SBP announces incentives for banks to make remittance transactions attractive

KARACHI: State Bank of Pakistan (SBP) on Friday made attractive the inflow of home remittances through formal channels and announced incentives for banks. Read more »

Rupee gains for fourth consecutive day on improved inflows

KARACHI: The Pak Rupee made gain against dollar for the fourth consecutive day on Friday owing to improved inflows. Read more »

SBP directs banks to prepare depositor-wise database

KARACHI: The State Bank of Pakistan (SBP) on Thursday directed banks to prepared a comprehensive depositor-wise database/ Management Information System. Read more »

Rupee makes gain for third consecutive day against dollar

KARACHI: The Pak Rupee made gain against dollar for the third consecutive day on Thursday owing to improved inflows of export receipts and workers’ remittances. Read more »

Moody’s assigns stable outlook to top five Pakistani banks

KARACHI: Following the improved outlook of Pakistan economy, Moody’s Investors Service on Thursday affirmed the B3 long-term local currency deposit ratings of five top Pakistani banks and changed the outlook to stable... Read more »

Import, export of gold prohibited under foreign exchange laws

KARACHI: The import and export of gold are prohibited, except with the general permission, under updated foreign exchange manual issued by State Bank of Pakistan (SBP). Read more »

Bearer prize bonds of Rs40,000 worth Rs233 billion documented

KARACHI: People have documented an amount of Rs233 billion invested in bearer prize bonds of Rs40,000 denominations following the government announcement of discontinuation. Read more »

SBP directs banks to provide daily branch-level cash position

KARACHI: State Bank of Pakistan (SBP) on Wednesday directed the banks to provide branch-wise cash position on daily basis. Read more »

Rupee continues to make gain on improved economic indicators

KARACHI: The Pak Rupee continued gains against dollar on Wednesday and further appreciated by five paisas on improved economic indicators. Read more »

Currency notes sent by post to Pakistan liable to confiscation

KARACHI: Sending currency notes and coins into Pakistan by post is illegal and liable to confiscation under updated Foreign Exchange Manual issued by State Bank of Pakistan (SBP). Read more »

Rupee gains 10 paisas on inflows of export receipts

KARACHI: The Pak Rupee gained 10 paisas against dollar on Tuesday owing to inflows of exports receipts and workers’ remittances, dealers said. Read more »

Rupee gains four paisas in early trade on improved sentiments

KARACHI: The Pak Rupee gained four paisas against dollar in early trade on Tuesday owing to improved economic conditions. Read more »