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