SBP: Biometric Verification necessary for buying $500 or more

- Politics - October 7, 2021

The State Bank of Pakistan (SBP) has put another another limitation on buying dollars on the open market, requiring biometric verification for all persons purchasing $500 or more. The dollar, on the other hand, established a new high on Wednesday, rising to Rs171.

“The exchange companies will be required to conduct biometric verification for all foreign currency sale transactions equivalent to $500 and above and outward remittances,” said the SBP on Wednesday.