State Bank has issued an explanatory statement regarding the new currency notes. The State Bank of India said that the currency design art competition for thematic designs and ideas was held on January 24, making it clear that the winning designs are not the shortlisted designs for printing the new series of banknotes. . The […]
KARACHI: The State Bank of Pakistan (SBP) on Thursday clarified that winners of the art competition for banknote designs announced on September 5 are not the short-listed designs for the new currency notes, ARY News reported. “The SBP initiated the process for designing of the new banknote series in January this year with the announcement […]
BRUSSELS: The idea that devaluations make a country’s goods more “competitive” is pure gold to governments. Enhanced “competitiveness”, in turn, is believed to increase exports and reduce imports, thereby improving the country’s trade account, employment, balance of payments and domestic budget. Governments also believe that changing the value of their country’s currency will, in some […]
KARACHI: The State Bank has shortlisted the designs of the new notes from Rs 10 to Rs 5 thousand. According to State Bank, in the initial phase, 2 designs of currency notes of Rs.10, Rs.500 and Rs.5000 have been shortlisted. One of which will be approved later. The pictures of Quaid-e-Azam Muhammad Ali Jinnah and […]
KARACHI: The State Bank of Pakistan (SBP) on Thursday revealed potential designs for new currency notes across all denominations, ARY News reported. The potential designs have been shortlisted from a number of designs submitted by the citizens in an art competition organised by the SBP. Rs 10 denomination 1st prize won by Shery Abidi Rs […]
KARACHI: The State Bank of Pakistan (SBP) on Thursday revealed potential designs for new currency notes across all denominations, ARY News reported. The potential designs have been shortlisted from a number of designs submitted by the citizens in an art competition organised by the SBP. Rs 10 denomination 1st prize won by Shery Abidi Rs […]
KARACHI: Customs officials at Jinnah International Airport intercepted two Dubai-bound passengers attempting to smuggle more than AED 100,000 out of Pakistan, ARY News reported on Thursday. The passengers, identified as Muntazir Mehdi and Mohammad Kashif, were preparing to board a Pakistan International Airline (PIA) flight to Dubai when customs authorities recovered the money during routine […]
KARACHI: Customs authorities successfully foiled a currency smuggling attempt at Karachi Airport and recovered the foreign currency worth millions, ARY News reported on Monday. As per the details, the passenger identified as Moster Uddin, was about to board an international flight FZ-336 when he was stopped at the common counter. Upon inspection, customs officials discovered […]
KARACHI: Pakistani rupee (PKR) on Monday devaluated by Rs 0.11 against the US dollar (USD) in the interbank trading before closing at Rs 278.64 against the previous day’s closing of Rs 278.53, ARY News reported on Monday. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the […]
KARACHI: Pakistani rupee on Friday appreciated by Rs 0.11 against the US dollar in the interbank trading and closed at Rs 278.53 against the previous day’s closing of Rs 278.64, ARY News reported. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at […]