April 27, 2024

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Pakistan Revenue

Category: Money & Banking

SBP allows export of US dollar: ECAP
Aug 16
Money & Banking, Top stories

SBP allows export of US dollar: ECAP

KARACHI: Exchange Companies Association of Pakistan (ECAP) on Tuesday said that the State Bank of Pakistan (SBP) has allowed export of dollar. “Today [August 16, 2022] the SBP issued a circular to allow export of dollar,” said Malik Bostan, Chairman, ECAP in a statement. READ MORE: Dollar falls for ten straight days against Pakistani Rupee; […]

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Banks directed to allow RDA opening through mobile phones State Bank of Pakistan
Aug 15
Money & Banking

Banks directed to allow RDA opening through mobile phones

KARACHI: The State Bank of Pakistan (SBP) on Monday directed banks to complete the development of Mobile Phone applications incorporating account opening facility for all types of Roshan Digital Accounts (RDAs). The SBP in a statement said that a circular was issued on September 09, 2020 regarding the Service Standards for Roshan Digital Accounts for […]

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Faysal Bank celebrates 75th Pakistan Independence Day
Aug 14
Money & Banking, National

Faysal Bank celebrates 75th Pakistan Independence Day

KARACHI: Faysal Bank Limited (FBL) celebrated Pakistan’s 75th Independence Day by organizing flag hoisting ceremony on Sunday. The heartwarming ceremony took place on the bank’s iconic branch located at Abdullah Haroon Road. The celebrations of the 75th anniversary required a platinum edge, therefore FBL decided to showcase Pakistan’s inclusivity by inviting the Special Olympic athletes […]

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SBP automates verification of refinance claims State Bank of Pakistan
Aug 12
Money & Banking

SBP automates verification of refinance claims

KARACHI: The State Bank of Pakistan (SBP) on Friday announced the automation of verification of refinance clams under the Export Finance Scheme (EFS). Automated verification will significantly enhance the efficiency of refinance operations and improve exporters’ access to liquidity, the central bank added. READ MORE: Interest rates on export, business loans enhanced to 10% With […]

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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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