Share market open from 10 am to 12.30 pm
Staff Correspondent
13th April, 2021 09:35:50
Backtracking on its previous decision, Bangladesh Bank (BB) on Tuesday said banks will remain open from 10.00 am to 1.00 pm during the lockdown.
A BB instruction signed by General Manager of Department of Off-site Supervision Md. Anuwarul Islam, said banks will serve clients from 10.00 am to 1.00 pm. Banks can remain open till 2.30 pm to complete post-transaction activities.
The central bank has cancelled its earlier decision of keeping banks closed as the cabinet division on Tuesday asked BB to take measures for ensuring banking services during the countrywide lockdown starting on Wednesday.
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Forex firms allowed forward sale transaction with banks
Business
February 26, 2021
KARACHI: The State Bank of Pakistan (SBP) has allowed foreign exchange companies to enter into forward sale transaction with banks up to 5 working days against export proceeds in US dollars to help them manage rate risks.
âAuthorised dealers may purchase forward the export proceeds in US dollars received from abroad against export of permissible foreign currencies by exchange companies, subject to adherence of following terms and conditions,â the SBP said in a statement.
âForward purchase facility may be provided up to maximum five working days (including both transaction and settlement days).â
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