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Pakistan: Resident insurance companies allowed to issue dollar denominated insurance policies

Description

On 1 November 2017, the State Bank of Pakistan through Foreign Exchange Circular No. 10 of 2017 allowed resident insurance companies to issue USD denominated insurance policies for meeting requirement...

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Intervention Details

Intervention Type

Controls on credit operations

MAST Chapter

Capital control measures

Implementation date

01 Nov 2017

Revocation date

No revocation date

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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