No ‘E’ Form for Exporters with a Consignment of $5,000
SBP recently relaxed small-sized eCommerce businesses by skipping the submission of ‘E’ form when they export goods valued up to $5,000.
State Bank of Pakistan (SBP)
Foreign exchange reserves of Pakistan reached $13.4 billion
According to SBP, the foreign exchange reserves reached $13.4 billion during this week. This is after an increment of $484 million.
Roshan Digital Accounts Introduced in Dubai by Bank Alfalah
Chairman of Bank Alfalah introduced the Roshan Digital Accounts on behalf of the Govt. of Pakistan and SBP for non-resident Pakistanis in Dubai.
SBP has approved RS. 238.2 billion for some 2,958 businesses
So far, SBP has approved RS. 238.2 billion for some 2,958 businesses as they were badly impacted due to COVID-19.
SBP to ease the lending process to offer affordable housing loan for the citizens
SBP to ease the lending process to offer affordable housing loan for the citizens – this would improve the economy and living standard.
Reforms Needed for Forced Repatriates, Says SBP
Reforms Needed for Forced Repatriates, Says SBP – During April-June, PIA had recorded 90,308 Pakistanis returning from abroad.
Pakistan’s Debt is Rs. 2.42 Trillion Higher Than Last Year’s
Pakistan’s Debt is Rs. 2.42 Trillion Higher Than Last Year’s – the country has a debt of Rs. 22.99 which was Rs. 20.57 during the same period in 2019.
Pakistan witnessed a surplus rising to $382 million for the 4th consecutive month
Pakistan witnessed a surplus rising to $382 million for the 4th consecutive month – the total current account surplus has reached $1.2 billion.
Reza Baqir Addressed OICCI and Applauded Policies to Stabilize Pakistan’s Economy
Reza Baqir Addressed OICCI and Applauded Policies to Stabilize Pakistan’s Economy. SBP also Highlighted a Net Profit of Rs. 12.273 trillion for FY20.
SBP Shared a Satisfactory Report of the Banking Sector
Despite the novel coronavirus took at least half of the year, the State Bank of Pakistan is still satisfied with country’s banking sector.