SBP issues revised instructions for foreign currency dealings

KARACHI: State Bank of Pakistan (SBP) has amended Foreign Exchange Manual and issued revised Chapter 11 of the manual related to dealings in foreign currency notes and coins etc. by the authorized... Read more »

SBP revises ‘blocked accounts’ of non-resident Pakistanis under Foreign Exchange Manual

KARACHI: State Bank of Pakistan (SBP) has revised blocked accounts of non-resident Pakistanis under Foreign Exchange Manual and laid down procedure for investment of amount from such blocked account. Read more »

Banks require to provide monthly report of foreign exchange transactions

KARACHI: Banks have been required to provide foreign exchange transactions in each currency to State Bank of Pakistan (SBP) on monthly basis. Read more »

Taking out of jewellery and precious stones prohibited

KARACHI: The laws have prohibited export from Pakistan of jewellery or precious stones except with the general or special permission of the State Bank (SBP). Read more »

Carrying above $10,000 without source to be dealt under anti-money laundering laws

KARACHI: The government has prescribed a limit of foreign currency amounting above $10,000 or equivalent within Pakistan. A person carry foreign currency above this limit without explaining source may be dealt under... Read more »

Maximum Rs3,000 allowed to take out from Pakistan to India

KARACHI: A person is allowed to take out Pakistani currency a maximum amount of Rs3,000 for traveling to India. Read more »