Russian stock indexes were falling, with the dollar-denominated RTS index down 0.3% to 1,472.3 points and the rouble-based MOEX Russian index 0.4% lower at 3,457.7 points.
The central bank informed that it has now broadened the purposes for which the funds retained in these Special Foreign Currency Accounts (SFCAs) can be utilized.
Banks are allowed to make payment from the accounts for a number of new purposes in addition to existing ones.
Huawei has apparently decided to cut its smartphone production in half this year as on-going sanction in the United States cripple the company's smartphone sales.
Days ago, SBP notified revisions in chapter 20 of the Foreign Exchange Manual to modernize foreign exchange regulations for facilitating startups, fintech, and exports in Pakistan.
The Pakistan-based courier service, Universal Network System Ltd. is planning an initial public offering (IPO) to become the first logistic company to list in Pakistan.
The courier company hopes to expand its network and enhance its technological infrastructure by attracting new investors to the business.
*President Jair Bolsonaro earlier said he had decided to appoint former Defense Minister Joaquim Silva e Luna as the state-controlled oil company’s CEO.