August 12, 2022

Pkrevenue.com

Pakistan Revenue

Category: Money & Banking

Rupee jumps to Rs221.91 against dollar
Aug 10
Money & Banking

Rupee jumps to Rs221.91 against dollar

KARACHI: The Pakistani rupee recovered Rs2.13 against the US dollar on Wednesday to close at Rs221.91 at closing of interbank foreign exchange market. Previously, the exchange rate closed at Rs224.04 to the dollar on August 05, 2022. READ MORE: Pakistani rupee extends gain to dollar for sixth session The rupee continued the gain for seventh […]

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National Savings stops profit coupons after August 31, 2022
Aug 7
Money & Banking, Top stories

National Savings stops profit coupons after August 31, 2022

ISLAMABAD: The Central Directorate of National Savings (CDNS) has announced that it will not issue profit for various savings schemes through coupons. In a public notice, the CDNS said that laws have been amended related to regular income certificates, Behbood Saving Certificates and Pensioners Benefit Account. READ MORE: Pakistan increases profit rates for saving accounts […]

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Pakistan increases profit rates for saving accounts
Aug 7
Money & Banking

Pakistan increases profit rates for saving accounts

Pakistan has increased profit rates for saving accounts to 13.50 per cent per annum from 12.25 per cent. The Central Directorate of National Savings (CDNS), the authority to manage the saving schemes in Pakistan, has announced the increase in profit rates on various schemes. READ MORE: Pakistan hikes key policy rate by 125 basis points […]

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SBP issues options to make donation in PM flood relief fund State Bank of Pakistan
Aug 6
Money & Banking, National

SBP issues options to make donation in PM flood relief fund

KARACHI: The State Bank of Pakistan (SBP) on Saturday issued multiple options to make donations in prime minister flood relief fund 2022. The central bank said that the government had notified establishment of a flood relief fund, namely, Prime Minister’s Flood Relief Fund, 2022, for providing relief and rehabilitation to the affected population due to […]

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SBP relaxes cash margin restriction on import State Bank of Pakistan
Aug 6
Money & Banking, Top stories

SBP relaxes cash margin restriction on import

KARACHI: The State Bank of Pakistan (SBP) has relaxed restriction on cash margin requirement on imported items. According to a circular issued on August 05, 2022, the SBP said that banks were required to maintain 100 percent cash margin against certain items of import (HS codes), regardless of the mode of payment. READ MORE: SBP […]

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SBP advises banks to issue digital verification for remittances State Bank of Pakistan
Aug 5
Money & Banking

SBP advises banks to issue digital verification for remittances

KARACHI: State Bank of Pakistan (SBP) on Friday issued instructions to banks to ensure implementation of digital verification for inward remittances. The central bank said that in order to provide convenience to the banking customers, Authorized Dealers (Ads) / banks were advised to digitalize the process of the issuance and verification of the Proceeds Realization […]

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