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FINANCE
State Bank of Pakistan Issues Advisory Against Illegal Foreign Exchange Trading Websites, Apps

State Bank of Pakistan Issues Advisory Against Illegal Foreign Exchange Trading Websites, 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 these platforms. SBP, in a statement, said that…

FINANCE
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…

FINANCE
What is Raast? How will it help to Citizens of Pakistan?

What is Raast? How will it help to Citizens of Pakistan?

Raast – Pakistan’s First Instant Digital Payment System Raast is Pakistan’s No. 1 instant digital payment system. It enables end-to-end digital payments between individuals and businesses all over the Pakistan. The Raast payment system was…

FINANCE
Senate Finally Passes Controversial State Bank Amendment Bill

Senate Finally Passes Controversial State Bank Amendment Bill

The Senate has officially passed the State Bank of Pakistan Amendment Bill in a session in Islamabad today. The session was presided over by Senate Chairman Sadiq Sanjrani and the bill was presented by the…

FINANCE
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…

Businesses
New definition of ‘exported goods’ as per SRO issued by FBR

New definition of ‘exported goods’ as per SRO issued by FBR

The Federal Board of Revenue (FBR) has changed the definition of the exported goods for claiming duty drawback covering supplies against international tenders or supply to industrial units, projects, institutions, agencies, and organisations. The FBR…

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…

BUDGET
What is new in Govt announced supplementary finance bill 2021?

What is new in Govt announced supplementary finance bill 2021?

Federal Minister for Finance Shaukat Tarin on Thursday presented the much-awaited supplementary finance bill 2021 — termed by the Opposition as a “mini-budget” — in the National Assembly, as a pre-requisite to resume the $6…

BUDGET
Federal Cabinet second time defers highly inflationary mini budget

Federal Cabinet second time defers highly inflationary mini budget

The federal cabinet on Tuesday approved the State Bank of Pakistan (SBP) amendment bill to give absolute autonomy to the central bank in a bid to qualify for the $1 billion loan, but on the…