SIFC-backed strategy to curb grey market announced by govt

MG News | August 30, 2024 at 12:02 PM GMT+05:00

0:00

August 30, 2024 (MLN): The federal government has worked out a new strategy to control the grey market with the support of the Special Investment Facilitation Council (SIFC), the Information Ministry reported.

The State Bank of Pakistan and the Federal Board of Revenue have been directed to conduct a campaign against informal channels.

Furthermore, the government has directed the Finance Secretary to restore the cash-over-counter facility at National Bank branches and border booths.

Copyright Mettis Link News

Related News

PKR gains 10 paisa per USD

NBP issues foreign exchange rates

PKR weakens by 10 paisa against USD

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%