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International Remittances Go Live on the Kotak Mobile Banking App

International Remittances Go Live on the Kotak Mobile Banking App ....

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State Bank of Pakistan modernizes foreign exchange regulations to facilitate start-ups, fintechs and exports

State Bank of Pakistan modernizes foreign exchange regulations to facilitate start-ups, fintechs and exports
Karachi, February 10, 2021 (PPI-OT): State Bank of Pakistan (SBP) has notified revisions in chapter 20 of the Foreign Exchange Manual to facilitate Start-ups, Fintechs and Exports. The new policy for equity investment abroad will attract foreign direct investment through the establishment of holding companies by Pakistani fintechs and startups; support exports by facilitating exporters to establish subsidiaries or branch offices outside Pakistan; and, allow resident Pakistanis to acquire sweat equity, amongst other changes to the Foreign Exchange (FX) regulations.
Further changes in the foreign exchange regulations will facilitate portfolio investment in the country including mutual funds, Exchange Traded Funds (ETF) and Real Estate Investment Trust (REIT) Funds through Pak rupee based Roshan Digital Account (RDA) and Special Convertible Rupee Account (SCRA). SBP, a ....

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SBP Modernizes Foreign Exchange Regulations to Facilitate Start-ups, FinTechs and Exports

State Bank of Pakistan (SBP) has notified the revisions in Foreign Exchange Manual (chapter 20) to facilitate startups, fintechs, and exports. ....

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RBI allows Indian residents to make remittances to IFSCs

This scheme allows resident individuals to send a certain amount of money during a financial year to another country for investment and expenditure. At present, resident individuals are not allowed to make remittances to IFSCs established in India ....

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