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
Still in force

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