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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. โ€œThe new policy for equity investment abroad will attract foreign direct investment through the establishment of holding companies ...
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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 t...
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