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E-commerce: SBP proposes framework for Pakistani exporters

E-commerce: SBP proposes framework for Pakistani exporters
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SBP Eases Process of Raising Financing from Abroad for Start-Ups

In order to facilitate the startup companies in raising financing from abroad, the State Bank of Pakistan has allowed them to avail loans as “Convertible

SBP allows startups convertible debt

Startups allowed to raise financing from abroad - Newspaper

The State Bank of Pakistan says that in order to facilitate startups in raising financing from abroad, it has allowed them to avail loans as “convertible debt”. AFP/File KARACHI: The State Bank of Pakistan (SBP) on Wednesday removed a major hurdle that has been hampering growth of the startup companies by allowing them to avail foreign loans as convertible debt. The central bank said that in order to facilitate the startup companies in raising financing from abroad, it has allowed them to avail loans as “convertible debt”. In order to borrow from foreign investors, once again, the law as it stands currently bans individuals from such borrowing, and only allows Pakistani companies to do so under very limited circumstances. It restricts the whole purpose of raising convertible debt for a startup, since the point is to get money fast from existing investors.

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