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• Federal Board of Revenue, Pakistan, to launch online verification of LCs to curb under-invoicing

  22/11/2015
  The Federal Board of Revenue (FBR) is all set to launch a mechanism for the online verification of letters of credit (LCs) with the banks to curb money-laundering and under-invoicing, official sources said on Friday...

• At what place is a debt under a letter of credit situated?

  09/11/2015
  Debt under a letter of credit is situated in the place where payment is to be made...

• Egypt's Banque Misr and National Bank of Egypt provide $800m to cover imports

  04/11/2015
  3 November - Egypt's top two state banks have provided clients with over $800 million over the past three working days to release goods held up at ports due to a dollar crisis that is hindering imports, Banque Misr's chairman told Al-Arabiya TV on Tuesday...