NIBAF Pakistan Announces International Trade and TBML Compliance Training
NIBAF Pakistan will conduct a two-day Karachi training programme on international trade regulations, trade-based money laundering, foreign exchange rules, AML and regulatory compliance.
NIBAF Pakistan Conducts Forex Management Module For SBOTS-28 Officers
NIBAF Pakistan conducted a two day Forex Management module for SBOTS-28 officers, covering foreign exchange regulations, exposure monitoring, trade finance and policy mechanisms.
State Bank of Pakistan Cancels Operating License of Time Exchange Company
he State Bank of Pakistan has revoked the corporate authorization of Time Exchange Company Private Limited due to major regulatory compliance failures
State Bank of Pakistan Updates Foreign Exchange Rules to Ease Inherited Asset Transfers for Non Residents
The State Bank of Pakistan now recognizes NADRA succession certificates for remitting inherited assets abroad simplifying the process for non resident legal heirs.
SBP Introduces Updated Exporter Undertaking for Payments Through PSW System
The State Bank of Pakistan has issued new rules requiring exporters to submit an updated Undertaking/Declaration via the Pakistan Single Window system, ensuring accurate reporting, timely remittance, and compliance with foreign exchange regulations.
SBP and PSEB Introduce Specialized Banking Facilitation for IT Exporters in Pakistan
Pakistan Software Export Board and the State Bank of Pakistan have introduced enhanced banking facilitation for IT and ITeS exporters, including specialized branches and dedicated exporter desks to streamline foreign exchange and regulatory processes.
SBP Ends Export Development Surcharge Collection After Federal Exemption
The State Bank of Pakistan has halted the collection of the Export Development Surcharge after the government exempted all exported goods, offering relief to exporters and reducing transactional costs.