitor their activities. On June 24, 2015, the Supreme Court …

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Fresh currency notes to be available for general public from June 25, says SBP

KARACHI: The State Bank of Pakistan (SBP) has announced the availability of fresh currency notes for general public from June 25, according to External Relations Department of SBP. In a recent press release of SBP, fresh currency notes will be available at the field offices of SBP with-effect-from June 25 …

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SBP: Minimal raise in weekly Liquid Forex Reserves

KARACHI: Pakistan’s Liquid Forex Reserves are at $17,448.5 million. Minimal raise was recorded between June 5 to June 12, 2015, reported by Domestic Markets & Monetary Management Departments of the State Bank of Pakistan. Pakistan Liquid Forex Reserves started to climb in the first week of June 2015 after facing …

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Circulation of Old Currency notes to end by 2016: SBP

KARACHI: The government has decided to phase out all old-designed currency notes till the end of next calendar year, said the State Bank on Wednesday. “As per federal government notification (June 4, 2015), such currency notes will cease to be legal tender from Dec 1, 2016,” said by SBP. Previously, …

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