SBP enhances scope of foreign currency account funds utilization
KARACHI: State Bank of Pakistan (SBP) has enhanced scope of funds utilization in the foreign currency accounts in order to facilitate exporters.
KARACHI: State Bank of Pakistan (SBP) has enhanced scope of funds utilization in the foreign currency accounts in order to facilitate exporters.
ISLAMABAD: Finance Minister Ishaq Dar Wednesday said that the government was not considering to access foreign currency accounts of depositors because these are property of the citizens.
KARACHI: State Bank of Pakistan (SBP) on Monday introduced a separate category of foreign currency and rupee value business value account (FCBVA). The central bank invited attention of banks and authorized dealers in foreign currency to Chapter 6 of the Foreign Exchange Manual, which provided general instructions for opening and maintaining foreign currency accounts in […]
KARACHI: The State Bank of Pakistan (SBP) on Monday rejected rumors related to freezing foreign currency accounts. The SBP in a statement said the government of Pakistan and the State Bank assure all account holders maintaining Foreign Currency Accounts (FCA), Roshan Digital Accounts (RDA) and Safety Deposit Lockers in banks in Pakistan that their accounts […]
KARACHI: State Bank of Pakistan (SBP) has broadened the purposes for which the funds retained by exporters in the Special Foreign Currency Accounts (SFCAs) can be utilized. Banks are allowed to make payment from the accounts for a number of new purposes in addition to existing ones, SBP said in a statement on Friday. However, […]
KARACHI: State Bank of Pakistan (SBP) on Friday allowed commercial banks to open foreign currency accounts by entities operating under newly established Special Technology Zones (STZs) The SBP in a notification said that in order to further the objectives of establishing the Special Technology Zones under the Special Technology Zones Authority Ordinance, 2020, it has […]
KARACHI: State Bank of Pakistan (SBP) on Tuesday allowed non-resident individuals holding Pakistan Origin Card (POC) to open foreign currency account. The SBP said that as per FE circular No. 02 dated August 05, 2020, a non resident individuals is eligible to open foreign currency account. The SBP clarified that an individual non-resident, holding Pakistan […]