ANNOUNCEMENT 10 Jun 2009

In June 2009, the government of Pakistan announced a rule change for commercial cross-border financial flows.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



10 June 2009 Financial Markets Strategy & Conducts Dept. Circular 9 of 2009
http://www.sbp.org.pk/FSCD/2009/C9.htm


Inception date: 10 Jun 2009 | Removal date: 10 May 2011

Controls on commercial transactions and investment instruments

 On 10 June 2009, the State Bank of Pakistan increased the foreign exchange exposure limit of authorized banks from 15% of the paid up capital with a cap of Rs. 1500 million (USD 17 million at the time) to 20% of the paid up capital and Rs. 2000 million (USD 23 million at the time). This change in policy may allow banks in Pakistan to finance more cross-border trade and investment.

 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A