SBP caps bank charges on digital sales of petroleum products to minimise burden on fuel stations

ISLAMABAD: Following demands from petroleum dealers, the State Bank of Pakistan (SBP) has capped bank charges on sales of petroleum products through digital payment methods — including debit and credit cards and online transfers — to minimise the financial burden on fuel stations and promote digital inclusion. Under the decision, merchant discount rates (MDR) for card-based petroleum transactions have been capped at a maximum of Re1 per litre, while charges on online transactions conducted th...

By none@none.com (Khaleeq Kiani)