SBP Introduces Revised Regulatory Framework for Exchange Companies

SBP Introduces Revised Regulatory Framework for Exchange Companies

By FN Pakistan Staff December 28, 2024 0

KARACHI: The State Bank of Pakistan (SBP) has introduced a revised and consolidated Regulatory Framework for Exchange Companies (RFEC) aimed at enhancing governance, internal controls, and compliance within the sector. The updated RFEC consolidates and modernizes existing regulatory instructions, replacing the earlier Exchange Companies Manual. The SBP’s comprehensive review and revision are geared towards streamlining […]

SBP Extends Permission for Exchange Companies to Import US Dollars

SBP Extends Permission for Exchange Companies to Import US Dollars Until June 2025

By FN Pakistan Staff September 23, 2024 0

In a significant move aimed at stabilizing the open market, the State Bank of Pakistan (SBP) has extended the permission granted to exchange companies to import US dollars until June 30, 2025. This extension follows the earlier directive that was set to expire in June 2024. The central bank referred to its prior instructions outlined […]