The SBP has also allowed banks/DFIs to use their names with their own SPVs in compliance with applicable laws, however, banks/DFIs’ names shall not be used in the RMBS/CMBS issued by such SPVs.
The SBP's statistics revealed that FDI fell significantly by 12.27 percent or $27 million to $192.7 million in Jan 2021 compared to net inflow of $ 219.6 million investment in Jan 2020.
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.
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 central bank in order to have sufficient information about these frauds has developed two standardized formats to record information relating to attempted and committed fake call frauds.