SBP will credit Duty Drawback into exporters’ bank accounts from Sept 1

News Image

MG News | August 09, 2020 at 02:08 PM GMT+05:00

0:00

August 09, 2020 (MLN): State Bank of Pakistan will be crediting the Duty Drawbacks directly into the bank accounts of the exporters from September 1, 2020, Abdul Razak Dawood announced on his social media account on Saturday.

Advisor to PM for Commerce and Investment said, ‘Exporters have always been wanting that their refunds go directly into their accounts from the SBP.’

In a series of tweets, he thanked SBP and Pakistan Customs for establishing the direct transfer of Duty Drawback, without any human involvement on the initiative of the Ministry of Commerce.

This is considered another trade facilitation initiative by Pakistan Custom.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,436.79
218.39M
1.51%
2056.82
ALLSHR 85,636.85
553.92M
1.17%
988.49
KSE30 42,252.70
73.85M
1.70%
706.47
KMI30 195,066.93
76.15M
1.75%
3347.17
KMIALLSHR 56,450.30
321.86M
1.12%
622.56
BKTi 38,352.52
11.24M
1.39%
524.91
OGTi 27,843.25
10.48M
0.62%
172.57
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,660.00 119,915.00
118,035.00
-970.00
-0.81%
BRENT CRUDE 68.70 69.01
68.31
0.18
0.26%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
0.95
0.99%
ROTTERDAM COAL MONTHLY 104.50 0.00
0.00
-0.65
-0.62%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.67 66.99
66.29
0.29
0.44%
SUGAR #11 WORLD 16.80 16.82
16.54
0.24
1.45%

Chart of the Day


Latest News
July 17, 2025 at 01:47 PM GMT+05:00

OMO Result: SBP injects over Rs902bn


July 17, 2025 at 01:03 PM GMT+05:00

Global value chains drove growth in developing nations


July 17, 2025 at 12:46 PM GMT+05:00

Donald Trump to land in Pakistan on September 18


July 17, 2025 at 11:50 AM GMT+05:00

PSX Mid-Day: Bulls Take the Wheel



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg