Jul 31

Pakistani rupee falls 36% to Saudi Riyal in seven months

KARACHI: The Pakistani Rupee (PKR) has recorded a sharp decline by Rs16.79 or 36 per cent against the Saudi Riyal during the past seven months January – July 2022, according to official data. According to weighted average customer exchange rates issued by the State Bank of Pakistan (SBP), the selling rate by exchange companies opened […]

by Hamza Shah

SBP issues instructions on Hajj related outward remittances

Jun 4

Money & Banking, National, Top stories

SBP issues instructions on Hajj related outward remittances

KARACHI: State Bank of Pakistan (SBP) has issued instructions to banks related to issuance of remittances for Hajj expanses and their repatriation on non-utilization. The SBP issued a circular dated June 03, 2022 invited attention of banks to Para 45A, Chapter 17 of Foreign Exchange Manual in terms of which Authorized Dealers are allowed to […]

by Hamza Shah

Banks directed to observe working on weekly holidays for Hajj form collection

Mar 6

Money & Banking

Banks directed to observe working on weekly holidays for Hajj form collection

KARACHI: The State Bank of Pakistan (SBP) on Friday directed banks to observed working days on weekly holidays to facilitate intending pilgrims in depositing application forms and dues for Hajj 2020. The central bank said that on the request of Ministry of Religious Affairs & Interfaith Harmony, Islamabad, it has been decided that authorized banks […]

by Anjum Shah

SBP directs banks to collect Hajj applications on coming weekly holidays

Feb 24

Money & Banking

SBP directs banks to collect Hajj applications on coming weekly holidays

KARACHI: State Bank of Pakistan (SBP) on Monday directed banks to collect Hajj applications and other dues on coming weekly holidays on Saturday February 29 and Sunday March 01. A statement issued by the SBP stated that in order to facilitate the intending pilgrims to deposit application forms along with dues for Hajj 2020, 13 […]

by Anjum Shah

Hajj, Umrah: Saudi Arabia advises biometric confirmation locally

Sep 24

National

Hajj, Umrah: Saudi Arabia advises biometric confirmation locally

KARACHI: The ministry of Hajj and Umrah of Saudi Arabia has issued instructions for pilgrims in countries with Biometric enrollment centres for Hajj & Umrah must consider completing the mandatory biometric registration locally after obtaining Hajj or Umrah visa. The ministry said that registering biometric information before arriving at the entry ports of the Kingdom […]

by Anjum Shah

SBP directs for opening bank branches on Saturday to receive Hajj applications

Mar 7

National

SBP directs for opening bank branches on Saturday to receive Hajj applications

KARACHI: State Bank of Pakistan (SBP) on Thursday directed commercial banks to open branches on March 09 (Saturday) for collection of Hajj forms. The SBP said that Ministry of Religious Affairs & Interfaith Harmony, Government of Pakistan has extended the date for collection of Hajj applications by designated banks from March 7, 2019 to March […]

by Faisal Shah

Banks to remain open on Saturday, Sunday for receiving Hajj applications

Feb 26

Money & Banking

Banks to remain open on Saturday, Sunday for receiving Hajj applications

KARACHI: State Bank of Pakistan (SBP) on Tuesday said that the commercial banks will remain open on March 2-3 (Saturday – Sunday) to facilitate pilgrims in depositing Hajj applications along with dues. The SBP directed 14 designated banks including National Bank of Pakistan, Habib Bank, United Bank, MCB Bank, Allied Bank, Bank of Punjab, Bank […]

by Faisal Shah