Karachi, November 09, 2022 (PPI-OT):A high-level meeting was held between the Governor, State Bank of Pakistan (SBP) and the Director General, Federal Investigation Agency (FIA) on November 8, 2022. The meeting took stock of illicit foreign exchange activities and chalked...
Karachi, November 09, 2022 (PPI-OT):State Bank of Pakistan (SBP) has reviewed the existing foreign currency cash carrying limits for travel purposes, and decided to further rationalize the same. As per the revised limits individuals with age 18 years and above...
Islamabad, October 01, 2022 (PPI-OT):SBP has amended foreign exchange regulations with an objective to promote documentation and transparency in the foreign exchange transactions between exchange companies. In terms of revised regulations, it has been made mandatory for Exchange Companies, Franchises...
Karachi, September 14, 2022 (PPI-OT):The State Bank of Pakistan (SBP) has suspended, with immediate effect, the authorization of two Exchange Companies, namely, Swiss International Exchange Company-B (Pvt.) Limited and Great Union Exchange Company-B (Pvt.) Limited for three months due to...
The post State
Karachi, September 14, 2022 (PPI-OT):Lately, some media reports and representatives of trade organizations have claimed that banks are not opening Letters of Credit (LCs) for essential raw materials including pharmaceuticals. This is contrary to the facts. It is clarified that...
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Karachi, September 06, 2022 (PPI-OT):State Bank of Pakistan (SBP) has signed a memorandum of understanding (MoU) with Zameen.com according to which the latter will provide data on the prices and rental costs of residential and commercial properties in the country’s...
The post SBP
Karachi, August 31, 2022 (PPI-OT):It has been noticed that a few complaints have been circulating on social media platforms regarding non-acceptance of donations from general public in “CM Flood Relief Fund” of KP and Punjab. In this context, upon enquiry...