SBP asks banks to provide details of import worth $500,000

MG News | September 24, 2021 at 11:59 AM GMT+05:00

0:00

September 24, 2021(MLN): The rising demand for the US dollar in the interbank market has forced the State Bank of Pakistan (SBP) to make another move.

In order to curb the free movement of the dollar, SBP has asked commercial banks to provide information about imports worth $500,000.

Moreover, the banks have also been asked to submit details about imports arriving in 5 days.

Prior to the revision, the banks had to submit information up to $1 million worth of imports along with import details of two days.

Copyright Mettis Link News

Related News

Pakistan's digital payments hit 3bn transactions in Q2 FY26

SBP reserves have increased for the 32nd consecutive week

PKR holds firm, closes flat against USD

Name	Price/Vol	%Chg/NChg
KSE100	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	69,975.00	71,480.00 69,440.00	-385.00 -0.55%
BRENT CRUDE	110.95	111.24 105.05	2.30 2.12%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.80 -10.61%
ROTTERDAM COAL MONTHLY	123.30	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	98.11	98.51 92.47	2.56 2.68%
SUGAR #11 WORLD	15.63	15.72 15.27	0.26 1.69%