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Mr. Jameel Ahmad, Governor State Bank of Pakistan called on Mr. Asim Ahmad, Chairman FBR in FBR HQs to exchange views on various issues. They discussed the stuck up consignments and opening of LCs in context of SBP’s recent circulars to the banks.
The Governor assured the Chairman that SBP will try to resolve the issues faced by businesses and trade due to changed regulatory framework of Foreign Exchange. Chairman FBR reiterated full cooperation of FBR including exchange of information with SBP. He also informed the Governor about implementation of newly issued foreign currency limitation for passengers travelling abroad. Both agreed on close coordination between SBP and FBR for effective implementation of policies along with improved regulatory environment for economic development.