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 prevailing laws including…
KARACHI: A person is allowed to take out Pakistani currency a maximum amount of Rs3,000 for traveling to India.
KARACHI: The Secretariat of International Association of Deposit Insurers (IADI) has decided to admit Deposit Protection Corporation (DPC), State Bank of Pakistan as IADI Member. DPC is the 84th member of the global body of…
KARACHI: Pakistan’s foreign exchange reserves have increased by $10 million to $14.895 billion by week ended February 08, 2019 as compared with $14.885 billion a week ago, State Bank of Pakistan (SBP) said on Thursday.
KARACHI: State Bank of Pakistan (SBP) on Thursday directed all banks to display prominently contact details to facilitate customers in case of complaints and other issues.
KARACHI: The investment in unregistered prize bonds has increased by 17 percent to Rs922.78 billion by month-end of December 2018 as against ending stock of Rs788.4 billion in the same month a year ago, according…
KARACHI: The State Bank of Pakistan (SBP) has raised Rs2,107.51 billion in an auction of Market Treasury Bills (MTBs) held on Wednesday.
KARACHI: The deposits of banking system has declined by 2.22 percent to Rs13.057 trillion by end of January 2019 as compared with Rs13.35 trillion as of December 31, 2018.
KARACHI: The remittances sent by overseas Pakistanis have increased by 12.22 percent to $12.774 billion during first seven months (July – January) 2018/2019 as compared with $11.383 billion in the corresponding period of the last…
KARACHI: Banks have disbursed Rs527 billion as agriculture credit during first half of current fiscal year, which is 22 percent higher than the disbursement made during the same period of the last fiscal year.
KARACHI: The volume of domestic debt has increased by 13.6 percent to Rs17,536 billion by end-December 2018 as compared with Rs15,437 billion in the same month a year ago, according to State Bank of Pakistan…
KARACHI: State Bank of Pakistan (SBP) has estimated that around $1.5 billion exports in Information and Communications Technologies (ICT) are remained undocumented due to absence of major world’s leading payment solution provider and preference of…