Exchange companies: SBP extends cash USD import facility till June 30th KARACHI: The State Bank of Pakistan (SBP) on Friday has extended import facility of cash US dollar by the Exchange... Updated 30 Mar, 2024 08:49am
Business & Finance Forex dealers, ECs, others: e-integration with FBR made mandatory ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for foreign exchange dealers/exchange companies,... Updated 23 Mar, 2024 02:52pm
Business & Finance Authorisation of 3 exchange firms suspended KARACHI: The State Bank of Pakistan (SBP) has suspends the authorisation of three Exchange Companies on Tuesday.... Published 14 Feb, 2024 02:34am
Markets Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on... Published 31 Jan, 2024 06:06am
Opinion The slowdown in real economy Over the past month, it seems that the feel-good factor has returned. The stock market is in a bullish run and the... Updated 13 Nov, 2023 12:16pm
Editorials First staff review negotiations with IMF EDITORIAL: The International Monetary Fund team (IMF) is currently in Pakistan for the first scheduled Stand-By... Published 08 Nov, 2023 05:42am
Business & Finance Exchange companies: SBP gives NOC to Habib Metropolitan Bank The State Bank of Pakistan (SBP) has issued a no-objection certificate (NOC) to Habib Metropolitan Bank Limited, a... Updated 30 Oct, 2023 05:11pm
Markets Bank of Punjab considers wholly-owned Exchange Company The Bank of Punjab announced on Monday that its board was proposed the establishment of a wholly-owned Exchange... Published 30 Oct, 2023 11:46am
Business & Finance Exchange companies: SBP gives NOCs to Allied Bank, MCB Bank KARACHI: The State Bank of Pakistan (SBP) has issued the no-objection certificate (NOC) to Allied Bank Limited for... Published 28 Oct, 2023 05:58am
Business & Finance Askari Bank latest to establish wholly-owned Exchange Company Askari Bank Limited, a subsidiary of Fauji Foundation, announced on Friday it will establish an Exchange Company... Updated 27 Oct, 2023 10:57pm
Markets Goldman’s analysts say Pak rupee rally to be ‘short lived’: report Analysts at Goldman Sachs Group Inc, a global investment bank and financial services company, have warned that gains... Updated 26 Oct, 2023 10:44pm
Markets ‘B’ Category: Authorisation of 5 forex cos suspended KARACHI: The State Bank of Pakistan (SBP) on Wednesday suspended the authorization of five Exchange Companies of ‘B’... Updated 12 Oct, 2023 09:58am
Markets Habib Metropolitan Bank says it will establish wholly-owned EC The Board of Directors of Habib Metropolitan Bank (HMB), a subsidiary of Habib Bank AG Zurich – Switzerland,... Published 10 Oct, 2023 05:44pm
Opinion Real reforms in sight? The initial signs of real reforms are in sight. This includes crackdown on smuggling of goods and currencies through... Updated 09 Oct, 2023 09:35am
Business & Finance IMF programme: Govt will deliver to secure $700m under SBA: Shamshad ISLAMABAD: The caretaker government will deliver on the International Monetary Fund (IMF) programme to secure $700... Updated 03 Oct, 2023 06:23am
Business & Finance SBP suspends authorisation of two exchange companies KARACHI: The State Bank of Pakistan (SBP) has suspended, with immediate effect, the authorization of an Exchange... Published 26 Sep, 2023 06:33am
Markets Bank AL Habib says will establish wholly-owned Exchange Company Becomes fourth bank in recent weeks to make this announcement Updated 22 Sep, 2023 10:40pm
Print ECs have no role in volatile exchange rate: Bostan KARACHI: Malik Muhammad Bostan, Chairman of Exchange Companies Association of Pakistan (ECAP), Tuesday said Exchange... Updated 20 Sep, 2023 10:43am
Business & Finance Meezan Bank says it will establish wholly-owned Exchange Company The Board of Directors (BoD) of Meezan Bank Limited, the largest Islamic bank in the country, announced that it will... Updated 15 Sep, 2023 07:12pm
Print ECs all praise for army chief KARACHI: There are reports that exchange companies (ECs) have surrendered $ 20 million to the interbank market... Updated 08 Sep, 2023 09:34am
Print Exchange companies sector: MCR enhanced to Rs500m as SBP introduces major reforms KARACHI: The State Bank of Pakistan (SBP), introducing the structural reforms for the Exchange Companies, on... Updated 07 Sep, 2023 09:17am
Markets SBP wants banks engaged in forex business to establish wholly-owned Exchange Companies Amid rupee's freefall in open market, SBP moves to introduce structural reforms in sector Updated 06 Sep, 2023 11:41pm
Print Six incentive schemes of SBP: ECC approves proposal of changes in contours ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the State Bank of Pakistan (SBP)’s... Updated 08 Aug, 2023 08:43am
Print Purchase of USD for card payments facility extended by 5 months KARACHI: The State Bank of Pakistan (SBP) has decided to extend settlement of card-based cross-border transactions... Updated 01 Aug, 2023 09:39am
Business & Finance Interbank, open market: Import of cash USD to help narrow rate differences: expert KARACHI: The permission of import of cash US dollars by Exchange Companies (ECs) will increase the dollar inflows... Updated 27 Jul, 2023 09:23am
Markets Rupee ends 8-session losing streak, settles at 287.04 against US dollar Currency appreciates 0.52% in inter-bank market Updated 26 Jul, 2023 09:27pm
Print Vegetable ghee/cooking oil: ECC allows export from EPZs, MBs, EOUs to Afghanistan ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has reportedly allowed export of vegetable... Updated 26 Jul, 2023 01:18pm
Print ECs can import dollars in cash through cargo or security companies KARACHI: The State Bank of Pakistan (SBP) Tuesday night allowed the Exchange Companies import of cash US dollars... Updated 26 Jul, 2023 04:21pm
Pakistan ECs asked to ensure monitoring thru CCTV recordings 24/7 KARACHI: The State Bank of Pakistan (SBP) has advised the exchange companies to ensure continuous 24/7 recording at... Published 26 May, 2023 06:48am
Business & Finance SBP revokes licences of 2 errant ECs KARACHI: The State Bank of Pakistan (SBP) Thursday revoked the licenses of two exchange companies for non-compliance... Published 31 Mar, 2023 06:45am
