SBP abolishes 1.5% fee on debit, credit card transactions

Quick Summary

Also, petroleum product dealers and oil marketing companies (OMCs) like Pakistan State Oil (PSO) sought permission from the authorities concerned for recovering the additional amount from cardholders so that their profit margins were not compromised.

Earlier, fuel stations had stopped accepting payments through debit and credit cards and demanded the abolition of 1.5% fee.

The abolition of minimum fee was a longstanding demand.“We raised the issue in a meeting with State Minister of Petroleum Musadik Malik on Sunday last week,” he revealed.

More Pictures

News Analysis

Author / Journalist: Salman Siddiqui

Category: Business Finance

Topics: Transactions Debit Million Credit State Pakistan Digital Payment Maximum Cards

Source Website Secure: Yes (HTTPS)

Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

News Source URL: tribune.com.pk

Readership Location: Pakistan

Published Date: 2023-03-18, 21:51:51

News Timezone: GMT +8:00

Language: English

Original Article Length: 673 words

Reading Duration: 4 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1041025

Load More

About Publisher

Name: The Express Tribune

Main Topics: BusinessFinance

Official Website: tribune.com.pk

Last Update: 21h ago

Headquarters: Pakistan

Coverage Areas: Pakistan

Publication Owner: Independent Company

Publication Timezone: GMT +8:00

Languages Covered: English

RSS Feed: Available (XML)

API Available: Yes

Website Security: Secure (HTTPS)

Publisher ID: #192

Load More