Global Trade Alert
Global Trade Alert

Pakistan: Resident insurance companies allowed to issue dollar denominated insurance policies

Announcement

01 Nov 2017

Pakistan has allowed local companies to issue USD denominated insurance policies for meeting requirements of foreign lenders.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

1 in force

Implementation date

01 Nov 2017

Revocation date:

No revocation date

Controls on credit operations In force

On 1 November 2017, the State Bank of Pakistan through Foreign Exchange Circular No. 10 of 2017 allowed resident insurance companies to issue USD denominated insurance policies for meeting requirement...

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