Tag: cash
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Pakistan Customs officials foil attempt to smuggle PKR 1.5 crore in gold and cash
Customs officials made a significant seizure of gold and cash at Jinnah International Airport in Karachi on Tuesday.
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SBP hikes interest rate by 150 basis points to control inflation
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) approved a 150 basis point increase in the benchmark interest rate, pushing it to 13.75 per cent to control inflation. It is worth noting that this is the maximum level of interest rate since 2011 when it was 14 per cent. The central bank mentioned in…
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Banks to remain closed for public dealing on 4 April
The State Bank of Pakistan (SBP) and all other banks will be closed for public business on Monday, 4 April, to observe a ‘Bank Holiday’ for Zakat deduction. Development Finance Institutions (DFIs), Microfinance banks (MFBs), and all other banks will be closed to the public on Monday. On the Bank Holiday, which will be observed as…
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Newly-wed bride asks groom to bring water, runs away with cash, jewellery
A bride robbed her husband while going to her in-laws’ in India’s Uttar Pradesh after she sent him to bring water for her. As per reports, the groom’s marriage was fixed through a mediator and the latter had mentioned a condition that made the groom’s family pay INR80,000 to the bride. The groom named Raju…
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Ashraf Ghani fled the country with four cars and a helicopter full of cash: Russia
The Russian embassy in Kabul alleged on Monday that Afghan President Ashraf Ghani had fled the country with four cars and a helicopter full of cash and had to leave some money behind as it would not all fit in, Russia’s state news agency RIA Novosti reported. Russia has said it will retain a diplomatic…
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SBP to provide disinfected cash during coronavirus pandemic
The State Bank of Pakistan (SBP) on Monday announced that banks will provide fit, authenticated and disinfected cash during the coronavirus pandemic. While there is no conclusive scientific study that links the spread of the current strain of coronavirus to contaminated currency notes, the World Health Organisation (WHO) has advised taking measures to maintain proper…