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State Bank of Pakistan introduces a transparent mechanism with complete delegation to banks for remitting disinvestment proceeds to facilitate foreign direct investment

Karachi, October 27, 2020 (PPI-OT):The State Bank of Pakistan (SBP) has introduced a new mechanism to enable companies in Pakistan to conveniently remit out disinvestment proceeds to their foreign shareholders. The goal of this initiative is to make Pakistan a...
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Governor SBP inaugurates Polyculture Forest and Museum Laboratory

Karachi, October 21, 2020 (PPI-OT):Governor SBP Dr. Reza Baqir inaugurated the Polyculture Forest at Pakistan Security Printing Corporation (PSPC) Karachi. He was briefed about the project in detail by the management. The Polyculture Forest is inspired by the ...
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Deposit Protection Corporation launches its website

Karachi, October 21, 2020 (PPI-OT):Deposit Protection Corporation (DPC) is pleased to announce the formal launch of its website, accessible at http://www.dpc.org.pk. Through this website DPC has embarked upon a more depositor-centric and responsive public awar...
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Governor SBP launches of Digitization of FX Regulatory Approvals

Karachi, October 16, 2020 (PPI-OT):Dr. Reza Baqir launched the SBP FX Regulatory Approval System (RAS) for end-to-end digitalization of Foreign Exchange (FX) related case submission process today in a ceremony held in Karachi. At the invitation of Governor Baq...
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Sufficient wheat stock available to tackle with domestic requirements: Ministry

Islamabad, October 16, 2020 (PPI-OT):Ministry of National Food Security and Research, while rejecting the claims of wheat shortage in the country as fallacious, has clarified that sufficient wheat stocks are available to tackle with domestic requirements. In a...
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Finance Division Rebuts Report on Depleting Foreign Exchange Reserves and the Bond Programme

Islamabad, October 15, 2020 (PPI-OT):A news report published in a section of press claiming that Pakistan’s foreign exchange reserves are depleting and that it would not be possible to float bonds unless the stalled IMF programme is revived, is completely...
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ECC approves $142 million for meeting financial requirements of hotel Roosevelt

Islamabad, September 02, 2020 (PPI-OT): The Economic Coordination Committee has approved 142 million dollars for meeting the financial requirements of hotel Roosevelt. The committee, which met in Islamabad on Wednesday with Prime Minister’s Advisor on Fi...
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NAB Executive Board accords approval of filing two new references 

Islamabad, February 26, 2020 (PPI-OT):The Executive Board Meeting (EBM) of National Accountability Bureau (NAB) was chaired by Honourable Mr. Justice Javed Iqbal, Chairman NAB at NAB Headquarters. The EBM was attended by Deputy Chairman NAB, Prosecutor General...
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Collection of application forms and dues from intending pilgrims of hajj 2020

Karachi, February 24, 2020 (PPI-OT):In order to facilitate the intending pilgrims to deposit application forms along with dues for Hajj 2020, State Bank of Pakistan has directed 13 authorized banks to keep all their designated branches open from 10:00 a.m....
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