Tag: SBP

State Bank Issued PKR75 note On 75th Independence
Business

State Bank Issued PKR75 note On 75th Independence

The State Bank of Pakistan plans to issue a new notice of Rs. 75 note. This notice is about to take action to make the Platinum Jubilee celebrations of Pakistan’s Independence this year. The Nation will celebrate Pakistan’s seventy-fifth Independence Day on 14 August 2022. 75 Rupees note can be a remarkable note and could now no longer be in use completely as objected to rumors circulating around. The State Bank of Pakistan has yet not posted any declaration on whether or not it'd issue a new note of Rs. 75.Pakistan is prepare to issue a brand new 75 Rupees note as a part of celebrations to maintain the country’s Platinum Jubilee. The new note has already been made legal with the aid of the State Bank of Pakistan and could quickly be in the stream. New note is expected to feature p...
Pakistan and China are in talks to trade in Chinese currency
Business

Pakistan and China are in talks to trade in Chinese currency

China proposed to Pakistan to create RMB capital circulation system. It will help to increase trade and business in Chinese currency. Talks between SBP and Chinese authorities are ongoing. ISLAMABAD, PAKISTAN: China proposed a pilot plan to follow the RMB capital circulation system in Pakistan. The renminbi (RMB) capital circulation system will help both countries to conduct business and trade in Chinese currency. The involvement of third-party currency will be completely cancel from all transactions. It will help to control trade deficit and economic crises in the country. The government has urged the finance ministry and the central bank to look into the Chinese authorities’ requests and take action. Significant progress is expected to be made soon, and formal talks between the...