ANNOUNCEMENT 12 May 2011

In May 2011, 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



12 May 2011 Domestic Market & Monetary Management Department Circular No. 5 of 2011
http://www.sbp.org.pk/dmmd/2011/C5.htm


Inception date: 12 May 2011 | Removal date: 10 Apr 2013
Still in force

Controls on commercial transactions and investment instruments

On 12 May 2011, the State Bank of Pakistan increased the foreign exchange exposure limit of authorized banks from Rs. 2000 million (USDĀ 17 million at the time) to Rs. 2500 million (USDĀ 23 million at the time). The total exposure can however be only up to 20% of the paid-up capital of the banks. 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