ANNOUNCEMENT 10 Jun 2009In June 2009, the government of Pakistan announced a rule change for commercial cross-border financial flows.
NUMBER OF INTERVENTIONS
10 June 2009 Financial Markets Strategy & Conducts Dept. Circular 9 of 2009
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.