WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
No Result
View All Result
Home Business

SBP allows dollar buying with e-Sahulat verification

by News Desk
in Business, Finance, Main
Reading Time: 1 min read
Banks Housing Exposure Increased by 10% : SBP
Share on FacebookShare on Twitter

For facilitating genuine buyers, the State Bank of Pakistan (SBP) on Saturday temporarily allowed the exchange companies to sell over $500 to individuals on production of biometric certification from the National Database and Registration Authority’s e-Sahulat outlets.

The SBP had directed the exchange companies through a circular dated Oct 7 to conduct mandatory biometric verification from Oct 22 for all foreign currency sale transactions equivalent to $500 and above and outward remittances. However, the biometric verification requirement could not be implemented since the system to connect with Nadra was not available.

RelatedPosts

Pak Suzuki posts staggering losses of Rs6.3b

Pakistani rupee gains against US dollar

Pakistan, and Russia to hold final talks on import of crude oil from today

The central bank took this decision to stop dollar outflow particularly to Afghanistan following a sharp increase in demand which destabilised the exchange rate in the open market amid media reports that millions of dollars were being smuggled out to Kabul particularly after the change of regime.

“The State Bank of Pakistan has allowed us to sell dollars with biometric certification from Nadra’s e-Sahulat franchises up to Nov 5,” Exchange Companies Association of Pakistan (ECAP) Secretary General Zafar Paracha told Dawn.

Tags: e-Sahulate-Sahulat verificationSBP
News Desk

News Desk

Next Post
Dasu

Chinese company ready to resume work on Dasu Dam

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Legends League Cricket: Shahid Afridi-led Asia Lions lift LLC trophy
  • Auto financing dips for eighth consecutive month
  • Pak Suzuki posts staggering losses of Rs6.3b
  • Pakistani rupee gains against US dollar
  • PM Shehbaz formed committee to transfer DISCOs to province

Advertisement

Twitter

Economy.pk

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Categories

  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos

Privacy & Legal

  • Privacy Policy
  • Cookies

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • About
  • Advertise
  • Contact

© 2023 Economy.pk

No Result
View All Result
  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 Economy.pk