Rs500 old currency notes to become obsolete after 30th
SLAMABAD: The State Bank of Pakistan (SBP) has again asked the public to exchange old currency notes of Rs500 with the new one because the former will become obsolete after September 30. The SBP also reminded all More...
Pakistan textile traders end strike
Commodity traders in Pakistan were slightly relieved Monday after All Pakistan Textile Mills Association called off spinning industry’s strike to protest against 15% regulatory duty on the export of yarn. Strike More...
Pakistan Recieves $5.7 Billion in Remittances
Noting a 17 percent increase in remittances, State Bank of Pakistan Wednesday said that Non-Resident Pakistanis have send home nearly $5.7 billion between July 2009 to February 2010. During the same period in previous More...
Pakistan Stops Financing Crude Oil Imports
As of yesterday State Bank of Pakistan will not sell foreign exchange to banks for financing the crude oil imports. SBP had given banks a full working week to get prepared for securing funding from the international More...
Pakistan To Swap Currency With China
[poll id="55"] The sources in the Pakistan Ministry of Finance told Dawn that they are considering entering into currency swap agreements with China and Malaysia for containing the declining foreign exchange reserves. More...
