The State Bank of Pakistan (SBP) has issued new policy guidelines for banks in the country, instructing them to formulate a digital fraud prevention policy to safeguard their customers’ accounts.
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Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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Supreme Court orders SBP to release funds for elections
The Supreme Court of Pakistan Friday directed the State Bank of Pakistan to release Rs21 billion in funds to the Election Commission of Pakistan (ECP) for holding elections for the Punjab Assembly.
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FBR urges citizens to stay informed about their financial transactions
The Federal Board of Revenue (FBR) Friday urged citizens to stay aware of their financial transactions, stating that the board holds records of all major financial activities.
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Pakistan raises benchmark rate to 21% to tackle economic challenges: SBP
The State Bank of Pakistan (SBP) has raised its benchmark policy rate by a significant 1400 basis points to 21 per cent over the past 18 months to address the economic challenges being faced by the country.
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Pakistan’s banking sector exposed to sovereign borrowing
Pakistan’s banking sector is facing growing risks due to its increasing exposure to the government, according to a report issued by the World Bank.
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Supreme Court stays implementation on practice, procedure bill
An eight-member larger SC bench comprising Chief Justice of Pakistan issued an interim order granting stay in implementation on Supreme Court (Practice and Procedure) Bill, 2023.
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Pakistan approves interest-free loans for electric bikes to boost local manufacturing
On Thursday, Pakistan’s Economic Coordination Committee (ECC) approved interest-free loans for electric bikes and electric rickshaws. The move is aimed at encouraging the manufacturing of electric vehicles in the country.
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Pakistan’s foreign exchange reserves decline to $9.565 billion due to external repayment
Pakistan’s foreign exchange reserves have declined by $195 million to $9.565 billion due to repayment of foreign debt, State Bank said on Thursday.
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US dollar weakens to PKR 284.91 as Pakistan awaits IMF review finalization
The US dollar lost value against the Pakistani Rupee (PKR) on Thursday, ending at PKR 284.91, as markets anticipate the finalization of the 9th review of Pakistan’s International Monetary Fund (IMF) program.
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Inventory shortages force leading Pakistani automotive companies to extend plant shutdown
In the wake of inventory shortages, leading automotive companies in Pakistan Thursday announced an extension of their plant shutdown periods.
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