The State Bank of Pakistan (SBP) has suspended the authorization of five Exchange Companies of B-category with immediate effect until further notice. The suspended private exchange companies are as follows: …
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InternationalLatest UpdatesNational
SBP allows forex companies to Import US Dollars
by Hamza Irshadby Hamza IrshadISLAMABAD: The State Bank of Pakistan (SBP) announced a new provision allowing Exchange Companies to import cash US Dollars against the value of their export consignments of permissible foreign currencies …
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EconomyLatest Updates
State Bank suspends 4 branches of 2 foreign exchange Cos, terminates 13 franchises to curb culture of dollarization
by Umar Sohailby Umar SohailSBP has also started conducting mystery shopping exercise throughout Pakistan to investigate the apprehensions that some ECs are not selling foreign currency to their customers.
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Economy
withholding tax on exchange Cos to boost value of dollar to Rs200+, create forex crisis in pakistan: Bostan
Currency dealers said the imposition of WHT would promote the black market and further encourage smuggling of the foreign currency from Pakistan, leading to more pressure on exchange-rate and Pakistan …
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Economy
withholding tax on exchange Cos to boost value of dollar to Rs200+, create forex crisis in pakistan: Bostan
Currency dealers said the imposition of WHT would promote the black market and further encourage smuggling of the foreign currency from Pakistan, leading to more pressure on exchange-rate and Pakistan …