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Burgan Bank today announced Huwaida Refaat Abdullah as the winner of the Value Account KD 4000 draw. The winner expressed her excitement of winning the

KARACHI: Pakistan is making substantial progress in developing its financial sector on the back of regulatory improvements and other reforms, according to the Economic Survey 2020/21 released on...

Pakistan is making substantial progress in developing its financial sector, as revealed by the Economic Survey 2020-21. This sector is being developed on

SBP modernises forex rules Nearly 87% of foreign loans were for budget financing and building foreign exchange reserves, which meant that these had not been utilised for creating assets. PHOTO: FILE KARACHI: In a bid to facilitate startups, fintechs and exports, the State Bank of Pakistan (SBP) has notified revisions in Chapter 20 of the Foreign Exchange Manual. “The new policy for equity investment abroad will attract foreign direct investment through the establishment of holding companies by Pakistani fintechs and startups, support exports by facilitating exporters to establish subsidiar...

State Bank of Pakistan modernizes foreign exchange regulations to facilitate start-ups, fintechs and exports Karachi, February 10, 2021 (PPI-OT): State Bank of Pakistan (SBP) has notified revisions in chapter 20 of the Foreign Exchange Manual to facilitate Start-ups, Fintechs and Exports. The new policy for equity investment abroad will attract foreign direct investment through the establishment of holding companies by Pakistani fintechs and startups; support exports by facilitating exporters to establish subsidiaries or branch offices outside Pakistan; and, allow resident Pakistanis to acqui...