List of customer information to be verified by banks under latest AML regulations

KARACHI: The State Bank of Pakistan (SBP) on Wednesday issued the Anti-Money Laundering, Combating the Financing of Terrorism & Counter Proliferation Financing (AML/ CFT/ CPF) Regulations for banks and other financial institutions,... Read more »

Rupee gains 18 paisas against dollar on inflows

KARACHI: The Pak Rupee strengthened by 18 paisas against dollar on Wednesday owing to inflows of workers’ remittances and export receipts. The rupee ended Rs165.70 to the dollar from previous day’s closing... Read more »

SBP doubles loan size for setting up hospital to combat COVID

KARACHI: State Bank of Pakistan (SBP) has enhanced loan size to Rs 1 billion from Rs500 million for setting up new hospital to combat COVID-19. The central bank in a notification said... Read more »

Rupee ends firmer amid dollar demand for import, corporate payments

KARACHI: The rupee ended firmer against dollar on Tuesday amid demand of the foreign currency for import and corporate payments. The rupee ended Rs165.88 to the dollar from previous day’s closing of... Read more »

Rupee ends down by 10 paisas on import payment demand

KARACHI: The Pak Rupee ended down by 10 paisas against dollar on Monday owing to demand for import and corporate payments, dealers said. The rupee ended Rs165.89 to the dollar from last... Read more »

SBP issues framework for cloud outsourcing arrangements

KARACHI: State Bank of Pakistan (SBP) has issued framework for financial institutions outsourcing to cloud service providers (CSPs). The SBP said that to BPRD Circular No. 05 of 2017 on ‘Enterprise Technology... Read more »

Rupee gains 17 paisas in interbank foreign exchange market

KARACHI: The Pak Rupee gained 17 paisas against the dollar on Friday on inflows of remittances and export receipts. The rupee ended Rs165.79 to the dollar from the previous day’s close of... Read more »

Rupee gains 26 paisas on inflows

KARACHI: The Pak Rupee gained 26 paisas against dollar on Thursday owing to better inflows and surplus current account balance. The rupee ended Rs165.96 to the dollar from previous day’s closing of... Read more »

SBP relaxes 100pc cash margin condition on import of certain raw materials

KARACHI: The State Bank of Pakistan (SBP) on Thursday relaxed the condition of 100 percent cash margin requirement on import of certain raw materials. A statement issued by the SBP stated that... Read more »

SBP sells Rs478 billion worth treasury bills through auction

KARACHI: The government has borrowed an amount of Rs474.8 billion through sale of market treasure bills on Wednesday. The State Bank of Pakistan (SBP) said that bids were invited for the auction... Read more »