Feb 10

State Bank modernizes forex rules to facilitate startups, fintechs

KARACHI: State Bank of Pakistan (SBP) has modernized foreign exchange regulations to facilitate startups, Fintechs and exports, a statement said on Wednesday. The central bank notified revisions in chapter 20 of the Foreign Exchange Manual to facilitate Start-ups, Fintechs and Exports. The new policy for equity investment abroad will attract foreign direct investment through the […]

by Mrs. Anjum Shahnawaz

Bill to amend foreign exchange regulations presented

Apr 5

Money & Banking

Bill to amend foreign exchange regulations presented

ISLAMABAD: The finance ministry has presented a bill in the parliament to amend foreign exchange regulations to stop illegal transactions. A statement on Thursday said that in order to prevent illegal foreign exchange transactions, The ministry of finance has proposed to amend the Foreign Exchange Regulations Act (FERA) 1947 by introducing a bill “FER (Amendment) […]

by Faisal Shahnawaz