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FBR decides to integrate foreign exchange dealers with Point of Sale system

FBR decides to integrate foreign exchange dealers with Point of Sale system

The Federal Board of Revenue (FBR) has decided to integrate the foreign exchange dealers with its Point of Sale (POS) system to keep an eye on the trading activities of the forex market. According to…

FINANCE
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…

FINANCE
Notice issued by FIA to popular cryptocurrency exchange Binance

Notice issued by FIA to popular cryptocurrency exchange Binance

The Federal Investigative Agency’s (FIA) Cyber Crime Wing said on Friday that it has issued a notice to an official from Binance, a popular cryptocurrency exchange, while investigating a multi-million dollar scam. The agency, seeking…

FINANCE
Sohni Dharti Remittance Program | Step by Step procedure to Register with sohni Dharti Program

Sohni Dharti Remittance Program | Step by Step procedure to Register with sohni Dharti Program

What is Sohni Dharti Remittance Program? According to the SBP, the program has been designed to incentivize Pakistani workers abroad to send remittances to Pakistan through banks and exchange companies. They will get reward points…

FINANCE
Hackers managed to steel Cash from National Bank of Pakistan ATM

Hackers managed to steel Cash from National Bank of Pakistan ATM

Hackers have stolen more than Rs. 5.8 million cash from an ATM of a branch of the National Bank of Pakistan (NBP) located in Pindi Bhattian, a city of Punjab’s Hafizabad district. According to details,…

FINANCE
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…

FINANCE
State Bank of Pakistan launched module to promote Green Banking practices

State Bank of Pakistan launched module to promote Green Banking practices

The State Bank of Pakistan (SBP) has launched a module pertaining to the banking policy and regulations to enhance efficiency and promote Green Banking practices. In a statement, the central bank said: “Building upon its…

FINANCE
New Deadline for implementation of Biometric Verification System for Exchange Companies

New Deadline for implementation of Biometric Verification System for Exchange Companies

The State Bank of Pakistan (SBP) has set a new deadline of June 30, 2022, for exchange companies to ensure the implementation of the Biometric Verification System (BVS). A circular issued by SBP states, “All…

FINANCE
Naya Pakistan Certificates | How to Invest in Naya Pakistan Certificates?

Naya Pakistan Certificates | How to Invest in Naya Pakistan Certificates?

About Naya Pakistan Certificates Naya Pakistan Certificates (NPCs) are USD, PKR, Euro and British Pound-denominated sovereign instruments issued by the Government of Pakistan. NPCs offer attractive risk-adjusted returns over different maturities. They are available in both conventional…

FINANCE
State Bank Confirms no financial loss due to cyber attack on NBP Bank

State Bank Confirms no financial loss due to cyber attack on NBP Bank

The National Bank of Pakistan (NBP) reported a cyber-attack that is being investigated, confirmed the State Bank of Pakistan (SBP) on Saturday, adding that the situation is being monitored closely. “NBP has reported a cyber…

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