BML 5.00 Increased By ▲ 0.03 (0.6%)
BOP 13.35 Increased By ▲ 0.26 (1.99%)
CNERGY 7.07 Decreased By ▼ -0.11 (-1.53%)
CPHL 85.92 Decreased By ▼ -0.79 (-0.91%)
DCL 14.15 Decreased By ▼ -0.23 (-1.6%)
DGKC 169.00 Decreased By ▼ -1.56 (-0.91%)
FCCL 46.10 Decreased By ▼ -0.60 (-1.28%)
FFL 15.83 Decreased By ▼ -0.15 (-0.94%)
GCIL 26.51 Decreased By ▼ -0.13 (-0.49%)
HUBC 147.15 Decreased By ▼ -0.72 (-0.49%)
KEL 5.39 Increased By ▲ 0.06 (1.13%)
KOSM 6.46 Decreased By ▼ -0.04 (-0.62%)
LOTCHEM 20.61 Increased By ▲ 0.08 (0.39%)
MLCF 84.52 Decreased By ▼ -0.31 (-0.37%)
NBP 128.00 Increased By ▲ 1.65 (1.31%)
PAEL 42.11 Decreased By ▼ -1.14 (-2.64%)
PIAHCLA 22.06 Decreased By ▼ -0.56 (-2.48%)
PIBTL 8.85 Decreased By ▼ -0.12 (-1.34%)
POWER 13.97 Decreased By ▼ -0.05 (-0.36%)
PPL 167.00 Decreased By ▼ -1.76 (-1.04%)
PREMA 42.59 Decreased By ▼ -0.01 (-0.02%)
PRL 32.89 Decreased By ▼ -0.29 (-0.87%)
PTC 24.00 Decreased By ▼ -0.02 (-0.08%)
SNGP 118.00 Decreased By ▼ -0.56 (-0.47%)
SSGC 45.40 Decreased By ▼ -0.78 (-1.69%)
TELE 8.18 Decreased By ▼ -0.08 (-0.97%)
TPLP 10.25 Decreased By ▼ -0.13 (-1.25%)
TREET 23.25 Decreased By ▼ -0.67 (-2.8%)
TRG 57.60 Decreased By ▼ -0.47 (-0.81%)
WTL 1.54 Decreased By ▼ -0.01 (-0.65%)
BR100 13,909 Increased By 54.2 (0.39%)
BR30 39,944 Decreased By -244.3 (-0.61%)
KSE100 137,065 Increased By 562.6 (0.41%)
KSE30 41,740 Increased By 187.5 (0.45%)

KARACHI: The State Bank of Pakistan (SBP) on Wednesday said that there is no ban on transit trade transactions through any country.

“In order to promote regional trade, it is clarified that there is no prohibition by the State Bank of Pakistan on transit trade transactions through any country including under the Transports Internationaux Routiers (TIR) Convention; provided no sanctioned item, person or entity is involved,” the SBP said in a circular issued to Presidents and Chief Executives of all Authorized Dealers in Foreign Exchange.

Similarly, through another circular, the State Bank has revised formats for consolidating the orders for Conventional Naya Pakistan Certificates (NPCs) & Islamic Naya Pakistan Certificates (INPCs)

$2,000 and above: Exchange Companies must conduct sale transactions through banking channels: SBP

According to SBP, the agent banks are hereby informed that the formats for consolidating the orders for NPCs and INPCs received from Foreign Currency Value Account (FCVA) or Non-Resident Rupee Value Account (NRVA) holders are revised.

The revisions will be in force with immediate effect. Remaining SOPs as per the aforesaid circulars will remain unchanged.

Copyright Business Recorder, 2022

Comments

Comments are closed.

Muhammad Ashraf Sep 29, 2022 11:24am
Now, import from India has been easy for a desired item.
thumb_up Recommended (0)