Exchange Companies’ (B-Category) license to cancel KARACHI, September 6, 2023: The 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 wholly owned Exchange Companies to cater to the legitimate foreign exchange needs of general…
Karachi, September 2, 2023” KSE 100 Index declined by -5.2 percent on WoW basis, this decline can largely be attributed to growing concern over upcoming monetary policy where investors fear SBP will opt for significant increase in policy rate to stop continuous depreciation of Rupee and to tame inflation in the back drop recent increase…
KARACHI: The State Bank of Pakistan (SBP) has announced that Raast services will remain unavailable for two days. According to SBP, Raast services will not be available from 09:00 AM on 3rd September, till 12:00 AM on 4th September 2023, due to a pre-planned major system upgradation. It may be mentioned here that Raast services…
KARACHI: Sep 02: The caretaker federal and provincial governments are committed to promoting the IT sector across the country to support the vision of the Special Facilitation Investment Council (SFIC) for strengthening the economy. This was stated by Younus Dahga, Minister for Finance, Planning, Development and Revenue — Government of Sindh while talking exclusively to…
Islamabad, August 30, 2023: A meeting of the Senate Standing Committee on Finance and Revenue was held here at Parliament House on Wednesday with Senator Saleem Mandviwalla in the Chair. during the meeting, the committee deliberated on the Private Member Bill titled “The State Bank of Pakistan (Amendment) Bill,2023″. Senator Mushtaq Ahmed, the mover of…