State Bank of Pakistan (SBP) authorized to non-resident individuals holding Pakistan Origin Card (POC) to open foreign currency account

State Bank of Pakistan (SBP) authorized to non-resident individuals holding Pakistan Origin Card (POC) to open foreign currency account

State Bank of Pakistan (SBP) authorized to non-resident individuals holding Pakistan Origin Card (POC) to open foreign currency account. Pakistan Origin Card (POC) Foreign Exchange (FE) circular No. 02 dated August 05, 2020 explains, a…

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Pakistani Rupee Made Recovery against US Dollar

Pakistani Rupee Made Recovery against US Dollar

Pakistani Rupee Made Recovery against US Dollar Good news is here as after a huge devaluation of Pakistani Rupee in recent days against dollar now rupee appreciated more than Rs9 in the intraday trade and…

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75 Rupees Note in Pakistan on 75th Anniversary of Country

75 Rupees Note in Pakistan on 75th Anniversary of Country

The State Bank of Pakistan (SBP) plans to issue commemorative banknotes of Rupees 75 to mark the 75th Independence Day of Pakistan. According to ProPakistani.pk, the Cabinet has approved the design of the Rupees 75 banknotes.…

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State Banks Issues Advisory Against Illegal Trading Apps

State Banks Issues Advisory Against Illegal Trading Apps

State Banks Issues Advisory Against Illegal Trading Apps State Bank of Pakistan (SBP) has issued an advisory against offshore foreign exchange trading websites and apps and has cautioned people against buying products or services from…

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State Bank of Pakistan Eases Conditions for Housing Finance

State Bank of Pakistan Eases Conditions for Housing Finance

The State Bank of Pakistan (SBP) relaxed financing conditions for housing units in under construction projects. The State Bank of Pakistan (SBP) issued a circular dated February 25, 2022 to ease the conditions for house…

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Governor State Bank of Pakistan Dr Reza Baqir Salary

Governor State Bank of Pakistan Dr Reza Baqir Salary

The Governor of the State Bank of Pakistan (SBP), Dr. Reza Baqir, gets a monthly salary of Rs. 2.5 million, according to a document submitted to the Senate Secretariat by the Finance Division. In a…

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State Bank to Issue New Licenses to 5 New Digital Banks

State Bank to Issue New Licenses to 5 New Digital Banks

The State Bank of Pakistan (SBP) will soon embark upon a journey toward an advanced banking system in the country by issuing licenses for setting up digital banks. In the first phase, the regulatory authority…

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State Bank reports complete ban on cryptocurrency and related activities in Pakistan

State Bank reports complete ban on cryptocurrency and related activities in Pakistan

A committee headed by the deputy governor of the State Bank of Pakistan (SBP) has recommended a complete ban on cryptocurrency, saying that allowing it could lead to an outflow of foreign exchange and illicit…

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All set to introduce Finance Bill and State Bank autonomy bill in Parliament tomorrow

All set to introduce Finance Bill and State Bank autonomy bill in Parliament tomorrow

The government is all set to introduce the amended Finance bill, and State Bank of Pakistan (SBP) autonomy bills in Parliament for approval tomorrow (Tuesday) despite resistance by opposition. Both the bills are being introduced…

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State Bank to be granted autonomy as parliament passes amendment bill

State Bank to be granted autonomy as parliament passes amendment bill

The State Bank of Pakistan (SBP) is soon be granted autonomy as an amendment bill was approved in the parliament on Wednesday, bringing Pakistan a step closer to reviving the $6 billion International Monetary Fund…

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