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Exchange firms can export currencies except USD on consignment basis: SBP


Daily Times
May 25, 2021
The State Bank of Pakistan (SBP) on Monday allowed exchange companies to export foreign currencies other than US dollar (USD) on consignment basis.
The SBP said that under Exchange Companies Manual, the exchange companies are allowed to export permissible foreign currencies other than US dollar.
“In order to further streamline the business of Exchange Companies keeping in view the emerging AML/CFT standards, it has been decided that exchange companies may export foreign currencies other than US dollar on consignment basis only through cargo/security companies registered in Pakistan,” the SBP said.
Further, the earlier mechanism for individual based export/import of foreign currencies by Exchange Companies stands discontinued, it added.. ....

United States , Exchange Companies , Exchange Companies Manual , State Bank , United States Dollar , ஒன்றுபட்டது மாநிலங்களில் , பரிமாற்றம் நிறுவனங்கள் , பரிமாற்றம் நிறுவனங்கள் கையேடு , நிலை வங்கி , ஒன்றுபட்டது மாநிலங்களில் டாலர் ,

SLR requirement for exchange firms reduced


SLR requirement for exchange firms reduced
Business
May 21, 2021
KARACHI: The State Bank of Pakistan (SBP) has revised the Statutory Liquidity Reserve (SLR) requirement of exchange companies from 25 percent to 15 percent of their capital, a statement said on Thursday.
The enhanced liquidity with exchange companies would enable them to further channelise home remittances and foreign exchange.
During the year ended June 2020, the exchange firms, through their tie up arrangements abroad, have channelised home remittances of $1.44 billion, while this figure stands at $1.67 billion for July-April of the current fiscal year.
The related instructions contained in the Exchange Companies Manual stand replaced, as under: ....

Exchange Companies Manual , State Bank , Statutory Liquidity Reserve , பரிமாற்றம் நிறுவனங்கள் கையேடு , நிலை வங்கி , சட்டரீதியான நீர்மை நிறை இருப்பு ,

SLR requirement for exchange firms reduced

SLR requirement for exchange firms reduced
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

Exchange Companies Manual , State Bank , Statutory Liquidity Reserve , பரிமாற்றம் நிறுவனங்கள் கையேடு , நிலை வங்கி , சட்டரீதியான நீர்மை நிறை இருப்பு ,