Top Story
February 20, 2021
ISLAMABAD: The State Bank of Pakistan (SBP) has provided a stimulus package of Rs2 trillion or 4.8 percent of GDP for extending support to businesses and household cash flows after the COVID-19 pandemic at a time when the IMF program was on hold.
It was the crux of one-hour-long discussions with the Governor State Bank of Pakistan Dr Reza Baqir who gave an interview to The News here at the SBP Office in Islamabad on Friday.
The governor SBP dwelt upon various issues, including converting current account deficit into surplus, placement of exchange rate mechanism on basis of market based mechanism, measures taken by the SBP to mitigate negative effects of COVID-19 pandemic and many other issues.
Top Story
February 20, 2021
ISLAMABAD: The State Bank of Pakistan (SBP) has provided a stimulus package of Rs2 trillion or 4.8 percent of GDP for extending support to businesses and household cash flows after the COVID-19 pandemic at a time when the IMF program was on hold.
It was the crux of one-hour-long discussions with the Governor State Bank of Pakistan Dr Reza Baqir who gave an interview to The News here at the SBP Office in Islamabad on Friday.
The governor SBP dwelt upon various issues, including converting current account deficit into surplus, placement of exchange rate mechanism on basis of market based mechanism, measures taken by the SBP to mitigate negative effects of COVID-19 pandemic and many other issues.
Real estate agents told to file Suspicious Transaction Reports
Top Story
February 16, 2021
ISLAMABAD: The bid to comply with the FATF requirements for binding real estate agents, property dealers, jewelers, brokers, housing authorities and developers for generating Suspicious Transaction Reports (STRs) has spread panic among millions of owners of these businesses across the country.
Now the Federal Board of Revenue (FBR) has sent out notices to over 22,000 registered property dealers across Pakistan, directing them to get registered on the website of the Designated Non-Financial Businesses and Professions (DNFBPs) in order to kick-start complying with the Financial Action Task Force (FATF) requirements.