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Governor SBP launches of Digitization of FX Regulatory Approvals

Karachi, October 16, 2020 (PPI-OT):Dr. Reza Baqir launched the SBP FX Regulatory Approval System (RAS) for end-to-end digitalization of Foreign Exchange (FX) related case submission process today in a ceremony held in Karachi. At the invitation of Gove...

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Frequently Asked Questions in respect of Foreign Currency Accounts Rules

Karachi, October 11, 2020 (PPI-OT): Question 1. Why there was a need to issue SRO by Ministry of Finance, if there is no change in existing foreign exchange regulations? Ans. Protection of Economic Reforms Act 1992 (PERA) was amended in 2018. The amend...

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Clarification on Foreign Currency Accounts Rules 2020

Karachi, October 11, 2020 (PPI-OT): On 6th October 2020, the Federal Government issued Foreign Currency Accounts Rules, 2020 under the provisions of Protection of Economic Reforms Act, 1992. There has been no change in the general or special permission...

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Pakistan’s Liquid Foreign Reserves Position

Karachi, October 08, 2020 (PPI-OT): State Bank of Pakistan here Thursday said the total liquid foreign reserves held by the country stood at US$19,351.0 million on 02-October-2020. The break-up of the foreign reserves position is as under: i) Foreign r...

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State Bank of Pakistan introduces incentive and penalty mechanism for banks to promote housing and construction financing

Karachi, October 07, 2020 (PPI-OT): Building upon its earlier measure of setting mandatory target for banks to extend mortgage loans and financing for developers and builders, State Bank of Pakistan (SBP) has introduced a mechanism to incentivize meeti...

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