Lahore 1st Oct, 2023: Rashid Ashraf, the CEO of ACE Money Transfer, has suggested a multifaceted strategy to save the precious foreign exchange reserves of the country. The State Bank of Pakistan last week reported that the nation’s overall foreign reserves amounted to $13,079.1 million. Pakistan’s foreign reserve levels have experienced a downward trend in…
Karachi, March 16, 2021: To further extend the digitalization drive, enhance operational efficiency and transparency, promote ease of doing business and make case submission cost effective and environment friendly, State Bank of Pakistan (SBP) is encouraging ADs to develop their own portals to connect their customers. For the purpose, ADs were advised to provide an online…
Karachi, October 17, 2020: Dr. Reza Baqir launched the SBP FX Regulatory Approval System (RAS) for end-to-end digitalization of Foreign Exchange (FX) related case submission process today in a ceremony held in Karachi. At the invitation of Governor Baqir, Dr. Ishrat Husain, Advisor to the Prime Minister on Institutional Reforms and Austerity and the Governor State…