Published in The Banker Pakistan, December 2th, 2015.
KARACHI: The State Bank of Pakistan has advised banks to clear the transactions of export proceeds within three days, while exporters were allowed to sell their proceeds within this period. “It is permissible for exporters to retain the proceeds including ‘advance payments’ in foreign currency with an authorised dealer for three working days and to […]
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.66% on a weekly basis on January 22, according to data released by the central bank on Thursday. SBP’s liquid foreign exchange reserves decreased $105 million to $15,647 million as opposed to $15,752 million in the previous week. During the week, the central […]