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.

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Name	Price/Vol	%Chg/NChg
KSE100	171,404.49 326.40M	-0.32% -556.16
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KSE30	52,413.79 113.03M	-0.27% -143.72
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Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,150.00	89,510.00 85,135.00	3330.00 3.93%
BRENT CRUDE	60.04	60.37 59.40	0.22 0.37%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.25 2.54%
ROTTERDAM COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.24	56.56 55.61	0.24 0.43%
SUGAR #11 WORLD	14.78	14.80 14.45	0.30 2.07%