“This initiative is part of a ‘Go-Green’ exercise to reduce litter and lower the cost of printed proceeds which are usually discarded immediately. In addition, sensitive customer information is left for others to peruse,” stated 1Link.
“Under the revised policy exporters may invest up to 10% of average annual exports of last 3 years or $100,000, whichever is higher, to establish subsidiaries/branch offices abroad,” it added.
The State Bank of Pakistan (SBP) has notified revisions in chapter 20 of the Foreign Exchange Manual to modernize foreign exchange regulations for facilitating startups, fintechs and exports in Pakistan.
TERF has shown significant growth over the last ten months as reflected by increase in requested amount from Rs 36.1 billion by end April 2020 to Rs 687.4 billion by Jan 28, 2021.
The KCCI President asked the Ministry of Finance and SBP to issue directives for immediate release of payments to the masses so that their lives were not disturbed.