Tag: transaction
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Pakistan places first order for discounted Russian crude oil
Pakistan has placed its first order for discounted Russian crude oil under a new deal negotiated between Pakistan and Russia, following months of discussions. State Minister for Petroleum, Musadik Malik, confirmed that one cargo will dock at Karachi port in May. Pakistan will only purchase crude oil, not refined oil, and imports are expected to…
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Banks increase charges for ATM withdrawals from other banks
For cash withdrawals at ATMs from banks other than the account’s host bank, some commercial banks have increased the per transaction cost from Rs18.50 to Rs23.44. Some banks have already begun charging their clients, while others are expected to do so within the coming weeks. The details indicate that commercial banks, including United Bank Limited…
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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…