State Bank of Pakistan extends US dollar import deadline for exchange companies to June 30, 2025.

The State Bank of Pakistan has extended until June 30, 2025, the deadline for exchange companies to import cash US dollars, allowing them to bring in up to 50% of the value of their foreign currency exports. This move aims to stabilize the US dollar supply in the open market, where the rupee recently appreciated slightly. The decision follows previous extensions and is intended to alleviate liquidity issues amid slowed remittance inflows and IMF loan uncertainties.

September 24, 2024
3 Articles