The State Bank of Pakistan (SBP) has notified revisions in chapter 20 of the Foreign Exchange Manual to modernize foreign exchange regulations for facilitating startups, fintechs and exports in Pakistan.
TERF has shown significant growth over the last ten months as reflected by increase in requested amount from Rs 36.1 billion by end April 2020 to Rs 687.4 billion by Jan 28, 2021.
The KCCI President asked the Ministry of Finance and SBP to issue directives for immediate release of payments to the masses so that their lives were not disturbed.