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Exchange companies remove ‘dollar cap’ to abolish grey market

KARACHI: The Exchange Companies Association of Pakistan (ECAP) has decided to remove the cap on the US dollar in a bid to end ‘artificial’...

SBP shuts four branches of two exchange companies

The State Bank of Pakistan (SBP) shut down four branches of two different foreign exchange companies on Wednesday, ARY News reported. According to details, the...

SBP announces strict measures for foreign currency outflow

KARACHI: In order to enhance transparency in the foreign currency transactions by exchange companies and to curb undesirable outflow of cash foreign currency, the...

SBP eases SRL requirement for exchange companies

The enhanced liquidity will enable exchange companies to further channelise home remittances and foreign exchange

SBP directs banks, exchange companies to accept all dollar notes

KARACHI: State Bank of Pakistan (SBP) has instructed money exchange companies and banks to accept all kinds of dollar notes, citing sources ARY News...

Imran Khan-led sit-in was to prevent Asim Munir’s appointment as COAS: Vawda

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