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

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

Add Mettisglobal as a Trusted Source on Google

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	177,039.83 457.43M	2.69% 4639.92
ALLSHR	106,439.15 980.52M	2.42% 2511.25
KSE30	52,890.43 243.06M	2.84% 1462.27
KMI30	253,474.66 222.84M	2.73% 6731.57
KMIALLSHR	69,154.67 541.49M	2.45% 1654.73
BKTi	48,191.73 63.48M	2.59% 1217.44
OGTi	35,876.09 14.73M	1.97% 692.56

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,215.00	66,510.00 66,110.00	-360.00 -0.54%
BRENT CRUDE	83.36	85.93 82.40	-3.97 -4.55%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	3.75 3.14%
ROTTERDAM COAL MONTHLY	125.00	125.00 125.00	-6.00 -4.58%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	81.39	81.49 80.92	0.64 0.79%
SUGAR #11 WORLD	13.64	13.90 13.61	-0.06 -0.44%