{"id":74664,"date":"2021-03-07T10:00:00","date_gmt":"2021-03-07T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=74664"},"modified":"2021-03-05T18:09:26","modified_gmt":"2021-03-05T13:09:26","slug":"sbp-launches-new-digitization-initiative-to-expedite-fx-proceeds-handling","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-launches-new-digitization-initiative-to-expedite-fx-proceeds-handling.html","title":{"rendered":"SBP launches new digitization initiative to expedite FX proceeds handling"},"content":{"rendered":"\n<p>Faisalabad: The State Bank of Pakistan (SBP) has introduced a new digitization initiative in a bid to expedite the handling of foreign exchange (FX) proceeds, a news source reported on March 5. SBP Faisalabad Chief Manager Sarfraz Ahmad Nadeem expressed his views on the matter during a session titled \u2018End-to-End Digitalisation on FX cases\u2019<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/sbp-aims-to-attract-usd-1bn-from-roshan-digital-accounts.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP aims to attract USD 1bn from Roshan Digital Accounts<\/a><\/p>\n\n\n\n<p>SBP Foreign Exchange Cooperation Department (ECD) Director Shakeel Paracha and Exchange Policy Department (EPD) Senior Joint Director Ahsan Waqas attended the session through a Zoom meet on Wednesday.<\/p>\n\n\n\n<p>Nadeem said that the central bank is handling foreign exchange affairs through 16 offices, adding that it follows a merit-based policy when it comes to dealing with commercial banks, currency, taxes, foreign exchange.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/sbp-introduce-measures-facilitate-exporters-boost-exports.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP to introduce measures to facilitate exporters, boost exports<\/a><\/p>\n\n\n\n<p>He further stated that the new programme \u2018will not expedite the approval process but also keep the customer updated about the status of his case at all stages\u2019 in addition to eliminating the need to visit commercial banks for FX documentation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Faisalabad: The State Bank of Pakistan (SBP) has introduced a new digitization initiative in a bid to expedite the handling of foreign exchange (FX) proceeds, a news source reported on March 5. SBP Faisalabad Chief Manager Sarfraz Ahmad Nadeem expressed his views on the matter during a session titled \u2018End-to-End Digitalisation on FX cases\u2019 Read: SBP aims to attract USD 1bn from Roshan Digital Accounts SBP Foreign Exchange Cooperation Department (ECD) Director Shakeel Paracha and Exchange Policy Department (EPD) Senior Joint Director Ahsan Waqas attended the session through a Zoom meet on Wednesday. Nadeem said that the central bank is handling foreign exchange affairs through 16 offices, adding that it follows a merit-based policy when it comes to dealing with commercial banks, currency, taxes, foreign exchange. Read: SBP to introduce measures to facilitate exporters, boost exports He further stated that the new programme \u2018will not expedite the approval process but also keep the customer updated about the status of his case at all stages\u2019 in addition to eliminating the need to visit commercial banks for FX documentation.<\/p>\n","protected":false},"author":67,"featured_media":64432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012,15016],"tags":[7793,21853],"persona":[],"class_list":{"0":"post-74664","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"category-new-developments","9":"tag-foreign-exchange-reserves","10":"tag-state-bank-of-pakistan-sbp","11":"cat-15012-id","12":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP launches new digitization initiative to expedite FX proceeds handling - Zameen News<\/title>\n<meta name=\"description\" content=\"Faisalabad: The State Bank of Pakistan (SBP) has introduced a new digitization initiative in a bid to expedite the handling of foreign exchange (FX)\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sbp-launches-new-digitization-initiative-to-expedite-fx-proceeds-handling.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP launches new digitization initiative to expedite FX proceeds handling - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Faisalabad: The State Bank of Pakistan (SBP) has introduced a new digitization initiative in a bid to expedite the handling of foreign exchange (FX)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-launches-new-digitization-initiative-to-expedite-fx-proceeds-handling.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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