Banks may be asked verifying goods valuation to check trade based money laundering

KARACHI: Banks shall be required to verify valuation of goods before approving electronic or manual import payment in order to prevent incidents of money laundering and terror financing. Read more »

Rupee sheds 38 paisas against dollar

KARACHI: The Pak Rupee lost 38 paisas against dollar on Thursday after indication of the government for entering IMF program. Read more »

SBP urges SMEs to avail refinance benefits

KARACHI: State Bank of Pakistan (SBP) has urged Small and Medium Enterprises (SMEs) to avail refinance facilities as the central bank put in place number of refinance facilities both for purchase of... Read more »

Rupee maintains level against dollar

KARACHI: The Pak Rupee maintained level against dollar on Wednesday despite higher demand for import and corporate payments. Read more »

Rupee ends flat against dollar

KARACHI: The Pak Rupee ended flat against dollar on Tuesday amid higher demand for import and corporate demand. Read more »

SBP allows regulatory exemptions, relaxations for low cost housing finance

KARACHI: The State Bank of Pakistan (SBP) has allowed certain exemptions and relaxations in prudential regulations for promoting low cost housing finance. Read more »

SBP launches Sharia compliant loan facility for low cost housing

KARACHI: State Bank of Pakistan (SBP) on Monday launched Sharia compliant loans for low cost housing for special segments. Read more »

Rupee falls by 26 paisas against dollar

KARACHI: The Pak Rupee depreciated by 26 paisas against US dollar on Monday due to demand for import and corporate payments. Read more »

Rupee gains 20 paisas on foreign inflows

KARACHI: Pak Rupee gained 20 paisas against US dollar in open market on Saturday on reports of foreign inflows from friendly countries. Read more »

Rupee gains nine paisas against dollar

KARACHI: The Pak Rupee gained nine paisas against dollar on Friday owing to inflows of remittances and export receipts. Read more »

Rupee gains 20 paisas against dollar

KARACHI: The Pak Rupee gained 20 paisas against dollar on Thursday owing to inflows of remittances and export receipts. Read more »

Rupee ends down by 11 paisas against dollar

ISLAMABAD: The Pak Rupee ended down by 11 paisas against dollar in interbank foreign exchange market owing to high demand for import and corporate payments. Read more »