In the open market, the US dollar remained unchanged and traded at Rs178.50 on Monday. The value of the Pakistani rupee ended the year 2021 on a positive note as it recorded an appreciation of 0.57% on the last trading session in the interbank market. The local currency recorded the highest single-day recovery in 32 sessions on December 31 and closed at Rs176.51. In December, the Pakistani currency remained extremely volatile and the value of the greenback surged by Rs2.98, breaking all records. Related: Which currency gained the most against Rupee in 2021? Here are the open market rates of major currencies on January 3, 2022 Currency Buying Selling USD&nb.
SBP asks banks to expedite processing of Mera Ghar housing scheme applications News Desk
The State Bank of Pakistan, Friday, directed all banks and financial institutes to rationalize processing fee and devise a comprehensive mechanism equipped with online E-tracking system to expedite processing of applications received under PM’s “Mera Pakistan Mera Ghar” housing finance scheme.
“Devise a system to monitor 30 days Turn Around Time (TAT) for decision on applications received,’’ the central bank further directed while taking notice of a number of complaints especially regarding delayed processing, long turnaround time and no mechanism to track the financing application after submission.