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Pakistan: Increase in foreign exchange exposure limit for banks in 2011

Description

On 12 May 2011, the State Bank of Pakistan increased the foreign exchange exposure limit of authorized banks from Rs. 2000 million (USD 17 million at the time) to Rs. 2500 million (USD 23 million at t...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

12 May 2011

Revocation date

10 Apr 2013

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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