ANNOUNCEMENT 11 Apr 2013

In April 2013, 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



11 April 2013 Market & Monetary Management Department Circular
No. 7 of 2013

http://www.sbp.org.pk/dmmd/2013/C7.htm


Inception date: 11 Apr 2013 | Removal date: open ended
Still in force

Controls on commercial transactions and investment instruments

On 11 April 2013, the State Bank of Pakistan increased the foreign exchange exposure limit of authorized banks from Rs. 2500 million (USD 28 million at the time) to Rs. 3500 million (USD 35 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