Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

SBP to resolve issues of LCs, pending consignments

SBP Governor inaugurates Japanese pottery exhibition 'Yakishime - Earth Metamorphosis'
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

November 11, 2022 (MLN): The State Bank of Pakistan (SBP) will resolve the issue faced by businesses and trade due to changed regulatory framework of Foreign Exchange, a press release issued on Friday showed.

During a meeting, SBP Governor Jameel Ahmed with Asim Ahmad Chairman FBR has discussed the stuck up consignments and opening of Letter of Credit (LCs) in context of SBP’s recent circulars to the banks. 

Furthermore, Chairman FBR informed the Governor about implementation of newly issued foreign currency limitation for passengers travelling abroad and assures full cooperation of FBR including exchange of information with SBP.

Both sides agreed on close coordination between SBP and FBR for effective implementation of policies along with improved regulatory environment for economic development.

Copyright Mettis Link News

Posted on: 2022-11-11T20:02:25+05:00