Wednesday, January 20, 2021

SBP

FAP decides not to provide USD to speculators, hoarders: Malik Bostan

President Forex Association of Pakistan Malik Bostan Khan along with the representatives of other exchange companies met Executive Director SBP Irfan Ali Shah and discussed USD rate and its availability in the market. After the meeting, association decided that only...

Pakistan to introduce FER act 2019 for financial transactions transparency

In order to prevent illegal foreign exchange transactions, Ministry of Finance has proposed to amend the Foreign Exchange Regulations Act (FERA) 1947 by introducing a bill “FER (Amendment) Act 2019”, in the National Assembly to empower the State Bank...

SBP: MPC increases policy rate by 50 bps to 10.75 percent

Economic data released since the last Monetary Policy Committee (MPC) meeting in January 2019 indicates that the impact of stabilization measures continues to unfold. In particular, the current account deficit recorded a sizeable contraction during the first two months...

Pakistan: NIFT to provide special clearing facility on March 30

In order to facilitate the collection of Government receipts/duties/taxes, National Institutional Facilitation Technologies Private Limited (NIFT) will provide special clearing facility on the advice of State Bank of Pakistan on Saturday, March 30, 2019 at 8:00 p.m. All banks are,...

Finance ministry says no discussion with IMF on Pak Rupee parity

After the rumors spread through some media outlets and on the social media, Ministry of Finance has clarified that there are no discussions with International Monetary Fund (IMF) of Pakistani Rupee parity verses USD. However, Ministry of Finance well informed...

Pakistan’s foreign exchange reserves surges to $ 17.9 billion after China pumped in $2.2 billion

Pakistan has received $2.2 billion from China on Monday, funds deposited in the State Bank of Pakistan (SBP) account. After receiving the finance facility from China, foreign exchange reserves of Pakistan surged to $ 17.9 billion. The financial support from...

FATF group’s crucial visit of Pakistan’s fate for white listing or more time

A well-informed source confirmed that the high leveled team of Financial Action Task Force (FATF) will arrive Islamabad, capital city of Pakistan on Sunday evening. The FATF group during the stay in Pakistan will review the steps taken by...

State Bank holds special exhibition on Pakistan Resolution Day

State Bank of Pakistan celebrated Pakistan Resolution Day by holding a special exhibition “Art in Coinage” at SBP Museum, Karachi. The exhibition highlights the work of renowned artist  Abdul Jabbar Gul as well as history of coinage. While inaugurating the...

Pakistan will receive $2.1 billion from China on March 25

Pakistan's finance ministry has completed all procedural formalities with China for the facility of $ 2.1 billion. The said fund will be deposited in the account of State Bank of Pakistan on Monday, March 25. Spokesperson of the ministry of...

SBP reiterates currency note features to help visually impaired persons

It has come into the notice of SBP that visually impaired persons find it difficult to recognize and distinguish amongst different Pakistani currency notes. SBP, for the information of the general public and specifically visually impaired persons, reiterates that Pakistani...
- Advertisement -

Latest News

Trump using presidential pardon to save potential allies

The renowned newspaper, USA Today, saw that President Donald Trump is using his power to save allies from legal...
- Advertisement -

Biden’s inauguration ceremony: Security on high alert in the American capital

The American capital has been in a state of security alert and tightening precautionary measures, with the approaching hour of the officially elected president...

Azerbaijan to start vaccinating citizens from next Monday

The doses of the Chinese anti-corona virus vaccine will be transported first to Turkey, where they will be examined and packed, before arriving in...

As You Likee: Express more, Create more with Likee’s In-App Features

The online short videos platform is rapidly becoming the content production application of choice for hundreds of thousands of Pakistanis to showcase their creativity,...

Adam Schiff: Donald Trump must be removed

Adam Schiff, Chairman of the Intelligence Committee in the US House of Representatives, affirmed that they continue to defend the democracy of the United...