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Pakistan building deeper financial sector

KARACHI: Pakistan is making substantial progress in developing its financial sector on the back of regulatory improvements and other reforms, according to the Economic Survey 2020/21 released on. ....

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SBP's Reforms Helped Strengthen Pakistan's Financial Sector in FY2021

Pakistan is making substantial progress in developing its financial sector, as revealed by the Economic Survey 2020-21. This sector is being developed on ....

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SBP modernises forex rules

SBP modernises forex rules
Nearly 87% of foreign loans were for budget financing and building foreign exchange reserves, which meant that these had not been utilised for creating assets. PHOTO: FILE
KARACHI:
In a bid to facilitate startups, fintechs and exports, the State Bank of Pakistan (SBP) has notified revisions in Chapter 20 of the Foreign Exchange Manual.
“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 regulations,” the SBP said in a statement. ....

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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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