FTO Urges FBR and SBP Collaboration to Tackle Exporters’ Valuation and Transaction Issues

FTO Urges FBR and SBP Collaboration to Tackle Exporters' Valuation and Transaction Issues

¬†The FTO has ordered the Federal Board of Revenue (FBR) to team up with the State Bank of Pakistan (SBP) and tackle two major hurdles you’ve been facing: Remember how open-account transactions used to give you nightmares? Banks holding up payments because of price discrepancies between your declaration and customs’ assessment for imported raw materials? … Read more

SBP Announces New Design Competition & Enhanced Security for Currency Notes

SBP Announces New Design Competition & Enhanced Security for Currency Notes

Get ready, Pakistan! The State Bank (SBP), the boss of all thing’s money in the country, has decided to give our trusty currency notes a major makeover. That’s right, soon you’ll be holding brand new bills with fancy designs, cool colors, and top-notch security features to keep the bad guys out. Why the Change? Remember … Read more

SBP Management Meets OICCI to Talk About Immediate Monetary and Fiscal Policy Measures

SBP

The Overseas Investment Chamber of Commerce and Industry (OICCI) and the management of the State Bank of Pakistan (SBP) met to discuss urgent fiscal and monetary policy actions that must be taken to aid in stabilizing Pakistan’s economy. Dr. Murtaza Syed, the acting governor of the State Bank of Pakistan (SBP), Dr. Inayat Hussain, and … Read more

SBP discourages dollar trading as PKR suffers its worst weekly decline since 1998

SBP

The State Bank of Pakistan (SBP) has discouraged interbank trade since the lack of US dollar banknotes has driven the Pakistani rupee to its lowest weekly level in over two decades. The central bank has asked commercial lenders to manage import payment obligations from their inflows, such as exporter accruals and remittances. They also emphasized … Read more