Pakistan Customs, Tax, Shipping & Business News Resource
The State Bank of Pakistan (SBP) has, with immediate effect, cancelled the authorization/license of M/s Glaxy Exchange (Private) Limited on account of serious violations of SBP’s regulatory instructions. The exchange…
The State Bank of Pakistan (SBP) has partnered with the World Bank Group, through its private sector arm, the International Finance Corporation (IFC), to expand local currency financing and support…
Karachi, Pakistan – The State Bank of Pakistan (SBP) has initiated a nationwide “Go Cashless” campaign to promote digital payments and reduce reliance on cash transactions within cattle markets during…
KARACHI: In a significant policy shift, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) announced a 100 basis points cut in the policy rate to 11%,…
Karachi: President and CEO of Faysal Bank Ltd. Yousaf Hussain has been elected as the new president of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2024-2026…
KARACHI: In a significant move to enhance revenue collection, the Government of Pakistan’s Revenue Division, under the Federal Board of Revenue’s Customs Wing, has issued a directive to all Chief…
Apropos the reports circulating on various news portals regarding issuance of polymer (plastic) banknotes. SBP strongly refutes the reports as baseless and without substance. There is no such plan or…
During the ensuing month of Ramadan-ul-Mubarak 1445 A.H., the following office hours will be observed in the State Bank of Pakistan, which will also be followed by all banks, development…
The State Bank of Pakistan (SBP) on February 12, 2024 has cancelled the authorization/license of M/s. PBS Exchange Company (Pvt.) Limited on account of contraventions of the relevant laws and…
State Bank of Pakistan has suspended, with immediate effect, the authorization of the following Exchange Companies –B Category till further orders due to serious violations of the State Bank’s regulations…
State Bank of Pakistan has decided to introduce structural reforms in the Exchange Companies’ sector. As part of these reforms, leading banks actively engaged in foreign exchange business will establish…
The State Bank of Pakistan will remain closed from 21st to 25th April, 2023 (Friday to Tuesday) on the occasion of Eid-ul-Fitr.
Lasbela Chamber of Commerce and Industries shows great concern over the circular issued by the State Bank of Pakistan, which aims to discourage holding forex in foreign accounts to gain…
In implementation of the directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud – may Allah protect him; the Saudi Fund for Development (SFD)…
State Bank of Pakistan has renewed the status of both credit rating agencies operating in Pakistan namely “VIS Credit Rating Company Limited (VIS)” and “The Pakistan Credit Rating Agency Limited…
Organized by the Embassy of Pakistan in Riyadh The Governor of the State Bank of Pakistan, Dr Reza Baqir, expressed his gratitude to the Pakistani diaspora in the Kingdom of…
Governor State Bank of Pakistan, Dr. Reza Baqir announced that banks have shown overwhelming response to an innovative financing scheme for collateral free lending to SMEs introduced by the State…
In addition to the typical banking products or services, banks often offer or sell other financial products that are provided by other financial institutions, generally referred to as bancassurance or…
The Apex Committee for Student Loan Scheme having representation from State Bank of Pakistan, Finance Division (Government of Pakistan) and five major banks (NBP, HBL, UBL, ABL and MCB Bank)…
The State Bank of Pakistan will remain closed on Saturday, August 14, 2021 on the occasion of ‘Independence Day’ as declared by the Government of Pakistan.